Limited Liability CompanyIsle of Man
What it takes to form, own and run a private limited company in Isle of Man, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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The liability of members is limited to the extent of their contribution to the capital.
The registry’s and the law’s own pages do not mention it.
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Standard registration of a company occurs within 48 hours of receipt of these documents, and costs £100
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The profits of the company are treated as the income of the members for the purposes of Income Tax.
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Not stated
The registry’s and the law’s own pages do not mention it.
What it takes to form
Not in our records A notary, A resident director, Paying up the capital: none of these is in our records for the Limited Liability Company.
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- Not stated
The registry’s and the law’s own pages do not mention it.
- A local company secretary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A local registered agent
- Required
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The name and address of its registered agent in the Isle of Man
Each year, at the registry
- Annual registry fee
- GBP 95 (about €112)
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if filed on time £95
- Accounts on the public record
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit for a small company
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the Limited Liability Company are in our records.
What is public
Not in our records What the register shows the public is not in our records for the Limited Liability Company.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Through owners
The profits of the company are treated as the income of the members for the purposes of Income Tax.
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The profits of the company are treated as the income of the members for the purposes of Income Tax.
- CFC rules in Isle of Man
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- The company must be wound up and dissolved when the period fixed expires, by unanimous written agreement of all members, or on a member's death, retirement, resignation or expulsion unless notice is delivered to the Companies Registry, among other events.
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The company must be wound up and dissolved in the event of any of the following circumstances occurring:
- Statutory fee
- GBP 70 (about €82)
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Application for dissolution £70
Every business in Isle of Man
VAT
- Standard rate
- 20%
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Standard rate 20% VAT What the rate applies to: Most goods and services.
- Other rates
- 5% Some goods and services, e.g. energy-saving materials, construction services on eligible buildings, children's car seats
- 0% Most basic foodstuffs, children's clothes, construction of new dwellings
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Reduced rate 5% VAT What the rate applies to: Some goods and services, e.g. energy-saving materials, construction services on eligible buildings, children's car seats.
- Registration threshold
- GBP 90,000 · about €105,690
value of taxable supplies; rolling 12 months, or the next 30 days
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At the end of any month the total value of your taxable supplies you have made in the preceding 12 months, on a rolling 12-month basis, exceeds £90,000
- Voluntary registration
- Yes
A business making taxable supplies below the £90,000 threshold may register voluntarily.
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If you are required to be registered for VAT in the Isle of Man or are making taxable supplies below the VAT threshold and would like to register voluntarily
- A foreign company
- See the note
The registration guidance directs businesses established outside the Isle of Man and the United Kingdom to HMRC's non-established taxable persons unit, and provides a form for the cases where a tax representative must be appointed.
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In most cases businesses who belong outside the Isle of Man ['IOM'] and UK, who are required to VAT register in the IOM/UK should contact HMRC’s non-established taxable persons unit.
- Tax authority
- Registration page read 2026-10-22
Payment and banking services
1 service names Isle of Man on its own list: Airwallex. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Private limited companyDerived our grouping, the same words in every country
- Name in law
- Limited Liability Company
- ISO 20275 code
- CDXKSecondary GLEIF, Entity Legal Forms code list