Sovereign Trust (Isle of Man) Limited
Sovereign House
14-16 Nelson Street
Douglas
Isle of Man
IM1 2AL
Telephone Number: +44 1624 699 800
Fax Number: +44 1624 699 801
E-mail: iom@SovereignGroup.com
Managing Director
Diane Dentith
Directors
Howard Bilton, Dian Skelton, Phil Dentith, Gill Graham
Languages Spoken
English, French, Spanish, Portuguese, Bulgarian, Russian, Afrikaans, Zulu,
Gujerati
GENERAL SYNOPSIS
The Isle of Man is an English speaking country which lies in the Irish Sea between Britain and Ireland. It occupies an area of 588 sq. km (277 sq. miles). Constitutionally it has never been part of the United Kingdom, but is rather a self-governing territory within the Commonwealth with a population of about 75,000 persons.
Tynwald, the Isle of Man parliament, is responsible for the Island's domestic affairs including taxation. Britain is responsible for the Island's defence and foreign affairs. The Island has a special relationship with the European Community: whilst it is associated with the EC the Island is excluded from the Community's fiscal harmonisation policy. The Isle of Man is a part of the UK VAT area and does impose VAT on goods and services. As such, an Isle of Man company may be registered for VAT and may therefore prove a suitable vehicle for international trade with other member states of the European Union.
The Isle of Man law is closely based on English common law and the decisions of the courts in England are regarded as being persuasive in the Manx courts.
Licensed by the Financial Supervision Commission of the Isle of Man.