Company Registrations In Isle of Man

The Isle of Man is a small island in the Irish Sea, located between Great Britain and Ireland. It is a British Crown dependency but is not part of the United Kingdom or the European Union. The UK government are however constitutionally responsible for its defence and international representations. With a 0% corporate income tax, the Isle of Man is well regulated and has become a hub for offshore banking and manufacturing. Tourism is also a key sector of its economy. Licensehub.in can provide you with a professional company formation service, allowing you to quickly and easily incorporate a company in the Isle of Man.

Setting up a company in the Isle of Man – what are the main features/ requirements?

FEATURES

The Isle of Man is not a full member of the European Union but has associate status.
This allows free trade with the rest of the European community but traders have no liability for financial contributions or eligibility for EU grants
The Isle of Man can be an ideal location to register a trading company that requires a genuine EU VAT number but which also wants full corporate tax exemption.
The Isle of Man is a ‘Common Law’ jurisdiction

REQUIREMENTS

The company needs only one director and one shareholder
There is no requirement for resident directors or shareholders
There is no minimum capital requirement
There is no requirement for directors or shareholders to attend meetings in the Isle of Man.
A registered address and agent based in the Isle of Man is needed for every Isle of Man company.
Bank reference letters for the directors and shareholders may be required.

*The Isle of Man is a relativity heavily regulated jurisdiction, all due diligence requirements must be strictly met in order to proceed with a company formation in the Isle of Man. Contact us for a free due diligence review and consultation*

There are five types of company available:

Limited by Shares: The most popular type of trading company formed today with the liability of its members limited to the amount unpaid on shares they hold.

Limited by Guarantee: Companies limited by guarantee have no predetermined capital and thus no shares. Members’ liability is limited to the amount they have agreed to contribute to the company’s assets if it is wound up.

Limited by Guarantee and having a Share Capital: This type of company combines the features of both companies limited by shares and companies limited by guarantee.

Unlimited Liability Company : This form of company has a share capital in exactly the same way as a company limited by shares, but there is no limit to the liability of members.

A public limited company (PLC) may offer its shares or debentures for sale to the general public and must annually deliver audited accounts to the Companies Registry. A private company may not offer shares or debentures to the public and it is not required to deliver audited accounts to the Companies Registry.

Banking in the Isle of Man:

Banking in the Isle of Man is relatively easy and straightforward.

In order to open a corporate bank account for your Isle of Man company, a face to face meeting with the bank may be required. Some of the corporate account features include:

Internet banking/remote access
Multi currency accounts
Debit/credit cards
Low transaction fees

Speak with us today to see how we can open a Isle of Man bank account for your Isle of Man company.

Accounting in the Isle of Man:

Accounting and bookkeeping are an essential part of any new business. Licensehub.in can provide you with a tailor made accountancy/bookkeeping package to keep your Isle of Man company compliant and in good standing with the authorities. We will be happy to work out the best solution for your Isle of Man company. Contact us today to arrange a free consultation.

Additional services

Licensehub.in can assist you in setting up a company in Isle of Man, as well as a whole range of professional services which include:

Registered/virtual office services in Isle of Man
bank account introduction
Accounting/payroll services in Isle of Man
Licencing requirements in Isle of Man
Warehouse/premises identification in Isle of Man

Please contact us for more information on setting up a company with Licensehub.in, in the Isle of Man.

What We Offer

Packages & Pricing

/month

6499

Starter Package

Basic

Company Availability

Name Approval

GCertificate of Incorporation

Market Growth Solution

PAN and TAN

2 DSC, 2 DIN

MSME / UdyogAadhar

Share Certificate

GST

Trademark

Website

Chat/ Email/ Phone

Buy This

/month

10000

Starter Package

Standard

Company Availability

Name Approval

GCertificate of Incorporation

Market Growth Solution

PAN and TAN

2 DSC, 2 DIN

MSME / UdyogAadhar

Share Certificate

GST

Trademark

Website

Chat/ Email/ Phone

Buy This

/month

19999

Starter Package

premium

Company Availability

Name Approval

GCertificate of Incorporation

Market Growth Solution

PAN and TAN

2 DSC, 2 DIN

MSME / UdyogAadhar

Share Certificate

GST

Trademark

Website

Chat/ Email/ Phone

Buy This

FAQs For Private Limited Company Registration

The name should be unique, catchy and it must have a related meaning to you. the name of Company should also relate business Activity of the Company, however, any name may be prefer for register of a Private Limited Company subject to propose name has not already been taken by someone else. It may note that the name of the Company must also be legal as per the provisions of the Companies Act, 2013 and rules made thereunder.

Yes, It is mandatory to have at least two Directors and two members (both can be same) to register Private Limited Company in India. One Director must be resident of India.

It is not entirely correct, although there is no government fee to register a Private Company but there is always required to pay stamp duty to register a Company in India which vary from state to state.

Director identification number (DIN) is unique identification number allotted by registrar of Companies (ROC) to the person willing to be Director of a Company. Digital Signature Certificate (DSC) is a digital sign which are required to signed forms to be filed with MCA or ROC.

No, you are not required to have a proper office since a Company can be register at your residential address, it only required an address proof like utility bill, gas bill, telephone bill or water bill.

Kindly call us or fill the contact us form with your basic details or talk to our executive through online chat option.