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ENGAGEMENT COSTS Year 1 incorporation US$ *2,500 Year 2 incorporation US$ *1,500 Nominee director Company de-registration * Depending on corporate structure and professional services required. **Excludes US$1,100 refundable deposit.
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The Isle of Man is one of the most secure and stable offshore jurisdictions in the world, with strong confidentiality laws and an attractive tax regime. Isle of Man company formation is a popular way for international business people to legitimately minimise their international tax liabilities. The following information will help you determine whether Isle of Man company formation is the optimum solution for your business: |
| Advantages of Isle of Man Company Formation | |
1. |
With proper structuring, Isle of Man company formation is an ideal way to book international profits without paying corporation tax.
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2. |
To qualify as a 'tax exempt' company, an Isle of Man company is required to pay an annual fee of 430 Pounds Sterling (US$835) to the Isle of Man government. Upon payment, the company's international income (i.e. outside the Isle of Man) is legally tax-free. |
3. |
Isle of Man company formation is a reputable solution. The island is a highly regarded jurisdiction due to stringent compliance laws. The UK is positively ranked as the 12th least corrupt country in the 2007 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians. |
4. |
Isle of Man company formation requires a minimum of one shareholder with corporate shareholders permitted. |
5.
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There are no authorised or issued share capital requirements for Isle of Man company formation. |
6. |
Isle of Man company formation is quick and easy. |
7. |
There are no exchange controls or other financial restraints imposed on an Isle of Man company. |
8.
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It is easy to open global corporate bank accounts to support Isle of Man company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services. |
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Many investors choose Isle of Man company formation as an appropriate vehicle to tap opportunities in mainland Europe. |
| Disadvantages of Isle of Man Company Formation | |
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Following Isle of Man company formation, annual accounts must be submitted to the Isle of Man government Income Tax Division. |
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Isle of Man company formation requires a registered office to be maintained on the island. |
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A minimum of two directors are required for Isle of Man company formation, one of whom must be an Isle of Man resident. Corporate directors are not permitted. |
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A professionally qualified local secretary is required. |
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Following Isle of Man company formation, directors' and shareholders' details are available for public viewing. |
| Other Information | |
| Refer to the following links to read more information on Isle of Man company formation: |
| Contact Us |
For more information on Isle of Man company formation, email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120. |
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ENGAGEMENT COSTS Year 1 incorporation US$ *2,500 Year 2 incorporation US$ *1,500 Nominee director Company de-registration * Depending on corporate structure and professional services required. **Excludes US$1,100 refundable deposit.
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| © 2003 Healy Consultants Pte Ltd | EUROPE COMPANY SET UP SERVICES |