4 results found in Douglas

These changes have been aimed at competing with jurisdictions that offer international companies that are easy to manage and with advantageous tax systems such as the British Virgin Islands, Cayman Islands or Bermuda. With the addition that Manx companies are not restricted from carrying out onshore transactions or own assets located on the island. The Isle ...

The Isle of Man has also enacted legislation for businesses dealing with cryptocurrencies. The Designated Business (Registration and Oversight) Act 2015 regulates cryptocurrency businesses, such as exchanges, and requires them to register with the Isle of Man Financial Supervision Commission and comply with Anti-Money Laundering and Countering TerroThe Isle ...

Companies conducting relevant activities such as fund management, banking, insurance, finance and leasing, distribution and service center business, headquarters business, intellectual property business, shipping, and holding company business – are required to meet economic substance requirements.Isle of Man company registration is an appealing way for inter...

One major difference between the Isle of Man and other low tax jurisdictions is that we are part of the UK for VAT purposes. This can give rise to a number of advantages. At a basic level there is the opportunity for UK inward investors to arrange for VAT registration, without the risk of a taxable presence in the UK. The Isle of Man is also an ideal locatio...