Isle of Man
Finance in Isle of Man
Isle of Man Business Experts
Recent forum posts
-
Padres feel in the direction of postseason
at the exchange deadline Jeremiah Estrada andor Adrian Morejon given that those people men consist of been the just constant hands in just the "pen. He shouldn't comprise toward do that a great deal extended. Jason Adam was previously additional toward the roster and he'll be connected by way of Marlins All Star Tanner Scott, who was the substantial exchange of the working day for San Diego. Scot
Total Posts: 1 Last post by Mittelstadt
-
Padres feel in the direction of postseason
at the exchange deadline Jeremiah Estrada andor Adrian Morejon given that those people men consist of been the just constant hands in just the "pen. He shouldn't comprise toward do that a great deal extended. Jason Adam was previously additional toward the roster and he'll be connected by way of Marlins All Star Tanner Scott, who was the substantial exchange of the working day for San Diego. Scot
Total Posts: 1 Last post by Mittelstadt
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.
