The Isle of Man is an established international finance centre. It benefits from a secure base built on political stability, low taxation and a firmly established fiscal and regulatory environment independent of the UK. The island is fully supported by a modern infrastructure and an experienced professional services sector.
Political Stability
As a self-governing British Crown Dependency the Isle of Man is not part of the United Kingdom but is within the British Isles. HM Queen Elizabeth II, is Lord of Man and Head of State. The UK Government, on behalf of the Crown, is responsible for the Isle of Man’s international relations but recognises that the Island has its own distinct identity and interests in the international arena.
At the heart of the Island’s political and legislative independence is its parliament, Tynwald, which was established more than one thousand years ago and is believed to be the world’s oldest parliamentary assembly in continuous existence.
The Isle of Man has a special and limited relationship with the European Union, under an agreement known as ‘Protocol 3’. This allows free trade in agricultural products between the Island and EU members. Apart from matters relating to the agreement, including Customs, the Island is not bound by EU laws and it pays nothing to, and receives nothing from, EU funds.
Economic Stability
The Isle of Man has benefited from prelonged economic growth for more than a quarter of a century, led by the financial and professional services sectors.
The Island offers a strong base from which we are able to offer our clients a range of complementary international services.