NewsCase StudiesEvents

Financing a Business in Isle of Man

Isle of Man

Financing a Business in Isle of Man

Recent forum posts

 

  1. WhatsApp(+44 7397 620325)Buy Nembutal pentobarbital and Fentanyl,(Capsules,Liquid, powder and pills)

    Buy weight loss pills online, Buy wegovy, Ozempic, Sexanda and mounjaro online Buy Xanax Online buy xanax bars Buy Nembutal online, Buy weight loss pills onlineWe are reliable and trusted vendors of Nembutal (Pentobarbital Sodium).We have established an excellent reputation over the years by providing our customers with excellent quality/purity Nembutal. We offer a pleasant and professiona

    Total Posts: 1 Last post by makeolsee2

  2. CALUANIE OXIDIZE FOR SALE IN ASIA WhatsApp(+44 7397 620325)buy Caluanie Muelear Oxidize Parteurize russia?

    We sale good quality Heavy water caluanie oxidize made in US.Buy Caluanie Oxidize online usaWhere to buy Caluanie Oxide online usaWholesale Caluanie Oxide online.Caluanie Muelear Oxidize For sale. Chemicals are widely used across various manufacturing industries for a wide range of purposes. Caluaine Oxidize is one of the most demanded products in the metal or chemical processing sector.

    Total Posts: 1 Last post by makeolsee2

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.

Click here to Ask an Expert about Financing a Business in Isle of Man

Organisations that can assist with Financing a Business

    You are not logged in!

    Please login or register to ask our experts a question.

    Login now or register.