Find out the answer to one of our most frequently asked questions.
Find out the answer to one of our most frequently asked questions.
In 2006 the Isle of Man introduced a new form of company which was more suited to its international clientele. This form of company exists in parallel with the more traditional companies which can be formed, similar to UK or Irish law, giving business a choice regarding how their corporate vehicle may be governed.
Although the use and benefits of a Trust are well respected in the USA and UK, in civil law jurisdictions (such a France or Germany) this is not always the case and so the benefits derived from this type of entity are not available. In these circumstances a Foundation may provide the answer.
Whilst many clients employ staff in a private office to take care of their personal affairs or lifestyle they will at some time turn to a Corporate Service Provider (CSP) for support, here we set out the most common reasons for doing so.
Economic substance is a phrase often used but why is it so important and what does it mean for companies based in the Isle of Man?