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Isle of Man Offshore Company Formation

Isle of Man company formation is carried out with much efficiency in the offshore tax haven of Isle of Man. The most requested Isle of Man offshore companies are the New Manx vehicle or the Isle of Man Hybrid Company (this company is referred to as a hybrid company since it is a company limited by guarantee and still has a share capital) and the Isle of Man Private Limited Company. Company formation in the Isle of Man can be completed in very little time and the process of offshore company formation is very affordable in the jurisdiction of Isle of Man company formation has many advantages including asset protection, tax exemptions and privacy.

Isle of Man company formation provides an excellent offshore company which can be used for many purposes. An Isle of Man offshore company can be registered for use as a property holding company or as a business company. Isle of Man companies are mostly used as trading companies since these companies can so business anywhere in the world.

Isle of Man Company formation for the New Manx vehicle includes preparing a Memorandum of Association and Articles of Association which is submitted to the Registrar of Companies in the jurisdiction. The following must be included in the memorandum of Association:

  • The name of the Hybrid company

  • The registered office in the Isle of Man

  • The contribution each member is willing to make in case the company goes into liquidation

  • The number of shares the company issues

  • The types of shares the company issues

  • The rights, privileges, restrictions and voting rights of each class of shares issued

  • The address , nationalities and names of company directors

  • The names, addresses and nationalities of company shareholders

  • The name, address and nationality of the appointed company secretary

  • The by-laws of the company

Isle of Man company formation for the Private Limited Company also requires filing a Memorandum of Association and Articles of Association. This information is required for company formation in the Isle of Man:

  • The name of the company

  • State the type of company being registered

  • State is a company limited by shares

  • The particulars of company directors

  • The particular of company shareholders

  • The local registered address of the company

  • By laws of the company

Isle of Man company formation requires that the company name be a name which is not considered to be offensive in the jurisdiction. Companies with names which have already been used for Isle of Man company registration will not be accepted for registration. Directors and shareholders for company formation can be of any nationality. Offshore companies incorporated in Isle of Man cannot offer any type of financial services (insurance, banking, and act as investment companies) unless a special license has been sought and granted by the authorities in the Isle of Man.

Isle of Man company formation provides an excellent offshore corporation.