Cyprus strengthens ‘Citizenship by Investment’ Programme
The Council of Ministers in Cyprus announced
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
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Sovereign Trust (Gibraltar) Limited
Tel: +350 200 76173