Companies are required to submit an annual summary that is filed within one month after the anniversary of the incorporation. We present a short guide on how to file an annual return in the Isle of Man.
Offshore company formation in the Isle of Man is a simple process that is subject to a few steps as well as this annual requirement to file the return. The filing process is also subject to certain fees, according to the type of company.
Table of Contents
The annual return is filed yearly and within one month after the anniversary of the company’s incorporation. This date is different for companies incorporated before 1993, namely, it is not specifically on the incorporation anniversary date but still on a fixed date each year.
The report can be seen as an annual summary that is filed irrespective of the fact that the company traded that year or not. It contains information about the company’s accounting records (if these have been kept and prepared). It is not to be confused with other annual statements or the tax or VAT return.
One of our agents who specialize in Isle of Man company formation can give you more information on this filing requirement as well as the other existing ones.
Filing the annual return in the Isle of Man is easier with our help. You can rely on our assistance for this annual submission, as well as for maintaining sufficient accounting records, and the preparation of the accounts upon request. Our accountants in the Isle of Man offer services for companies operating in all business fields. Please feel free to reach out to us for more details.
The Government imposes a set of fees, as highlighted below by our team of Isle of Man company registration agents:
Our agents can offer complete services for setting up a company in the Isle of Man as well as counseling for foreign investors. Contact us for more information and detailed answers.