Isle of Man
Finance in Isle of Man
Isle of Man Business Experts
Recent forum posts
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Direct Access To A Safe & Secure BG/SBLC Platform
Dear Partner/Associate,We are accredited mandate to a renowned provider for bank instruments; BGs | SBLCs | LCs | DLCs ET AL for lease and sale, Issuance by HSBC Bank Oman, Barclays Bank London , Deutsche Bank, BNP Paribas, & AAA Rated Banks in Europe, Middle East or USA.Our BG/SBLC Financing can help you get your project funded, LOAN financing by providing you with yearly renewable leased
Total Posts: 1 Last post by cynassets
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Business and Real Estate Funding Via Bank Guarantee
Dear Partner & Associate,I am the mandate of a genuine and efficient provider for Fresh Cut Bank Guarantee (BG’/SBLC/BD) For credit enhancement, collateral, or to place into trade and commitment to purchase or a standby loan.Whether you are new starting up, medium or large establishment that needs a financial solution to fund/get your project started or an established business looking for
Total Posts: 1 Last post by cynassets
Financing a Business on the Isle of Man
There are a number of government and tax financial incentives for small to medium UK businesses looking to invest in the Isle of Man.
Tax Incentives
The Isle of Man has attractive tax incentives for foreign investors including:
- Coroporate income tax between 0 and 10%
- Personal income tax between 0 and 20%
- No capital gains tax, wealth tax, stamp duty, or inheritance tax.
- Low import and export duties.
Government Finance Incentives
Financial Assistance Scheme
The government offers various packages to qualifiying businesses who fulful certain environmental and commercial criteria. The incentives include:
- Up for 40% for new equipment
- Up to 40% in building grants, for either new build or rent.
- Up to 50% towards training of staff
- Up to 40% revenue grants to assist with research and development, marketing, relocation, consultancy and environmental standards.
Further information can be found at
www.gov.im/dti/grants/financeassist.xml
Business Support Scheme
The Business Support Scheme offers a grant of up to £4500 towards business projects. The scheme also offers consultancy, business solutions and business development support (inlcluding mentorship)
Further information can be found at
http://www.gov.im/dti/grants/bss/?menuid=7836
Private Finance
A good starting point for investigating private finance options on the island is the Isle of Man Finance website www.gov.im
The website offers free advice for businesses and details on the taxation and finance regulations. It is advisable to consult an accountant before making any formal approaches to a bank and to make sure that you have an extensive business plan in place.