Isle of Man offers attractive offshore formation opportunities through an International Business Company IBC to businesses seeking the benefits of a secure, confidential and tax-free environment. Isle of Man has been offering clients offshore formation packages and has grown rapidly in the sector due to its flexible structure, exceptional protection regulations and enabling legislation, making it among the best jurisdictions for offshore company formations.

Key Features of Isle of Man IBC

Isle of Man IBC

Corporate Details

General

  • Type of Entity

International Business Company

  • Registered Office in Isle of Man

Yes

  • Shelf company availability

Yes

  • Access to Double Taxation Treaties

No

Share capital or equivalent

  • Standard currency

Manx Pound

  • Permitted currencies

Any

  • Minimum paid up

No minimum

  • Usual authorized
  • Bearer shares allowed

Yes (but required to be immobilized by the registered agent)

  • No par value shares allowed

Yes

Directors

  • Minimum number

Two

  • Local required

No

  • Publicly accessible records

No

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Shareholders

  • Minimum number

One

  • Publicly accessible records

No

  • Corporate shareholder allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

No

  • Local or qualified

No

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

Yes

  • Requirements to file accounts

Yes

  • Publicly accessible accounts

No

Tax Treatment

An Isle of man IBC is tax exempted

Duration to set up the company

5 weeks

Distinctive Advantages of Isle of Man IBC

  • No minimum capital requirement.
  • Only one shareholder or director is mandatory.
  • An International trade zone.
  • No corporate tax.
  • Records are not publicly accessible.
  • Names of company directors and shareholders are not placed in the public registry.

The Valsen Advantages

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.