Valsen Corporate

Isle of Man Limited Liability Companies

  • 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.