Isle of Man Company Formations

The Companies Act 2006 Act reduced the accounting and reporting requirements associated with a company in the Isle of Man, further changes have been made with the objective of easing both the incorporation process of new companies.

The 2006 Act introduced a new form of company which is a modern, flexible and simplified without many of the traditional company law formalities, including the concept of authorised share capital, the requirement to maintain capital, the requirement to hold an annual general meeting and no distinction between public and private companies.

Benefits of an Isle of Man Company

  • We offer our clients a reliable company formation service in Isle of Man
  • It is not necessary to visit Isle of Man to complete your incorporation
  • Nominee shareholders and Resident Directors may be used to for confidentiality of the company's beneficiaries
  • Our companies incorporation system comply with the Financial Supervision Commission

Registration Information Required

Incorporating a company in the Isle of man, once all documents are received the process can take as little as two days.

To incorporate a Isle of Man company the following is required for the Financial Supervision Commission:

  • Proposed Company Name
  • Brief Description of Company Activities
  • Shareholders Details - minimum required number is two
  • Company Directors Details
  • Isle of Man Registered Office Address
  • Share Capital
  • Details of the Company Secretary
  • Amount the shareholders are investing and number of shares taken in return
  • Memorandum of Association and Articles of Association - which we draft for you

Isle of Man Company

As of the 2006 Companies act there is no distinction in many ways between a public and private company, no restrictions on offering shares to the public and no restrictions on the transfer of shares.

A company limited by shares is equivalent to a UK Private Limited Company and therefore is the most popular method of structuring a new incorporation in the Isle of Man.

Share Capital

There is no minimum share capital requirements for a company in the Isle of Man, but the minimum issued number of shares is two. The minimum payable duty is valid up to £2,000, share capital over this amount are required to pay additional duty charges.

Company Shareholders

Only one shareholder is required for a company incorporated in the Isle of Man, with no restrictions placed on nationality or residency.

Shares can be issued as standard registered shares or as bearer shares - bearer shares offer high levels of confidentiality to the shareholder(s). Further confidentiality and public anonymity of the shareholders may be obtained by the employment of nominee shareholders.

Company Directors

Only one director is required for a company incorporated in the Isle of Man, with no restrictions on nationality or residency.

Company Secretary

At least one professionally qualified company secretary is required, who must be resident in the Isle of Man.

Isle of Man Company Name

Company names must be submitted to and approved by the Financial Supervision Commission and must bear the suffix "Limited" or "Ltd" after the name.

We check that your Isle of Man company name is acceptable and is not already incorporated with the Financial Supervision Commission.

Company Incorporation Documents

Once incorporated we provide a set of corporate documents for your Isle of Man company which, includes the Certificate of Incorporation, Memorandum of Association the Articles of Association and share certificates. Copies of the company incorporation documents are sent via email and the originals from the companies registry are sent to you in a corporate folder. A receipt from the Isle of Man Government will also be provided which is evidence of all company registration and licence fee payments.

Registered Office

A registered office in the Isle of Man is mandatory, and hold an license issued by the Isle of Man Financial Supervision Commission. The purpose of a registered office is to maintain the company and provide a physical location where documents may be legally served - we can provide your company a registered office in the Isle of Man.

Shareholder and Director Meetings

As of the 2006 Act, there is no obligation to hold annual general meetings, but such meetings may be held as if management deems appropriate.

Contact Us
only required if you wish us to call you back
Isle of Man Fees to Incorporate
  • Company Formation - £2000
  • Provision of Registered Office - £1860
  • Government Registration fee - £100
  • Company Secretary required - £540
Isle of Man Annual Maintenance Fees
  • Provision of Registered Office - £1860
  • Government fee - £300
  • Company Secretary required - £540
Isle of Man Advantages
  • Time - 7- 14 days to incorporate your IOM company
  • Directors - only 1 director of any nationality is necessary for your company
  • Shareholders - only 1 shareholder is required
  • Share Capital - there is no minimum share capital requirement
  • Company Secretary - a resident company secretary is required
  • Registered Office - your company requires a registered office in the Isle of Man, which we can provide
  • Support - using our 20 years experience we guide you throughout every step of the company formation process