3.01 FOREIGN INVESTMENT RULES
Freedom of Operation
The Manx Government views favourably the establishment of foreign owned businesses in the Island. Consequently, the establishment or acquisition of an Isle of Man entity by a foreign investor is not subject to legal restrictions, and such an entity is governed by the same rules and regulations as one owned by an Isle of Man investor.
No restrictions exist on foreign ownership of real estate in the Isle of Man.
If a company registered outside the Island owns real estate within it, it must register at the Companies Registry described under "Formalities for Establishment."
Foreign investment is restricted in no other way, and both capital and profits may be freely repatriated.
3.02 REQUIRED NATIONAL PARTICIPATION
There are no requirements for Manx participation in either the capital or management of a Manx entity.
3.03 REAL ESTATE ACQUISITION
Individuals resident outside the Island may acquire real estate in the Island without restrictions.
3.04 EXCHANGE CONTROLS
There are no exchange controls in the Isle of Man.
The information given is not exhaustive and is based on conditions existing at 5 May 1999. Readers are advised to consult with professionals, such as independent accountants, legal counsel, and investment bankers, before taking any formal action. Deloitte & Touche would be pleased to discuss specific problems.