Incorporate in Isle Of Man
Set up an Isle of Man company limited by shares
The Isle of Man is a high-reputable international finance and international business center due to its political stability, business-friendly policies and an attractive fiscal and regulatory environment.
Companies incorporated in the Isle of Man are subject to corporate income tax at a 0% rate. A 10% tax rate for companies engaged in the financial services business and Isle of Man’s property transactions.
Dividend distributions, royalties, and interests paid to non-Manx residents are subject to withholding tax at the rate of 0%.
The Isle of Man is a signatory to the Paris Convention on Patents and Trademarks, making the Isle of Man limited company an interesting vehicle to hold intellectual property.
The Isle of Man has also enacted legislation for businesses dealing with cryptocurrencies. The Designated Business (Registration and Oversight) Act 2015 regulates cryptocurrency businesses, such as exchanges, and requires them to register with the Isle of Man Financial Supervision Commission and comply with Anti-Money Laundering and Countering Terrorist Financing legislation and the Proceeds of Crime Act 2008.
The country has also a strong E-Gaming industry, due to its gaming license simple application process, low betting duties, its extensive cluster of services providers/advisors with experience in the industry and its supportive legislation.
All in all, an Isle of Man company is an excellent vehicle for movable and immovable assets holding, investments companies and SPVs, and e-gaming.
Isle Of Man Limited Company (2006 Act) Formation and First-Year Fees – USD 5,200.00 (All included)
Note that our incorporation and annual fees are all “all-included fees”, and cover all the required services, duties, disbursements, and procedures to incorporate an Isle Of Man company, and keep it in good standing.
- All applicable Registration and Government Fees
- Providing Certificate of Incorporation issued by Registrar of Companies
- Preparing and filing the Memorandum of Association and the Articles of Association with the Registrar
- Appointment of First Director(s)
- Preparing the Director(s) Acceptance Letter
- Preparing the First Board Resolution resolving the Issuance of Shares and Shares Certificates, Appointment of Directors, Registered Office, etc.
- Preparing the Register of Members, and the Register of Directors
- Preparing the Share Certificates
- Preparing and Executing the Certificate of Incumbency
- Registered Office Services for one year
- Registered Agent Services for one year
- Delivery of Certified Copies of Corporate Documents, inclusive of Courier Fees
Time to form the company
It generally takes us one day to prepare and file the M&AA and the related corporate documentation, and 1 to 2 business days for the Registrar to issue and release the Certificate of Incorporation, and the stamped M&AA.
Bank Account Opening Services (Optional)
We assist you in opening a bank account in Isle of Man.
Isle of Man Bank Account - USD $ 1,200.00Isle of Man Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsNedbankcase-by-caseYesMulticurrencyYesAn Isle Of Man Resident Director/Resident Agent as signatory is generally required.HSBCcase-by-caseYesMulticurrencyYesAn Isle Of Man Resident Director/Resident Agent as signatory is generally required.Lloydscase-by-caseYesMulticurrencyYesAn Isle Of Man Resident Director/Resident Agent as signatory is generally required.Barclayscase-by-caseYesMulticurrencyYesAn Isle Of Man Resident Director/Resident Agent as signatory is generally required.Cayman Nationalcase-by-caseYesMulticurrencyYesAn Isle Of Man Resident Director/Resident Agent as signatory is generally required.Capital International BankN/ANoUSD, EUR, GBPYes
Note that we can also open overseas bank accounts for Isle of Man companies in the following offshore jurisdictions:
Antigua Bank Account - USD $ 300.00Antigua Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsGlobal Bank of CommerceUSD 25,000YesUSD, EUR, GBPYesDBankUSD 10,000YesUSD, EURYesIn euros DBank processes only via SEPA. In dollars at the moment only with correspondents in the US, through FEDWIRE (not ACH at the moment).North International BankUSD 5,000YesUSD, EURYes
Bahamas Bank Account - USD $ 500.00Bahamas Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsDeltecUSD 1,000,000NoMulticurrencyYesEFG BankUSD 1,000,000YesMulticurrencyYesRemote account opening is possible but the bank will visit the client within first year after opening.Capital Union BankUSD 1,000,000NoUSDYesFamily Offices, Fund Managers and Asset Managers only
Belize Bank Account - USD $ 300.00Belize Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCaye BankUSD 1,000YesUSD, EUR, GBP, CAD, CHF, AUD, AED, CNY, SEK, NOKYesHeritage BankUSD 3,000YesMulticurrencyYesBelize Bank InternationalUSD 4,000YesEUR, GBP, USDYes
BVI Bank Account - USD $ 900.00BVI Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsVP BankUSD 500,000NoMulticurrencyYesVP Bank offers services to local BVI residents as well as international clients who have BVI companies, trusts or fund structures. It is primarily focused on financing, investment management, custodial and securities trading accountsBank of AsiaUSD 20,000NoUSD, GBP, HKDYes
Cayman Islands Bank Account - USD $ 900.00Cayman Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCayman National BankUSD 250,000YesUSD, EUR, GBP, CAD, AUD, JPY, SEK, CHFYesNCB Cayman LimitedUSD 100,000YesUSD, EUR, CAD, GBP, AUD, MulticurrencyYes
Cook Islands Bank Account - USD $ 600.00Cook Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCapital Security BankUSD 250,000YesUSD, EUR, GBP, CAD, NZD, AUD, SGD, HKDYesClients can have a corporate account for operational purposes only if they open an investment account as well.
Curaçao Bank Account - USD $ 500.00Curaçao Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsExprinter International Bank N.V.USD 100,000YesMulticurrencyYes
Dominica Bank Account - USD $ 300.00Dominica Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsEqiBankUSD 15,000YesUSD, EUR, GBPYesKingdom BankN/ANoEUR, USDYesSWIFT transactions are carried out only through a pool account in the name of the bank.
EMI Bank Account - USD $ 300.00EMI Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsUK EMI AccountN/AYesMulticurrencyYesCards are subject to jurisdictions.Singapore EMI AccountN/AYesSGD, USDYesOnly companies incorporated in APAC jurisdictions.Lithuania EMI AccountN/ANoMulticurrencyYesKazakhstan EMI AccountDepending on category.NoMulticurrencyYesCanada EMI AccountN/ANoEURYesMalta EMI AccountN/ANoEURYes
Gibraltar Bank Account - USD $ 1,200.00Gibraltar Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsTuricum Private BankUSD 200,000NoUSD, EUR, GBPYesMoneycorp Bank Limitedcase-by-caseNoMulticurrencyYes
Hong Kong Bank Account - USD $ 1,400.00Hong Kong Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsDBS BankHKD 200,000YesHKD, USD, MulticurrencyYesA business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.
Labuan Bank Account - USD $ 500.00Labuan Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank IslamUSD 10,000NoUSD, JPY, SGD, EUR, GBPYesMayBank International Labuan BranchUSD 25,000NoUSD, EUR, CAD, CHF, GBP, HKD, SGD, JPY, THB, AEDYesThey focus more on Labuan incorporated entities.CitibankUSD 250,000NoMulticurrencyYes
Liechtenstein Bank Account - USD $ 1,200.00Liechtenstein Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBendura BankUSD 500,000NoMulticurrencyYesEvery active NFE needs to have a substance.
Luxembourg Bank Account - USD $ 1,200.00Luxembourg Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsEast West United BankN/AYesUSD, EUR, GBP, RUB, CHFYesCompanies conducting commercial activities are expected to conduct at least 30 incoming / outgoing transactions per month.
Mauritius Bank Account - USD $ 600.00Mauritius Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank OneUSD 50,000YesMulticurrencyYesInvestecUSD 50,000YesMulticurrencyYes
Nevis Bank Account - USD $ 300.00Nevis Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBONIUSD 10,000NoUSD, EUR, GBP, Multicurrency, CHF, CADYesHamilton Reserve BankUSD 100,000NoUSD, EUR, GBP, CHF, AUD, CAD, AED, JPY, SGD, HKDYesIMBLUSD 25,000NoMulticurrencyYes
Panama Bank Account - USD $ 1,200.00Panama Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsMMG BankUSD 10,000YesUSD, EUR, CHF, GBP, CADYesCredicorpUSD 50,000YesUSD, EURYesCapital BankUSD 20,000YesUSDYes
Puerto Rico Bank Account - USD $ 300.00Puerto Rico Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsStrategic BankUSD 150,000NoUSDYesArival BankN/ANoUSDYesCB International Bank LLCN/AYesMulticurrencyYesUnionpay Merchant service for clients
Saint Lucia Bank Account - USD $ 300.00Saint Lucia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPROVEN BANK (Former BOSLIL)USD 5,000YesUSD, EUR, GBP, HKD, Multicurrency, CAD, CHF, AED, AUD, NZD, NOK, SEK, THB, JPY, ZARYes
Seychelles Bank Account - USD $ 500.00Seychelles Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsAl SalamUSD 25,000YesUSDYesInternet banking is in view mode only, all transactions are carried out via email or by phone.
Singapore Bank Account - USD $ 900.00Singapore Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsOCBC BankUSD 30,000YesUSD, SGD, AUD, CAD, HKD, NZD, GBP, EUR, JPY, CHFYesNexus in the form of client/supplier/partner/contractor in Singapore required.RHBSGD/USD 30,000NoMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.DBS BankSGD 250,000YesMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.UOB BankSGD 250,000YesMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.Credit SuisseUSD 3,000,000NoUSD, SGDYesBank of ChinaSGD 100,000NoUSD, SGD, EUR, GBP, NZD, RMB, AUD, JPY, HKD, CHF, CADYesNexus in the form of client/supplier/partner/contractor in Singapore required.
Switzerland Bank Account - USD $ 1,200.00Switzerland Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsmbaerCHF 5,000NoMulticurrencyYesCompanies must have an expected turnover of at least CHF 3,000,000SygnumCHF 3,000,000NoMulticurrencyYesDeposit must be maintained in crypto assets held through the bank's custody services.Credit SuisseCHF 1,000,000YesMulticurrencyYes
USA Bank Account - USD $ 1,400.00USA Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsUSA Bank AccountUSD 5,000YesUSDYesThe company should trade in Asia and the USA.USA Bank AccountTypically USD 25,000 - USD 50,000, for high risk USD 500,000YesUSDYesAt least one US based signatory is required. Purpose to open an account in US is required.USA Bank AccountCase by case (from 10,000 but preferred 250K-300K)YesUSD, MulticurrencyYesThey tend to focus more on technology/startup companies that are focused on growing and scaling through future equity raises and subsequent debt facilities.
Vanuatu Bank Account - USD $ 500.00Vanuatu Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPacific Private BankUSD 1,500NoEUR, GBP, USDYesOutgoing USD transactions cannot be facilitated.
Our bank account opening service is not just a mere introduction to the bank. We assist you in filling out the business plan forms appropriately and help you understand and provide business details, commercial information, and purpose/use of the bank account that a given bank wants to know in order to approve your account application.
Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.
Isle Of Man Company Annual Fees – USD 4,740.00 (payable one year after incorporation, and annually thereafter)
- Providing Registered Office Services, including business address, for one year
- Providing Registered Agent Services for one year
- Preparing and filing the Annual Return with the Companies Registry
- Companies Registry Annual Return filing fee
- Preparing and filing a Tax Return with the Income Tax Division
- Maintaining Statutory Registers, including the register of directors, register of members and the company minute book
Other Services (Optional)
- Establishment of Foundations, Trusts, and provision of Trustee Services
- Local Director Services
- Secretarial Services
- Accounting Services
Please, contact us for further information.