Isle of Man (exempt companies)
(fees quoted are exclusive of VAT)
Information required for registration:
- "Exempt companies" are those granted "international
status"
- Alternative names for approval,
it takes approximately 5 working days for a name to be approved
in the Isle of Man
- Amount and denomination of Share
Capital
- Main objects Minimum Number of
Directors
. Must have at least two directors (one of which must be resident)
who must be individuals and at least one company secretary.
- No accounts / tax return need be
filed for such an exempt company
Time taken for Registration 8 Working days
| Formation Costs |
Incorporation (share capital
up to £2000) |
£750 |
Registered Office & Domiciliary
Services |
£750 |
| Government Fee |
£475 |
| Total First Year Costs |
£2,875 |
| Annual Costs |
Exempt Company
Duty |
£475 |
Filing fees of Annual Return (To be
filed on the anniversary of its date of incorporation)
|
£60 pa |
| Registered Office and Domiciliary
Fees (The domiciliary services include appointment of a named
secretary, preparation and filing of annual return and filing
of exempt fees) |
£750 pa |
Two Directors and Shareholder (Minimum
of two shares) |
£900 p
a |
| Stamp duty payable on share transfers |
nil |
Additional charges apply for courier and notarisation / appostile.
Maintenance Services, fees will be charged for additional services
on a time-spent basis.
PLEASE NOTE WE REQUIRE ALL CLIENTS TO SATISFACTORILY COMPLETE OUR
DUE DILIGENCE REQUIREMENTS AND COMPLY WITH THE MONEY LAUNDERING REGULATIONS 2007.
Note: An Isle of Man Questionnaire needs to be completed before
incorporation.
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