Political Stability

The Island’s supreme legislative assembly, Tynwald, was established over one thousand years ago. The Parliament survives to this day as the oldest continuous democratic government in the world. The UK Government does not legislate for the Isle of Man except with the specific consent of the Island’s Government. Tynwald makes its own laws and oversees internal administration and fiscal and social policies. The Isle of Man is an independent, self-governing dependency of the Crown with a large degree of autonomy.

Special European Union Relationship

The Isle of Man is not part of the European Union, but enjoys a special relationship established by Protocol 3 to the United Kingdom’s Treaty of Accession. The protocol enables the Island to trade goods freely with European Union countries.Whilst having political and fiscal independence.

Regulation

The Isle of Man Government operates a strict regulatory regime through the Financial Supervision Commission. The Commission protects the interests of investors and supervises all banks, investment businesses, collective investment schemes and building societies carrying on business in the Island.

Taxation

The Isle of Man is well known for its sympathetic tax regime. There is low corporate and personal tax, no capital gains, inheritance or capital transfer tax. The Island enjoys total independence from the UK on matters of direct taxation.

Back to Isle of Man