ISLE OF MAN
Law
Limited Liability
Company Act 1996
International
Business Act 1994
Incorporation
Incorporation
normally takes 3-5
working days, though
an “off the
shelf/ready made”
company could be
quicker.
Company Name
The company name
must end in “Limited
(Ltd)”, “Public
Limited Company
(Plc). There are
also restrictions on
the use of certain
words or business
descriptions, such
as Royal, bank,
insurance.
Directors
The minimum number
of directors is two-
one of who must be
residential.
Directors’ details
will be on the
public register
Corporate directors
can be appointed
Secretary
A secretary is
mandatory
The secretary does
not have to be
resident
Share Capital
The minimum number
of shareholders is
one
Companies cannot
issue bearer shares.
Shares do not have
to be held by
residents
Authorised share
capital normally
£2000
Meetings
Director meetings
and the AGM may be
held anywhere
Seal
A company seal is
usual
Accounts/ Financial
Statements
Accounts have to be
filed and kept at
the Registered
Office
Records to be kept
There is a
requirement for the
register and the
register of members
and charges to be
kept in the
jurisdiction
Registered
Office/Registered
Agent
A registered agent
and Registered
Office are required
in the jurisdiction
Annual return
An Annual return is
required.
Price
First year
costs
£3750
Annual renewal
fee £3000
(includes Registered
Agent, Government
fee and Annual
renewal fee)
