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Home Incorporate in Offshore Isle of Man 2006 Act Company Formation Why to Establish a Company in the Isle of Man?

Why to Establish a Company in the Isle of Man?

Why to establish a company in the Isle of Man?

Register a 2006 Act Company in Manx

Business people across many sectors have long recognised the benefits of setting up their companies overseas, and one of the most popular locations for offshore company start-up is the Isle of Man.

Ideally situated between the UK and Ireland, this picturesque island has built up a strong reputation as a business-friendly jurisdiction, thanks to low-tax policies and a range of other factors, including effective accounting standards, a sophisticated framework of corporate law, a company registration service that is quick and efficient, and the stable, secure economic environment you associate with Europe.

When setting up a company in the Isle of Man, many people opt to form what is known as a 2006 Act Company. This kind of private company is named after the 2006 Act which was designed to offer a more flexible and competitive environment for people looking to form an overseas company.

A 2006 Act Company offers many advantages. It can be set up with just a single director, is not obliged to submit a regular financial statement, and unlike in the UK, is only required to provide a simple annual return.

If you are interested in company establishment in the Isle of Man, why not get in touch with the professionals at Coddan?

As one of the UK's leading providers of corporate services, our advice and expertise has helped guide business people from all sectors through the process of setting up offshore companies. So get in touch with Coddan today and see how our efficient service can help make setting up a company in the Isle of Man easy and hassle-free.