The Isle of Man: where commerce thrives

Foreign Direct Investment
| The European | 24 January 2020

Economies and businesses require building blocks. These blocks can come in a multitude of forms, macro and micro economic policy coupled with access to organisations that can assist businesses on a pan-national level and beyond. Many organisations locate to jurisdictions that, whilst are excellent in their own field, are local and do not always have the scale or the international network of contacts to support incoming enterprise.

Conversely, a wide pool of professional services is available in the Isle of Man, covering all aspects of commercial activity and consultation. In some cases, the incoming enterprise is forced to move as their enterprise scales up regionally or even globally. The Isle of Man has remained a leading jurisdiction for some time, as policy and business requirements are integrated at the highest level. Whilst many jurisdictions offer integration, as always, the detail is critical. The Isle of Man is renowned for its transparency and openness at all levels. This gives the jurisdiction a well-deserved global reputation as a model of financial fairness and confidence. This reputation allows for a depth of confidence in excess of similar jurisdictions.

In addition, a major benefit is that clients are aware of these structures and can draw comfort when dealing with companies domiciled in the Crown Dependency. The Isle of Man Government is also keen to ensure that these gold standards are upheld at every level. When legislation is enacted it is always with the customers best interests at heart.

With reference to the global outlook, a long-term approach is taken. This allows financial institutions and others who domicile in the Isle of Man an opportunity to grow and partner with an administration committed to ensure that the sector has the space to grow, whilst protecting customers to the very highest standards.

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