Isle of Man (IOM): Ready Made Shelf Company
Tax Status: Offshore Tax Haven with no tax on International Companies.
Advantages: Isle of Man company formation is a reputable solution. The island is a highly regarded jurisdiction due to stringent compliance laws.
2. If properly structured, Isle of Man company formation is an excellent way to book international profits without paying corporation tax.
Disadvantages: A minimum of two directors are required for Isle of Man company formation, one of whom must be an Isle of Man resident. Corporate directors are not permitted.
Directors and Shareholders: IOM Companies may have local or foreign Directors and Shareholders, although one Director must be a local resident. We have Personal and Corporate Nominee Directors and Shareholders available on a case by case basis only.
Banking: There is a selection of International Banks to choose from and account opening requirements are based on the Australian 100 point system. Our local Agents can assist with the application for a bank account.
Accounting Requirements: IOM companies need only pay an Annual Government Fee and maintain the minimum statutory records at the Registered Office. No Tax Return is required.
Annual Requirements: There is an annual fee payable for maintaining a IOM Company, plus costs for Registered Office / Agent, Nominee Directors and Shareholders.
Recommended Use: We recommend IOM as a place to set up an International Company and do business internationally, but not in IOM. As a traditional offshore jurisdiction, IOM is ideal for tax planning and legal tax avoidance structures.
Due Diligence: To comply with legal requirements in your jurisdiction of choice, before we can supply any ready-made ‘shelf’ or pre-incorporated Company, IBC or LLC to you, we will require identification of the beneficial owner such as passport copy and proof of address. Specific details will be provided upon application, depending on your full requirements.
DISCLAIMER: Please note that we do not give legal advice. We assist to incorporate and maintain companies, sell pre-existing or ready-made shelf companies and provide nominee directors and shareholders. We accept no responsibility or liability for the actions of those operating the companies that we sell. Liability and responsibility remains with the beneficial owner or end user of the company.