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Coddan CPM Ltd. – Company Registration Agent in the UK
Home Incorporate in Offshore Isle of Man 2006 Act Company Formation Register a Company in Isle of Man and Open Bank Account

Register a Company in Isle of Man and Open Bank Account

Register a company in Isle of Man and open bank account

IOM Company Formation With Bank Account

IOM company formation with bank account: setting up an overseas company is a good way to reduce financial costs and minimise burdensome regulation, and thanks to the advice and expertise of corporate services specialists like Coddan, the process is easier than ever.

One of the most popular jurisdictions in which to set up an offshore company is the Isle of Man. Situated between the UK and Ireland, this location offers a business-friendly environment, with low rates of personal taxation, a stable and secure legal environment and fast registration procedures.

When setting up an Isle of Man-based company, many people opt to form what is known as a 2006 Act Company, which offers many advantages, including streamlined legal and administrative requirements, zero-rate corporation tax, and considerable flexibility in structure and composition.

When incorporating a 2006 Act Company, you may also wish to open a business bank account in the Isle of Man; however, this can be difficult. Local banks are often reluctant to offer business banking to offshore companies due to concerns about dubious practices such as money laundering, which can make it particularly hard for those without local knowledge to get access to the business banking services they need.

Fortunately, Coddan can help. If you would like to set up an Isle of Man bank account for your 2006 Act Company, get in touch with us.

Our expertise has helped business people from all sectors to manage their corporate affairs, and we can guide you through the process of setting up an Isle of Man bank account for your 2006 Act Company, helping you to avoid the pitfalls, and to get your company up and running with the minimum of fuss and complication.