Isle of Man companies are straight forward with minimum filing and statutory requirements
The companies used for international tax planning purposes can be
- Limited by shares
- Limited by guarantee
- Limited by shares and guarantee
- Unlimited without shares
- Unlimited with shares
Advantages
- Common law (case by case)
- English Language
Disadvantages
- Accounting records must be kept
Characteristics
- No need for authorised share capital or capital maintenance requirements
- Ability to transfer domicile, re-register, merger and consolidate
- Single director physical person from anywhere in the world and legal person if holds fiduciary license or authorised locally to act
- Singe shareholder, physical person
- Registered, locally licensed agent is required
- Registered address is required
- Applicable Law (2006 Companies Act and Isle of Man Companies Act 1931 -2004)
Incorporation Pack
- Incorporation Certificate
- Memorandum of Association
The Island (Wikipedia)