Company liquidation in the Isle of Man can be initiated by the company's directors or shareholders or by creditors. Voluntary liquidation occurs when the management board decides to close due to various factors, such as insolvency or other personal reasons. Compulsory liquidation occurs when a company is ordered to be…
Companies that conduct business in the Isle of Man and need to register for VAT purposes will need to appoint a fiscal representative in Isle of Man, a third party that will handle all or part of the relevant submissions for VAT purposes and for other taxes. As part of…
Payroll in the Isle of Man refers to the process of managing employee compensation, including salary payments, tax deductions, and National Insurance contributions. Payroll is a critical function for businesses as it ensures that employees are paid accurately and in compliance with tax and legal regulations. Our team handles Isle…
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…
At the moment shelf companies are not available in the Isle of Man. Instead we recommend setting up new companies, a service in which we are specialized.A ready-made company or a shelf company is a legal entity that has been registered as per the local laws but has yet to…
The Isle of Man is located between Ireland and England and it can be an attractive location to purchase real estate. The location is a known financial services center that also has a number of recognized sectors such as telecommunications or aerospace. Buying real estate for foreigners in the Isle…
Investors interested in opening a cryptocurrency exchange need to register with the Isle of Man Financial Services Authority (IOMFSA), which is the equivalent of obtaining a crypto license in the Isle of Man. A cryptocurrency exchange is a service that allows clients to trade virtual currencies either for other types…
Investors who are interested in Isle of Man company formation need to comply with a few requirements for the establishment and the management of the legal entity, as stipulated in the Companies Act. What is a registered agent in the Isle of Man? An individual who will overtake some of…
The Isle of Man and Belize are both included in offshore locations lists and they do offer a number of attractive advantages for foreign entrepreneurs. When choosing where to base a company, investors will need to pay attention to a number of factors so where should you open an offshore…
The gambling industry in the Isle of Man is subject to a set of regulations imposed by the Gambling Supervision Commission that concern, but are not limited to, licensing and control. Ensuring that the services are fair and that the players receive their true winnings is a core principle in…
