UK immigration programmes and the taxation of non-UK domiciled individuals
The UK government has brought forward plans for two new visa routes to be introduced for skilled businesspeople in a…
WHY THE ISLE OF MAN?
- 0% corporation tax for Isle of Man companies
- No capital gains tax, inheritance tax and a top rate of 20% for individuals
- No tax levied on trusts with non-IOM resident settlors or beneficiaries
- Forms part of UK VAT area – a great advantage with commercial property structures
- Rapidly expanding tax treaty network for the avoidance of double taxation
- Part of UK banking system so payments in/out can be processed same day at nominal cost (bacs) avoiding international wiring fees
- UK time zone and postal services allow for next day delivery of mail to/from UK
- Excellent infrastructure in terms of banking, legal and accounting services
with costs at competitive levels in comparison to other jurisdictions
Time
The time zone is GMT.
Licence
Licensed by the Isle of Man Financial Services Authority.
Pensions
Pension plans are an important component of all wealth planning.
Immigration and Residency
UK immigration rules are extended to the Isle of Man
Additional Services
Additional service provided by Sovereign Trust (Isle of Man) Limited
UK consults on non-UK residents stamp duty surcharge
The UK government launched a consultation on the design of a 1% Stamp Duty Land Tax (SDLT) surcharge on non…
P&O Ferries changes flag of UK ships to Cyprus ahead of Brexit
Shipping firm P&O Ferries announced that it had decided to move the registration of the six vessels in its…
UK defers attempt to introduce public ownership registers in Crown Dependencies
The UK government was forced to withdraw the Financial Services (Implementation of Legislation) Bill after it was ‘hijacked’ by a…
Sovereign Trust (Gibraltar) Limited
Tel: +350 200 76173