Quick Links
Jurisdiction list
- Bermuda
- British Virgin Islands
- Dublin
- Gibraltar
- Guernsey
- Hong Kong
- Isle of Man
- Jersey
- Malta
- view more jurisdictions
Featured Provider
Search
LATEST NEWS
14-07-2009
Tax Havens Buck European Property Slump 20-04-2009
Cyprus is Europe’s most attractive tax regime, survey finds 20-04-2009
Bank secrecy jurisdictions pledge to cooperate on tax data exchange
Government DepartmentsTax Havens Buck European Property Slump 20-04-2009
Cyprus is Europe’s most attractive tax regime, survey finds 20-04-2009
Bank secrecy jurisdictions pledge to cooperate on tax data exchange
Financial Regulators
LATEST ARTICLES
Selected Vacancies
Isle of Man
Physical Facts |
|
| Population: | 76,220 (July 2008 est.) |
| Location: | Western Europe, island in the Irish Sea, between Great Britain (50 KM) and Ireland (50 KM) |
| Area: | 572 sq km |
| Climate: | Temperate climate; cool summers and mild winter; overcast about one-third of the time. Average temperature is 4.9C (February) to 7.6C (July, August) |
| Transport | Air, Sea, Road. |
| International Direct Dialling prefix: | 44 |
| Internet Country Code | .im |
| Time difference on GMT: | 0 |
Administrative Facts: |
|
| Status: | British crown dependency. Independent of the United Kingdom in fiscal and legislative matters. Not part of the EU but has associate status. |
| Government: | Parliamentary democracy The Queen is the Island's constitutional head of state - the Lord of Mann - represented by a resident Lieutenant Governor appointed for 5 year periods. |
| Legal System: | The laws of the UK, where applicable, apply and Manx statutes. High Court of Justice (justices are appointed by the Lord Chancellor of England on the nomination of the lieutenant governor) |
| International Court Jurisdiction: | |
| Language: | English, Manx Gaelic |
| Education system: | Follows the UK education system. Compulsory schooling between the ages of 5 and 16. 35 Primary Schools 5 Secondary schools 1 College (some provision of Degree courses) International Business School |
| UK Embassy: | |
| Residency/Working Requirements: | Foreign nationals who wish to work on the Isle of Man are required to obtain a work permit. These are issued for specific vacancies and employers and are usually only issued to those with a high degree of education, followed up with experience in the field they wish to work. |
Fiscal Facts |
|
| Legal tender & currency: | Manx pounds and pence (equivalent to GB pounds) |
| VAT: | 17.5% on most items |
| Sales Tax: | |
| Import duty: | |
| Export duty: | |
| Banking: | National and International |
| Annual Government Revenue: | $965 million |
| Annual Government Expenditure: | $943 million |
| GDP: | $2.719 billion (2005 est.) |
| Minimum wage: | £5-6 per hour |
| Financial Services Regulation: | Financial Supervision Commission |
| Financial Services Regulation Contact Details: | Tel: (4... Fax: (44 1624) 689 399 Email: fsc@gov.im |
Tax Facts |
|
| General: | Low tax haven. Double taxation treaty with the United Kingdom. Sweden and Norway with effect from April 2009 European Savings Tax Directive. |
| Corporate Tax: | 0% |
| Individual – resident: | 10% rising to 18% depending on income and capped at £100,000 |
| Individual – non-resident: | Only taxed on income derived in the Isle of Man |
Featured Provider Title of Jurisdiction 5
Featured Provider Content of Jurisdiction 5
Featured Provider Content of Jurisdiction 5
Featured Provider Content of Jurisdiction 5
Featured Provider Content of Jurisdiction 5
