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It takes just one day to incorporate a company in Isle of Man but is subject to name approval. The company formed in the Isle of Man has all the powers of a natural person. |
Corporate Acts
The Companies Acts 1931 to 1993
The International Business Act 1994
Limited Liability Companies Act 1996
Advantages for IBC in the Isle Of Man
Common Law
Disclosure of Beneficial Owner – Not Required
Migration of Domicile Permitted – Not Required
Tax on Offshore Profits – Not Required
Corporate requirements
Minimum No. of Shareholders / Members - One
Minimum Number of Directors / Managers - Two
Bearer Shares Allowed - No
Corp. Directors / Managers – Not Required
Company Secretary - Required
Standard Authorized Share Capital - £ 2,000
Local requirements
Registered Office/Agent - Required
Company Secretary - Required
Local Directors - Required
Local Meetings – Not Required
Govt. Register of Director / Managers - Required
Govt. Register of Shareholder/ Member - Required
Annual Return - Required
Submit Accounts – Not Required
Minimum Annual Tax/License Fee - £ 800
Annual Return Filing Fee - £ 50
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