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Isle of Man Company Formation


Type of Entity: Limited Liability Company (LLC)
Type of law: the Isle of Man Companies Act 2006
Shelf company availability: Yes
Incorporation time frame: 1 – 5 business days
Minimum Government fees: £190 (EUR230)
Regular Corporate Income Tax: 0%
Double Tax Treaty access: Yes
Minimum issued share capital 1£ ( but the usual authorised is £2,000 (EUR 2,400))
Minimum paid up share capital on incorporation £1
Minimum number of Shareholders required One
Bearer Shares No
Nominee Shareholders Permitted Yes
Minimum number of directors One
Corporate directors permitted Yes (subject to restrictions)
Local directors required No (can be any nationality and can reside anywhere in the world)
Local meeting required No
Company secretary required No
General Meetings of Shareholders Yes, (It is mandatory to hold general meetings)
Local Registered office required Yes (it is a mandatory)
Exchange Control No
Disclosure of beneficial owner to Company Registrar Yes (the natural person or persons who ultimately own or control the company subject to registration in the trade register by the direct or indirect exercise of ownership over a sufficient percentage of the number of shares or voting rights or by participation in the company’s equity respectively)
Government register of directors Yes (inIsle of Man Companies Registry )
Annual return Yes
Submission of accounts No
Audit No
Change of domicile permited Yes

We do our best to monitor the compliance of this jurisdiction with the latest international regulations set by OECD and other international institutions and countries.

At any moment, Damalion may decline any customer demand about this jurisdiction, at its sole discretion and without any obligation to provide any reason.

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