Companies incorporated in the Isle of Man are subject to corporate income tax at a 0% rate. A 10% tax rate for companies engaged in the financial services business and Isle of Man’s property transactions. These changes have been aimed at competing with jurisdictions that offer international companies that are easy to manage and with advantageous tax systems such as the British Virgin Islands, Cayman Islands or Bermuda. With the addition that Manx companies are not restricted from carrying out onshore transactions or own assets located on the island. The Isle of Man is also an ideal location for what are known as VAT triangulation arrangements under which goods invoiced by one EU country to another, but physically delivered direct from a third, need only pay VAT once. For more information you can visit our website : https://www.eurofinanzza.com/isle-of-man-company-formation.

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