Isle of Man Offshore Banking

Isle Of Man Offshore Banking and Tax Haven Resources...

The island is located in the British Isles, in the Irish Sea. It is considered one of the most sophisticated tax havens in the world, and there is a wide array of services available. Offshore banking and finance is a large factor of the economy on the Isle of Man. The Manx Government's has a policy of offering incentives to high-technology companies and financial institutions to locate on the island. This has paid off in expanding employment opportunities in high-income industries. Banking now contributes almost half of the gross national product on the island. The Isle of Man also enjoys free access to European Union markets.

The low tax economy on the the island is an inredible value. Income tax rates of 10% and 18% and 0% rate of corporate tax. This tiny island juristiction is a major tax haven and centre for offshore services. Non-residents of the island (which includes the owners of local properties as long as they don't spend more than four months a year there) can make full use of the offshore investment vehicles available. Non-residents pay tax on locally-sourced income, but this excludes most types of income and capital gain in the offshore sector. This is why The Isle of Man is considered one of the Premiere Tax-Free Havens in the world. offshore company companies finance incorporation corporation trust trusts registrations tax haven tax-free haven tax free business banking bank account investor / investing financial services asset protect assets tax and wealth protection