Isle of Man
Finance in Isle of Man
Isle of Man Business Experts
Recent forum posts
-
Unde pot cumpăra pastile Rivotril (clonazepam) 2 mg fără prescripție medicală
Unde pot cumpăra pastile Rivotril (clonazepam) 2 mg fără prescripție medicalăPlasați o comandă prin e-mail >>> dagmarineborg1@gmail.comOferim o varietate de produse farmaceutice, inclusiv mărci generice.Dacă suferiți de dureri, anxietate, slăbiciune fizică și insomnie, toate medicamentele sunt acum disponibile în farmacia n
Total Posts: 1 Last post by lucaenzomeds
-
Plots in Goa by neworld developers
Northern Hills by neWorld Developers offers an exclusive opportunity to own legally approved plots in Goa in one of North Goa’s fastest-growing zones. These luxury plots in Goa are nestled in an elevated, green environment with easy access to beaches, cafes, and urban amenities. Ideal for personal use or rental income, these residential plots for sale in North Goa are RERA-compliant and come with
Total Posts: 1 Last post by nehabhumihar2002
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.
