Isle of Man
Finance in Isle of Man
Isle of Man Business Experts
Recent forum posts
-
What Makes a Good Thesis Writing Service in PK?
A reliable thesis writing platform offers more than just content it ensures originality, timely delivery, and expert academic support. Our service specializes in providing personalized research support, proper formatting, and error-free submissions. With a qualified team experienced in diverse fields, we guarantee results that meet university standards. If you're seeking dependable [url=https://th
Total Posts: 1 Last post by shanewane
-
WHERE CAN I BUY COUNTERFEIT MONEY (whatsapp +447436442801)
Buy high-quality undetectable grade AA+ counterfeit money Online, real fake passports,id cards,drivers license WhatsApp: +447436442801Genaral Support: darkmarketsuppliers@europe.comWith the COVID-19 pandemic which may trigger a global recession, we produce authentic currency bills of USD$,British PoundsŁ and Euros€ with different serial numbers on each bill. We have i
Total Posts: 1 Last post by genuinneproducts
Financing a Business on the Isle of Man
There are a number of government and tax financial incentives for small to medium UK businesses looking to invest in the Isle of Man.
Tax Incentives
The Isle of Man has attractive tax incentives for foreign investors including:
- Coroporate income tax between 0 and 10%
- Personal income tax between 0 and 20%
- No capital gains tax, wealth tax, stamp duty, or inheritance tax.
- Low import and export duties.
Government Finance Incentives
Financial Assistance Scheme
The government offers various packages to qualifiying businesses who fulful certain environmental and commercial criteria. The incentives include:
- Up for 40% for new equipment
- Up to 40% in building grants, for either new build or rent.
- Up to 50% towards training of staff
- Up to 40% revenue grants to assist with research and development, marketing, relocation, consultancy and environmental standards.
Further information can be found at
www.gov.im/dti/grants/financeassist.xml
Business Support Scheme
The Business Support Scheme offers a grant of up to £4500 towards business projects. The scheme also offers consultancy, business solutions and business development support (inlcluding mentorship)
Further information can be found at
http://www.gov.im/dti/grants/bss/?menuid=7836
Private Finance
A good starting point for investigating private finance options on the island is the Isle of Man Finance website www.gov.im
The website offers free advice for businesses and details on the taxation and finance regulations. It is advisable to consult an accountant before making any formal approaches to a bank and to make sure that you have an extensive business plan in place.
