Company formation in Isle of Man
1931 Act or 2006 Act company
Legal minimum, year 1£1,680
Legal minimum, per year after£980
Typical year 1£3,580
Corporation tax0%Ease Banking
Every fee
Setting up
Government fee£100
About £100Corporate service provider formation£600 to 1,500
Required
Share capital£1
Time to form1 to 3 days
Running it, per year
Annual return£380
Required
Registered agent£600 to 1,500
Required
Accountant£0 to 2,000
Practically needed
Legal minimum after year 1£980
Audit: Exempt for small companiesForeign ownersNo resident director (2006 Act needs a licensed registered agent)Remote via a licensed corporate service provider
Tax0% for most companies (10% banking and large retail, 20% IoM property)Dividend withholding: 0%VAT/GST: 20% (same VAT territory as the UK)
BankingIoM and UK banks; easier than most offshore centres
A company managed from the UK is usually UK tax resident whatever the IoM rate.
SourcesIsle of Man company tax 2026
Questions
- How much does it cost to set up a company in Isle of Man?
- The legal minimum for the first year is £1,680, counting only what the law requires and doing every filing yourself. A typical first year, with an accountant, costs about £3,580. The government fee is £100 (About £100). Share capital is not included.
- How much does it cost per year to run a company in Isle of Man?
- The legal minimum after the first year is £980 a year. Running costs including optional and practically needed services range from £980 to 3,880. Audit: Exempt for small companies.
- Do I need a local director in Isle of Man?
- No. No resident director (2006 Act needs a licensed registered agent).
- Can a non-resident form a company in Isle of Man remotely?
- Yes. Remote via a licensed corporate service provider.
- What is the corporation tax rate in Isle of Man?
- 0% for most companies (10% banking and large retail, 20% IoM property). Dividend withholding: 0%. VAT/GST: 20% (same VAT territory as the UK).
- How long does it take to form a company in Isle of Man?
- 1 to 3 days.
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