When setting up a company using the legislation included in the Isle of Man 2006 Companies Act, you should consider whether you need a nominee director, if you want to ensure that you can benefit from the tax breaks offered and that your assets are protected.
Trust a financial and legal specialist like the team at Coddan to guide you through the process of setting up a company under the 2006 Act. You need a company director who is local to the business, and who can be named on legal documents as the responsible party. However, this could be someone who acts purely as a named party with no ties to the business.
The 2006 Act covers requirements for companies when it comes to registration, and this should be managed by a specialist to ensure that everything is properly filed and taken care of. You can arrange a consultation with Coddan to discuss your personal or corporate requirements and to request more information on running your offshore company.
The Isle of Man has proved an attractive location for holding company formation thanks to the 2006 Act, which creates prospects for new businesses and gives investors chance to preserve secure funds away from tax obligations.