Sovereign’s Isle of Man office specialises in setting up and managing companies, trusts, foundations, and partnerships for a highly international client base. We also support white-label services for professional intermediaries. Licensed and regulated by the Isle of Man Financial Services Authority, we combine strong local expertise with global outreach, to provide reliable, compliant solutions for expediting business and structuring wealth worldwide.

• 0% is the standard rate of corporation tax for all resident and non-resident Isle of Man companies.
• The top rate of personal income tax is 22%, capped at a maximum of £220,000 per year.
• There is no capital gains tax, inheritance tax, wealth tax or stamp duty, and no withholding tax on dividends.
• No tax is levied on trusts with non-Isle of Man resident settlors or beneficiaries.
• Part of UK VAT area, which can be highly beneficial for clients with UK tax points or for businesses and individuals with economic activities in the EU.
• Legal system based on English common law and closely follows English Court precedents.
• Part of the UK banking system, enabling same-day processing of inbound and outbound payments at nominal cost.
• Provides for a wide range of traditional and non-traditional corporate vehicles.
• At the forefront of best practice in trusts and has also legislated for foundations as an alternative wealth management structure.
• OECD ‘whitelisted’ as complying with global standard for tax co-operation and exchange of information.
• Expanding network of Double Taxation Agreements (DTAs).
• Excellent banking, legal and accounting services capacity, with highly competitive costs
• UK time zone and postal services allow for next day delivery of mail to/from the UK.

Isle of Man entities can be used for all types of business – holding and trading companies, estate and succession planning, family office, funds, local and international property holding, and insurance.  We assist clients to set up structures, supply registered office and company secretarial services, and then provide ongoing administrative support to ensure your business remains operationally efficient and legally compliant. This can include accountancy, pensions, obtaining local licences and permits, executive relocation and specialist tax advice.

An established centre of excellence for international retirement benefit plans, the Isle of Man specialises in all aspects of international pension planning, from large multinationals to individual clients. It also offers a tax neutral environment in which the assets of a scheme can grow free of taxation and, on drawdown, are paid to scheme members gross.

Sovereign Pensions offers a full range of multi-member retirement benefit solutions from the Isle of Man, including two Qualifying Recognised Overseas Pension Scheme (QROPS), a Qualifying Non-UK Pension Schemes (QNUPS).

The Island’s pensions regulations are robust but highly flexible, allowing corporate clients the freedom to tailor international retirement solutions to the diverse demands of their international operations. All plans can be tailored to fulfil the objectives of the scheme sponsors and members.