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The place to do business

The funds industry plays a significant role in the success of our Island and offers opportunities both for our existing businesses and businesses looking to relocate to a dynamic and growing jurisdiction.

The Isle of Man is situated at the heart of the British Isles and is a self-governing dependent territory of the British Crown. It is not a part of the United Kingdom but is a member of the British Commonwealth.

Tynwald, the Island's 1,000 year old Parliament, makes its own laws and oversees all internal administration, fiscal and social policies. The Manx legal system is closely based on English law, but has been developed in certain areas to meet the Island's special circumstances, particularly with regard to taxation, company law, and financial supervision.

Specialist fund administration operations have been established, giving greater diversity to the Island's service offering to the promoters of offshore funds.

Changes to Isle of Man law allow for the incorporation of an Isle of Man company to act as an exempt manager to Isle of Man specialist funds, without having to be regulated in the Isle of Man. This exemption requires the support of an Isle of Man administrator and may be particularly attractive to start-up fund managers, family offices, multi-family offices and "onshore" fund managers who are looking to establish parallel operations outside of the European Union.

All this, combined with a first class telecommunication infrastructure and a great quality of life – the Isle of Man has recently been designated as a UNESCO world biosphere region – makes it easy to see why we think the Isle of Man is a great place to do business.

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