Does Companies House cover Isle of Man?

The Isle of Man Companies Registry is the Isle of Man equivalent of Companies House in the United Kingdom. Within the registry, there are eight distinct registries, each with their own legislation, feeds and statutory filing obligations.

What is an IOM company?

The Institute of Occupational Medicine (“IOM”) is registered in Scotland as a charity and as a company limited by guarantee. IOM has a wholly owned UK subsidiary company, IOM Consulting Limited. IOM Consulting provides a range of consultancy services to the public and private sector.

How do I set up a ltd company Isle of Man?

Isle of Man company registration requires a registered office to be maintained on the island; A licensed, professionally qualified registered agent is required, rather than a company secretary. The registered agent must hold an appropriate license issued by the Isle of Man Financial Supervision Commission.

How much to register a company in the Isle of Man?

Isle of Man company incorporation costs in Year 1 amount to £4,540 and annual company costs in Year 2 and thereafter amount to £2,200. The average total fees per Isle of Man engagement amounts to £12,970, including company incorporation, company secretary, corporate bank account, and legal registered office.

Do Isle of Man companies have to file accounts?

Accounting and Financial Statements There are no requirements in the Isle of Man to file annual financial statements. Yearly profit and loss statements, balance statements and directors’ reports must be prepared and kept at the registered office despite there being no need to file these documents.

Can I register a company in the Isle of Man?

An Isle of Man Company Formation can be formed with a single Director and Shareholder, also known as a one man company. The Shareholder is required to hold a minimum of one share, however the share does not need to have any value. The Director and Shareholder do not need to be resident in the Isle of Man.

What is IOM registry?

Companies Registry maintains the register and records of all companies and other business types incorporated in the Isle of Man, and provides a facility for the public to view documents which have been filed.

Can anyone set up a company in Isle of Man?

Why register a company in the Isle of Man?

The benefits of incorporating a company in the Isle of Man include 0% corporation tax for most companies, excluding the insurance and banking industries and income from local real estate, and no capital gains tax, withholding tax, inheritance tax or stamp duty land tax.

Can a UK resident be a director of an Isle of Man company?

The minimum number of directors is two. Directors do not need to be resident in the Isle of Man. A company secretary is required. The secretary does not need to be resident in the Isle of Man.

Is the Isle of Man a tax haven?

The Isle of Man is a well-known tax haven and is a self-governing territory that is part of the British Crown but enjoys separate autonomy and is known for its well-established finance and offshore banking sectors.

Can I move my company to Isle of Man?

You may only have 1 or 2 employees relocating to start with, but it’s still worth considering your long-term employment needs. You may need to provide residential accommodation for any existing employees who are happy to relocate to the Island, even on a temporary basis.