Tag Archives: Isle of Man

Why the Isle of Man is NOT a tax haven

16 Nov
beach at Douglas, Isle of Man, at Dawn - Is it a tax haven?

Forty-two years ago when former assessor of income tax Mark Solly published ’The Isle of Man: Anatomy of a Tax Haven’, tax havens were places where there was lower taxation than you had at home, where you could set up your trading company or family trust or even move in yourself. The motivation of those […]

Isle of Man named International Finance Centre of the Year

04 May
Isle of Man - International Finance Centre

The Isle of Man has won the award for International Finance Centre of the Year at the International Adviser Product and Service Awards. Local companies Ardan International, Nedbank and Momentum Pensions also took home awards. Martyn Perkins MHK, Member of the Department of Economic Development with responsibility for Financial Services, commented: ‘The Isle of Man […]

Standard Bank helps clients bank smarter offshore

24 Nov
Colorful umbrellas at Caudan Waterfront Mall, Port Louis, Mauritius - Standard Bank

Standard Bank Group has enhanced its banking app to allow Offshore Group customers access to their offshore accounts while they are on the move. The app allows account holders to view balances and transaction history on a smartphone, and also make cross-currency payments between their Standard Bank accounts. New features released in the future will […]

RBC Wealth Management named Best Private Bank in the Channel Islands

31 Jul
Three great reasons to open a foreign bank account

RBC Wealth Management has continued its recent award success by being named the Best Private Bank in the Channel Islands at the 2012 World Finance Banking Awards. World Finance’s judging panel used a wide range of criteria to decide the recipients of the 2012 awards. These included assessing each firm’s performance, the variety and clarity […]

Isle of Man at the China Offshore Summit

20 Jul
Isle of Man crest

THE Isle of Man will be promoted as an international business centre at an event in Shanghai in October. Representatives from The ILS Group, Department of Economic Development and Capital International will attend the China Offshore Summit event on October 26 and 27. They will take part in a half day seminar event called The […]

Isle of Man to cap income tax

21 Feb
Isle of Man - Three Legs of Man with motto

THE Isle of Man is planning to increase its already large number of tax exiles by imposing a cap on income tax. Treasury Minister Allan Bell said he wanted to cap the liabilities in order to encourage further business opportunities to the island in its 2005/06 budget. A consultation paper will be launched this year […]

Isle of Man Business Barometer Paints Optimistic Picture

12 Jan
The Marina in Douglas - Isle of Man Business Barometer

Accounting firm KPMG has released the latest set of findings from its Isle of Man Business Barometer, which indicate that business in the jurisdiction continued to see improved performance during the third quarter of 2004. “The encouraging trends from the first half of the year are continuing, with over 85% of business reporting steady or […]