Isle of Man Limited Liability Company (LLC) has a membership structure and taxed in a similar manner to that of a partnership, with each member of the LLC paying tax on their share of the profits.  However, the LLC is a separate legal entity whose members’ liability is limited to the amount of their capital contribution.

The right to manage the LLC is vested in the members themselves, in proportion to their contributions, although the members have the option of appointing a manager.

Key Features of Isle of Man LLC

Isle of Man LLC

Corporate Details

General

  • Type of Entity

LLC

  • Registered Office in Isle of Man

Yes

  • Shelf company availability

No

  • Access to Double Taxation Treaties

No

Share capital or equivalent

  • Standard currency

Manx Pound

  • Permitted currencies

Any

Directors

  • Minimum number

1

  • Local required

No

  • Publicly accessible records

No

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Members

  • Minimum number

1

  • Publicly accessible records

Yes

  • Corporate members allowed

Yes

  • Location of meetings

Anywhere

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

No

  • Requirements to file accounts

No

  • Publicly accessible accounts

No

Others

  • Requirement to file annual return

Yes

Duration to set up the company

Around One month

Advantages of Isle of Man LLC

  • The LLC is a legal entity with separate rights and liabilities distinct from its members and managers
  • Members are not personally liable for the debts, obligations or liabilities of the LLC
  • Members can fully participate in the management of the LLC
  • Investment and Tax Planning
  • No accounting/audit requirements
  • Hold assets/ship ownership
  • Hold IBCs, Trusts and Foundations

The Valsen Advantage

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