Introduction
The Isle of Man has a long history as an independent state, with the world's oldest parliamentary system. It is a highly rated jurisdiction amongst professionals and is considered an excellent gateway into Europe for trading and holding companies. The Companies Act 2006 introduced a simpler and cheaper vehicle for international trading. Coupled with the introduction of zero corporation tax for all but banks and property developers the scene is set to offer unbeatable packages to attract international business
Benefits
- Secure the privacy of personal details of the director and the shareholder with greatest confidentiality.
- Political and economic stability.
- 0% Income Tax rate for companies for the majority of activities.
- The Isle of Man Registry is available online so documents can be viewed at anytime.
- No Stamp Duty, Estate Duty or Capital Gain Tax.
- Able to open a bank account in Hong Kong.
- Not required to submit the company accounts annually.
Key Corporate Features
| General Information | |
|---|---|
| Political Stability | Good |
| Type of Company | Hybrid |
| Legal System | Common Law |
| Corporate Requirement | |
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 2 |
| Registered Address | Yes |
| Company Secretary | Yes |
Requirement
Setup Procedure |
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| Ready-made list for Ready-made Company | Tailor-made Company (3 intended names in order of preference) | |
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| Provide Due Diligence documents of the shareholders and the directors passport or I.D Card, utility bill and registered proportion of shares | ||
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| Arrange all shareholders and directors to sign the documents | ||
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| To set up a Ready-made company within 30 working days | To set up a Tailor-made company within 30 working days | |
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| Company incorporation completed with a document box which includes Certificate of Incorporation, M&A and Share Certificates, etc. | ||
Company Maintenance
Service Fee
| Incorporation Fee | HKD28,000 |
|---|---|
| Incorporation documents | |
| Provision of Registered Agent for a year | |
| Obtaining a Certificate of Incumbency from the registered agent for opening bank accounts | |
| Box set | |
| Disbursements - Local transport, courier and miscellaneous | HKD500 |
| Arrange and provide a set of certified corporate documents for opening a Bank Account | HKD2,000 |
| Obtaining a Certificate of Good Standing from the registered agent for opening bank accounts | |
| Renewal Fee | HKD |
| Government Fee - Annual Return Filing Fee | GBP360 |
Contact Us
- Address Unit 503, 5/F, Beverley Commercial Centre, 87-105 Chatham Road South, Tsim Sha Tsui, Kowloon, Hong Kong
- Tel (852) 2375 3733
- Fax (852) 2375 2292
- E-mail info@inchk.com
