Formation de Sociétés à Île de Man

 

Isle of Man corporate structure

Legal basis - Common law

Legal framework - Companies Act 2006

Company form - Private company limited by shares (LTD)

Responsibility - The shareholders' liability for the company is limited to the amount of their respective shareholdings.

Economic substance - Companies carrying out relevant activities such as fund management, banking, insurance, financing and leasing, distribution and service center activities, head office activities, intellectual property activities , maritime transport and holding company activities - are required to meet the requirements of economic substance:

  • carry out its main income-generating activities on the Isle of Man (which are defined in law).
  • be directed and managed from the Isle of Man.
  • have an adequate amount of operating expenses incurred within or from the Isle of Man.
  • have an adequate physical presence (including maintaining an establishment or factory, tangible capital) on the islands.
  • have a sufficient number of full-time staff or other appropriately qualified staff on the islands.

Holding companies that only hold interests in other entities and earn only dividends and capital gains will be subject to a reduced economic substance test - they must have met all applicable filing requirements and must have adequate human resources and adequate premises on the islands for the holding and management of equity participations.

With regard to intellectual property holding companies - companies that exploit intellectual property rights and:

  • have not created such an IP address
  • have acquired the intellectual property of a company of the same group structure or of a third party which has carried out research and development activities outside the Isle of Man and grants the intellectual property to one or more companies of the same group

or does not conduct research and development, branding or distribution as part of its basic income generating activities in the Isle of Man - are considered high risk intellectual property businesses and may be subject improved testing of substance requirements.

Share capital - It is not necessary to establish an authorized share capital, the capital can be denominated in any currency and the shares can be with or without par value. The shares can be issued in ordinary, redeemable or convertible form, with preferential rights or without voting rights. Bearer shares are not permitted.

Shareholders - Isle of Man companies can be formed by one or more shareholders, which can be natural or legal persons, residents or non-residents, without limitation. Contact details of shareholders may not be publicly available. Nominee shareholders are authorized.

Administrators - At least one director, who can be a natural person or a company. If a director is a corporation, he or she must hold the appropriate fiduciary license granted by the Financial Services Committee. The contact details of the directors are available in the public register.

Secretary - There is no legal obligation to have a company secretary, and it can be an individual or a company, resident or non-resident.

Registered address - Companies must have a registered office address in the Isle of Man and must have a registered agent, who holds the appropriate fiduciary license granted by the Financial Services Committee.

General assembly - Annual general meetings are not compulsory. However, if meetings do take place, they can be anywhere in the world and it can be done by proxy.

Electronic signature - authorized.

Re-domiciliation - Incoming and outgoing redomiciliation is authorized.

Conformity - Limited liability companies incorporated under the Companies Act 2006 are required to keep accounting records and prepare financial statements for at least 6 years, which can be kept anywhere in the world and in any currency.

Limited companies are required to file an income tax return and an annual return each year, and pay the annual filing fee, but they are not required to file their financial statements or audit the accounts.

Shareholders have the right to demand the production of formal accounts and also to demand an audit.

 

Key figures of Isle of Man companies

Official nameIsle of man
Proper nounEllan Vannin (gv); Isle of Man
ContinentEurope
SubcontinentEurope (outside the European Union)
Population82,619 inhabitants (2019)
Population growth-0.28 % / year
Area579 km²
Density142.69 inhabitants / km²
GDP6.593 billion $USD (2016)
GDP / capita79,156 $USD (2016)
GDP growth7.40 % / year (2016)
Life expectancy81.20 years (2016)
Birth-rate10.96 ‰ (2016)
Fertility rate1.93 children / woman (2016)
Mortality rate10.10 ‰ (2016)
Child mortality rate4.10 ‰ (2016)
Literacy rate100,00 % (2019)
Official languagesEnglish, Mannois
ChangePound sterling (£ GBP); Manx pound (£ IMP)
HDI0,849 / 1 (2010)
IPEnc
Nature of StateBritish Crown Dependency
Head of stateLord of Mann Elizabeth II; Lieutenant Governor Richard Gozney
National HolidayJuly 5 (Tynwald since 979)
Codes ISOIM, IMN
NiceMannoise, Mannois
Tourists292,331 people (2016)

Formation de Sociétés à l'Île de Man

The island of Man is located in the Irish Sea, in the center of the British Isles, equidistant from the coasts of Ireland, England and Scotland. It is a territory made up of a main island and a few islets.

 

Formation de Sociétés à l'Île de Man

 

The Isle of Man forms a dependency of the British Crown, i.e. the island does not belong to the United Kingdom or the European Union but is directly owned by the British sovereign, currently the Queen Elisabeth ii, who acts as "Lord of Man". This status does not make it a recognized independent state, but the island has a large political and economic autonomy.

 

Isle of Man Corporate Taxation

Corporate tax rate (IS)

Global CIT rate (%)Company: 0;

Banks: 10;

Real estate income: 20

Corporate tax (IS) due dates

CIT return deadlineOne year and one day after the end of an accounting period.
CIT final payment due dateOne year and one day after the end of an accounting period.
Estimated due dates for CIT paymentsN / A

Personal income tax rate (PPI)

Global PIT rate (%)20

Personal income tax (PIT) due dates

PIT return due dateOctober 6
PIT final payment due dateJanuary 6
Estimated PIT Payment Due DatesMonthly

Value added tax (VAT) rate

Standard VAT rate (%)20

Withholding tax rate (WHT)

WHT rate (%) (Div / Int / Roy)0

Capital gains tax rate (CGT)

Corporate capital gains tax rate (%)N / A
Tax rate for individual capital gains (%)N / A

Wealth / Equity Tax Rate

Global wealth / equity tax rate (%)N / A

Rate of inheritance and gift tax

Rate of inheritance tax (%)N / A
Gift tax rate (%)N / A

 

NA means Not Applicable (that is, the territory does not have the stated tax or requirement) NP means Not Provided (that is, the information is not currently provided in this graph )