Isle of man business taxation and offshore information isle of man not in eu fiscal area the isle of man is an english speaking dependency of the british crown but has never formed part of the united kingdom. Non manx source income is free of tax and there are no withholding taxes so that non resident investors will receive income and capital returns without deduction as in other offshore jurisdictions managers in the isle of man are more focused on administration than asset allocation. Isle of man companies are sometimes referred to as offshore companies in the wider world in fact that is a misnomer because unlike many offshore centres there is no difference at all in the isle of man between domestic companies and our international ones. Offshore trusts report isle of man uses clients and tax treatment trust management particularly for wealthy uk individuals has been a traditional business for the isle of man successive tightenings of uk anti avoidance legislation have reduced the possibilities for uk citizens but trust work continues to be significant and as in a number of other jurisdictions many collective . Isle of man tax saving guide by nick braun phd this unique tax guide tells you everything you need to know about paying less tax by moving to the isle of man the isle of man has some of the lowest tax rates in europe and the manx government welcomes entrepreneurs skilled individuals and retirees with open arms
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