Limited Partnership - without Legal PersonalityIsle of Man
What it takes to form, own and run a limited partnership 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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A limited Partnership must have one or more general partners with unlimited liability (often a SPV) and one or more limited partners.
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A limited Partnership must have one or more general partners with unlimited liability (often a SPV) and one or more limited partners.
The registry’s and the law’s own pages do not mention it.
The registry’s and the law’s own pages do not mention it.
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 Partnership - without Legal Personality.
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 2 · at most 20
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A limited Partnership must have one or more general partners with unlimited liability (often a SPV) and one or more limited partners.
- A local company secretary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A local registered agent
- Not stated
The registry’s and the law’s own pages do not mention it.
Each year, at the registry
Not in our records Annual registry fee, Accounts on the public record, Audit for a small company, Audit: none of these is in our records for the Limited Partnership - without Legal Personality.
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the Limited Partnership - without Legal Personality 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 Partnership - without Legal Personality.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Through owners
The Income Tax Act 1970 treats all partnerships (general, limited and limited with separate legal personality) as partnerships. They are not subject to taxation as corporate tax payers.
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They are not subject to taxation as corporate tax payers.
- CFC rules in Isle of Man
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
Not in our records Route, Statutory fee: none of these is in our records for the Limited Partnership - without Legal Personality.
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
- Limited partnershipDerived our grouping, the same words in every country
- Name in law
- Limited Partnership - without Legal Personality
- ISO 20275 code
- EMLASecondary GLEIF, Entity Legal Forms code list