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.

Isle of Man Limited Liability Companies

Isle of Man Offering