About the Isle of Man
The Isle of Man is an established international finance centre, with a secure base built on political stability, low taxation and a firmly established fiscal and regulatory environment and is independent of the U.K.
The Island has actively sought to create a diversified economy that is not heavily reliant on any one sector, thus allowing it to react swiftly and effectively to any events that occur in the world’s markets.
Consequently, the Island has provided a sound platform for businesses to flourish, forming a base for many international professional service providers many of whom have become members of the Isle of Man SuperYacht Forum.
For many years, the Island has been both recognised and respected as a jurisdiction for ship management. Since the adoption of the Large Yacht Code in 2003, the Isle of Man has become a centre of excellence for the registration, management and administration of Superyachts.
Benefits of the Isle of Man
Stability – The Isle of Man has its own democratically elected Parliament and judicial system. In addition, the Isle of Man has healthy reserves and a stable and diverse economy with over 25 years of continued economic growth.
Tax Regime – The Isle of Man has a clear and simple tax regime with no Capital Gains Tax, Withholding Tax or Wealth Taxes.
Supportive Government – The Island recognises that the most effective way to create a successful business environment is to engage with its stakeholders. The Government has formed positive and productive relationships with the private sector.
Regulation – The Isle of Man strives to be a model of political stability, transparency and financial supervision. The Island is at the forefront of best practice in international regulation and has been praised by global bodies including the OECD, G20 and IMF for its commitment to financial and supervisory standards. The Isle of Man has been the pioneer in introducing pragmatic regulation and protection priding itself in being responsive to international needs.
Infrastructure – The Isle of Man has an excellent telecoms and power infrastructure which has benefited from hundreds of millions of pounds worth of public and private sector investment in recent years.