ISLE OF MAN – ZERO RATE ENTRY POINT TO EU 

Corporation tax rates are zero for most holding companies established on the Isle of Man. On top of which this is a country which is politically stable with a legal system that generally follows the legal principals of English Law. You might consider establishing a holding company on the Isle of Man if:
  • Holding UK commercial and residential property development due to a favourable UK Double Taxation Agreement and VAT links to the U.K.
  • Holding investment portfolios and subsidiary companies due to the 0% rate of tax and no withholding taxes on dividend income.  
  • Holding intellectual property; The Isle of Man enjoys treaty protection as it is a signatory to the Paris Convention on Patents and Trademarks. 
FURTHER DETAILS
The main benefits of using an Isle of Man holding company include:  
  • No withholding tax on dividends to local or foreign shareholders and no stamp duty. 
  • The rate of Corporation Tax is 0%, except for the following which are taxed at 10% / 20% 
    • Profit from retail business in the Isle of Man exceeding £500,000.
    • Profit derived from land and buildings located in the Isle of Man, including rental income.
    • Profit from banking busines
  • Entry into the EU from other jurisdictions, with readily available VAT registration. VAT is at 20% and the Island is part of the UK entry Processing Unit so Isle of Man importers, exporters and their agents can obtain customs clearance without the need for goods to physically travel to the Isle of Man.
  • A popular jurisdiction for international companies to admit to trading on the London Stock Exchange Alternative Investment Market (AIM). 
  • Isle of Man companies are also useful for borrowing money from banks, being in a well regulated jurisdiction with a public register of mortgages and charges.
Contact the AGN Firm best prepared to provide further information:
CROWE MORGAN CHARTERED ACCOUNTANTS


Contact Person: Barry Mc Carney ACA FCCA | E-Mail: barrymccarney@crowemorgan.com | Phone: +44 1624 665100 | Firm website: www.crowemorgan.com

AGN International Ltd is a company limited by guarantee registered in England & Wales, number 3132548, registered office at 24 Greville Street, London EC1N 8SS, United Kingdom.

AGN International Ltd (and its regional affiliates; together "AGN") is a not-for-profit worldwide membership association of separate and independent accounting and advisory businesses. AGN does not provide services to the clients of its members, which are provided by Members alone. AGN and its Members are not in partnership together, they are neither agents of nor obligate one another, and they are not responsible or liable for each other's services, actions or inactions.

This communication is generic in nature, for general information only and does not constitute professional advice. It should not be relied upon in arriving at any decision, and no responsibility is accepted. Salient facts should be verified and professional advice should be taken before taking or refraining from any course of action.

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AGN International Ltd is a company limited by guarantee registered in England & Wales, number 3132548, registered office 6 Hays Lane, London Bridge, London SE1 2HB, United Kingdom.
AGN International Ltd (and its regional affiliates; together "AGN") is a not-for-profit worldwide membership association of separate and independent accounting and advisory businesses. AGN does not provide services to the clients of its members, which are provided by Members alone. AGN and its Members are not in partnership together, they are neither agents of nor obligate one another, and they are not responsible or liable for each other's services, actions or inactions.

Copyright © 2020 AGN International Ltd, All rights reserved. You are receiving this because you are a member of AGN International Ltd




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