The Isle of Man

The Isle of Man is an internally self-governing dependent territory of the British Crown, separate and distinct from the United Kingdom.

A self-governing British Crown Dependency, it is a Member of the British Commonwealth and of the OECD. Although the Island is not a member of the European Union it is within the EU’s Common Customs Tariff area.

Tynwald, the Manx Parliament, is over a thousand years old and has the distinction of being the longest continuous parliamentary assembly in the world;
with it’s own currency and making its own laws and overseeing all its internal administrative, fiscal and social policies. Tynwald makes its own laws and oversees all internal administration, fiscal and
social policies.

By long-standing convention and with the specific consent of the Manx Government, the UK
Government administers external issues such as defence and foreign policy. As a Crown dependency, the ultimate responsibility for the government of the Island is vested in the Crown and so the UK does not legislate for the Island except with the specific consent of the Tynwald.

The Isle of Man has its own Income Tax and Customs & Excise services and is an established low tax area enjoying total independence from the UK on matters of direct taxation, with low corporate and personal tax and no capital transfer or inheritance tax. As a consequence the Island has developed into a flourishing and internationally respected offshore business centre.

The Isle of Man is centrally situated within the British Isles being under an hour’s flying time by jet from London, Glasgow and Dublin, with many other routes available by plane or boat. This, together with regular and frequent services to the rest of Europe, makes the Island an attractive international business and finance centre right on your doorstep.

The Isle of Man | Where you can...