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Isle of Man

The Isle of Man has a long history as an independent state, with the world's oldest parliamentary system.

It is a highly rated jurisdiction amongst professionals and is considered an excellent gateway into Europe for trading and holding companies.

The Companies Act 2006 introduced a simpler and cheaper vehicle for international trading.

Coupled with the introduction of zero Corporation Tax for all but banks and property developers the scene is set to offer unbeatable packages to attract international business.

• Choice of corporate structures and sophisticated infrastructure

• Highly respected jurisdiction

• No stamp duty, estate duty or capital gains tax

• No exchange controls

• Good structure for trading companies

• Excellent supporting infrastructure of banks, accountants, etc

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One of the most interesting vehicle in Isle of Man is the Hybrid Company.

The Isle of Man Hybrid Company is a company limited by guarantee and having a share capital.

The hybrid company is a fusion of the two standard forms of limited company, namely a company limited by guarantee and a company having a share capital.

The members of the former type of company undertake to contribute capital to the company in the event that the company becomes insolvent or goes into liquidation.

The members of the latter type of company contribute capital to become a member.

Companies limited by guarantee and having a share capital have a variety of uses by virtue of the flexibility offered by Isle of Man legislation.

Furthermore there are advantages in using such an entity in preference to a trust or a foundation.

The major advantage of a Hybrid over a normal Private Limited Company is that it can be structured so that economic interest is separate from control.

This can be of significant importance for residents of certain countries where strict CFC rules exist.