About the Isle of Man
The Isle of Man is an English speaking country which lies in the Irish Sea between Britain and Ireland. It occupies an area of 588 sq. km (277 sq. miles). Constitutionally it has never been part of the United Kingdom, but is rather a self-governing territory within the Commonwealth with a population of about 75,000 persons.
Tynwald, the Isle of Man parliament, is responsible for the Island’s domestic affairs including taxation. Britain is responsible for the Island’s defence and foreign affairs. The Island has a special relationship with the European Community: whilst it is associated with the EC the Island is excluded from the Community’s fiscal harmonisation policy. The Isle of Man is a part of the UK VAT area and does impose VAT on goods and services. As such, an Isle of Man company may be registered for VAT and may therefore prove a suitable vehicle for international trade with other member states of the European Union.
The Isle of Man law is closely based on English common law and the decisions of the courts in England are regarded as being persuasive in the Manx courts.
Licensed by the Financial Supervision Commission of the Isle of Man.