The information in this book was prepared by the professional staff of Deloitte & Touche, the Deloitte Touche Tohmatsu International firm in the Isle of Man. This book is designed to provide potential foreign investors with fundamental information about the Isle of Man environment, including the factors a foreign investor should consider in deciding whether to acquire an existing Isle of Man company or to start a new operation in the country. These factors include tax planning, employment and labour considerations, financing, importing, exporting, and accounting matters.

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.

While all reasonable care has been taken in the preparation of this book, Deloitte & Touche accepts no responsibility for any errors it may contain, whether caused by negligence or otherwise, or for any loss, however caused, sustained by any person that relies on it.


The Investment Climate
1: Introduction to the Isle of Man
2: Incentives and Financing

Investment And Business Factors
3: Foreign Investment
4: Foreign Trade
5: Business Regulation
6: Employment Law and Practice

Business Entities
7: Choice of Business Entity
8: Other Forms

Accounting And Auditing
9: Financial Statement Requirements

The Tax System
10: An Overview
11: Corporate Income Taxes
12: Special Corporate Tax Situations
13: Assessments, Payments, and Appeals
14: Personal Income Taxes
15: Withholding Taxes
16: Value Added Tax
17: Other Taxes on Companies or Individuals
18: Double Tax Relief
19: Appendix

Deloitte & Touche

Deloitte & Touche, the member firm of Deloitte Touche Tohmatsu International in the Isle of Man, is one of the few internationally-connected public accounting firms in the Island. Its personnel provide a wide range of accounting and auditing, taxation, management consultancy, insolvency, trust, corporate finance and business advice services. Based on traditional practice, the Isle of Man firm is able to carry out a variety of tasks not performed by accounting firms in some other countries, including company formation and management, international tax planning, and secretarial, bookkeeping and executorship services.

Backed by the combined resources of its associated offices in the UK and world-wide, the Isle of Man office has grown rapidly and now has a complement of over 50 staff.

For further information please contact Peter Vanderpump (Offshore Services), Bruce Taylor (Taxation) or Nick Evans (Assurance and Advisory Services)

Authorised by the Institute of Chartered Accountants in England and Wales to carry on Investment Business in or from the Isle of Man and in the United Kingdom.