Registration of a company on the Isle of Man

Name of service Bronze Silver Gold Platinum
Check and reserve of the company name Obtaining approval from the registrar for the company name
Company registration, including state fees Preparation of a full package of documents, depending on the chosen form of ownership, cooperation with the relevant authorities prior to obtaining information on company registration
Legal address for 1 year Provision of legal address for your company in a given jurisdiction, eliminating the need to purchase or rent real estate
Secretary services for 1 year The person named on the certificate of incorporation and representing the company, through which communication with local government agencies is carried out
Services of local director for 1 year Providing a resident director of a given jurisdiction or the EU, which is necessary for registering a company and opening an account at a local bank
Assistance in opening an account Collection, preparation and submission of the necessary documents for opening a corporate account
Assistance in obtaining a VAT number Collecting, preparing and submitting the necessary documents to obtain a VAT number
Total cost
1900 EUR 7500 EUR 9600 EUR 10700 EUR
Accounting services
100 EUR 100 EUR 100 EUR 100 EUR
Annual renewal (paid from the second year)
1500 EUR 5900 EUR 5900 EUR 5900 EUR

Action

If you will register a company until 30th of April ,
opening a bank account is for FREE

Start registration

Pricelist

6 steps

  • 1

    Choose a
    jurisdiction

  • 2

    Choose
    a bank

  • 3

    Pay for the service
    using suitable
    method

  • 4

    Receive credentials
    of your new
    company

  • 5

    Receive credentials of
    an opened bank
    account

  • 6

    Receive a package with
    documents delivered
    by DHL

The island, located in the Irish Sea, has a legal system based on common English law; there is no currency exchange control down there, and the pound sterling is used as the official currency. Non-residents are entitled to run a business in any of the legally permitted areas, the main office does not have to be placed in the jurisdiction. Registering a company in the Isle of Man is convenient for fiscal preferences to legal entities that do not run a business in the jurisdiction. Funds received from external transactions and dividends are not taxed.

Opening a company in the Isle of Man is justified for other reasons too:

  • there are no requirements for annual audit and detailed reporting – it is needed, but is provided upon the tax authorities request;
  • the nominal service use is allowed – this solves the issue of the public register of shareholders, the directorate and the public availability of information in it;
  • information about the true beneficiaries is not published – the beneficiaries remain confidential;
  • citizenship of business founders and the directorate residency do not matter;
  • the lower threshold of the authorized capital for convenient forms of business is not defined, there are no requirements for its currency;
  • the legal system is familiar, transparent and well-controlled;
  • The jurisdiction is respectable, western partners cooperate with companies based on the island willingly.

Conditions of establishing a company on the island

Isle of Man is offshore, which is suitable to perform operations in the EU, the UK, it is in particular beneficial for trade, investment, online gambling. Companies established in the jurisdiction are an effective tool for asset protection, tax, and transnational planning. They are established as LLC, NMV, Limited Partnership, private or hybrid companies.

The differences relate to the amount of the proposed capital (even if it is, the authorities do not require its paying), the number of founders that are sufficient for registration, and the conditions for employees. For example, two directors and a secretary – a private person are required in private companies. Therefore, non-residents, as a rule, register a business as an LLC. There is no declared capital, two founders are enough; you can store documentation and hold meetings of owners outside the island. Registrars do not require a personal presence of the founders, but they will have to:

  • choose a unique name without the words “trust”, “bank”, etc.;
  • hire one top manager;
  • receive separate permission if the business is licensed.

If the documentation package is complete, correctly compiled, a company on the Isle of Man is registered within one to two weeks. During operation, the company must keep records and store it at the registration office, but it is not necessary to submit it regularly.

Easy establishing of companies in the Isle of Man

To simplify and speed up the formalities when registering a business in a promising jurisdiction, please contact “Prifinance” experts. They will constitute an action strategy, select the appropriate business form, structure and tax model. A package for the company registration will be collected, checked and submitted to the authorities in “Prifinance” and the certificate receipt will be monitored therein. We offer services for:

  • company registration, licensing of activities and opening of bank accounts;
  • tax planning and selection of “operational” holding models;
  • organizational support in bureaucratic formalities performing;
  • legal, financial, international consulting.

Call us or contact using the site forms and we will provide detailed information on the services.

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