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Isle of Man Captive Insurance
The Isle of Man is an island located in the Irish Sea right at the centre of Great Britain and Ireland. Although it is not part of the United Kingdom, it is a Crown dependency.
The Isle of Man is a low tax economy with income tax rates of 10% and 18% and 0% rate of corporate tax. Offshore banking, manufacturing, and tourism form key sectors of the economy of the Isle of Man.
The Isle of Man is widely regarded as being one of the leading centres for captive insurance business in the world. It has a very strong reputation for attracting high quality captive business. The Island offers a broad range of captive management services, ranging from small local operations to representatives of the world’s leading captive management groups. Whatever your captive insurance needs the Isle of Man can offer a solution.
The Island has been a recognised captive domicile for over quarter of a century. The sector has showed sustained growth over recent years, partly as a result of the relatively hard commercial market. Against this backdrop it remains in a strong position to offer alternative means of risk management, particularly given the recent introduction of protected cell company legislation on the Island.
Captives have become an integral part of the risk management strategy of large companies, and continue to offer one of the most effective and widely used mechanisms for risk treatment. The Isle of Man is one of the most successful, established captive locations, attracting business from all over the world.
Isle of Man Business Services
