Isle of Man

Background:

The Isle of Man is a self-governing dependent territory of the British Crown   situated in the Irish Sea. It has the oldest uninterrupted Parliament in the   world, and is a major offshore financial centre. 
 
The Island enjoys excellent communication links. It also has a strong and effective   regulatory structure in place ensuring that quality business can take place   with peace of mind.
  
Finance and Taxation:
  
In March 2000 (and subsequently) the Isle of Man was awarded a AAA credit rating   by Standard & Poor and Aaa rating by Moody. This typifies the sound base   and quality business existing on the Island and bodes well for the future. 
 
The Isle of Man is a low tax area and is free of capital taxes (i.e. no capital   gains tax or inheritance tax is levied). Frequently, careful tax planning is   advisable as there can be tax implications in other jurisdictions.

Personal tax rates are capped at 18% and a tax cap of £100,000 (per person).

Corporate tax (other than for banks and for land and property) has been NIL     since 6th April 2006 thus creating an extremely attractive low tax area for     existing and new business.