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Isle Of Man

Capital Douglas
Area Sq Km 572
Area Sq Miles 221
Population 77 000
Languages English
Religions Protestant, Roman, Catholic
Currency Pound
National Day

Isle Of Man

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Economy Overview
The main activities of the economic sector of Isle of Man include deposit-taking, asset protection and management, packaged investments such as unit trusts, life assurance and also corporate management. Markets for these services are worldwide. A breakdown of the GNP for the period 1998/99 showed the finance sector maintaining its established position as the Island's main sector with a 42% share of total income from Manx sources. Regulation of the finance sector in the Isle of Man is carried out by the Financial Supervision Commission and the Insurance and Pensions Authority. The Financial Supervision Commission is responsible for the licensing, authorisation and supervision of banks, building societies, investment businesses and collective investment schemes. Insurance companies are regulated by the Insurance and Pensions Authority. Although English law does not extend to the Isle of Man, the Manx legal system is based on the principles of English common law, like the legal systems of most Commonwealth countries. Lawyers in the Isle of Man are known as advocates and combine the roles of solicitors and barristers in England. Organised into partnerships, Manx advocates perform a wide range of work and have an exclusive right of audience in the Island's courts (although English barristers can be licensed to appear in certain cases). The Financial Supervision Commission have currently issued 62 banking licences and 2 building society licences (figures correct as of April 2001)

Articles related to Isle Of Man


List of Banks in Isle Of Man

Isle of Man has a large no. of multinational and local banks involved in offshore transactions.


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Golfing on Isle of Man

Isle of man is just an hour by air from the UK; a leisurely ferry crossing from the British Isles takes less than 4 hours. Though tiny, this patch of green in the Irish sea is 


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Visa requirements for Isle of Man

Though dependant on the British Crown, Isle of Man has its own set of Immigration & Visa rules and visitors to the United Kingdom or Republic of Ireland may require separate visas to enter the isl


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Fishing in Isle of Man

The Isle of Man has a stunning coastline and it is inhabited by a dazzling array of marine life, with a myriad of small, clear, fast flowing streams, the Isle of Man offers a unique opportunity to fis


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Curraghs, wildlife park of Isle of Man

Curraghs in the local Manx Gaelic dialect connotes wet, boggy willow woodland. Only one of its kind on Isle of Man, the Curraghs Wildlife Park is a haven for a mind-boggling assortment (more than 100


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Traditional sports of Isle of Man

The Manx/inhabitants of Isle of Man are avid sports enthusiasts, and in addition to golfing and motorbike racing, they are fond of water-centric activities like deep-sea sailing & board surfing as


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Cruises & coach tours on Isle of Man

The Isle of Man is an important cruise destination and its capital, the port city of Douglas offers quay-side mooring for vessels up to 120 meters.


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History of Isle of Man

Isle of Man, a self governing British Crown dependency, is located in the Irish Sea at the geographical center of the British Isles. Queen Elizabeth II is the head of the state and holds the title o


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Flora & fauna of Isle of Man

Isle of Man is a self-governing British Crown dependency, located in the Irish Sea at the geographical centre of the British Isles. The Island typically enjoys 'British' weather tempered by the effect


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Shopping in Isle of Man

The main shopping area on the Island is Strand Street, located in the centre of the Island's capital Douglas. Here you will find High Street names such as Marks & Spencer, WHSmith, Boots and Woolw


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