Despite challenging conditions in global markets the Isle of Man continues to strengthen in the AIM market according to the latest report from Hemscott (June 2009) which looks at the registrations of companies listed on AIM.
The research shows the Isle of Man is the number one country for companies looking to register on AIM outside of the UK. Currently there are 67 IOM Companies registered on the AIM Market.
The Island also leads other International Business Centres in the size of market capitalisation of non UK AIM companies by country of registration (£3313.46m).
In the last two years the number of all AIM market companies reduced by 9.4%.
Against this backdrop the Isle of Man increased its number of non UK company registrations by 33%. The sector average is 5%. These latest figures highlight the quality of the Island's strong fiscal, regulatory and legislative infrastructure, which attracts so many major international corporations to the Isle of Man.
Brian Donegan of Isle of Man Finance commented, "Market conditions continue to be extremely challenging and in that context this evidence demonstrates the Isle of Man AIM proposition winning through. The Island has so far weathered the storm well and will continue to do so because the Isle of Man is the preferred access point to London for companies wishing to raise capital.
Given the positive nature of the research data and the number of new business enquiries emerging, it's reasonable to assume that the flow of new AIM listings business may well be on the increase. The Isle of Man is a "can do" jurisdiction characterised by it's first class fiscal and regulatory system and it will continue to service this business efficiently and cost effectively via the network of high calibre service providers on the Island."
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
