WELCOME TO OCRA (ISLE OF MAN) LIMITED

OCRA (Isle of Man) Limited is the original and largest office of OCRA Worldwide, an international corporate and trust service provider.

We implement Corporate and Fiduciary solutions that fulfill our client's objectives.

Broadly, these objectives may include wealth protection, tax reduction, global trade and investment and/or market entry, but there are a variety of reasons and benefits attached to utilising international corporate or fiduciary trust structures to arrange one's affairs, and we can help you to identify these opportunities and to set up a solution that meets your specific agenda.

Our role, together with our Client's advisors, is to assess, design, implement and manage a solution based upon our client's specific goals.

OCRA (Isle of Man) Limited sets the standard for the services offered by the group and is considered one of the Isle of Man's leading corporate and trust service providers. It is a testimony to our stability in changing times that since our origins in 1975, this office has expanded to employ over 60 skilled staff who administer over 2000 client companies and trusts.

We are proud of our approach and the long-term personal relationships we have developed with our clients over the years – a mark of the trust invested in us and the value-driven solutions we deliver.

We warmly invite your enquiries
We would welcome the opportunity to assist you. Call us direct on +44 1624 811000 or make contact now for a free explanatory discussion without obligation.

BUSINESS LINES AND GLOBAL SOLUTIONS

  • Offshore Companies
  • International Companies (Over 90 global jurisdictions and entities)
  • Isle of Man company incorporation and total management services
  • Registered Office and Registered Agent Services
  • Banking Services
  • Trusts & Trustee Services
  • Offshore Foundations and Foundation Council Services
  • Professional Directors and Nominee Services
  • Escrow Services
  • Transfer of Administration to OCRA Worldwide
  • Accounting, Bookkeeping and VAT Management
  • Virtual Office Services
  • International and Offshore Payroll
  • SuperYacht Registration and Management
  • Private Jet / Aircraft Registration and Management
  • Private Jet Appraisals, Sales and Acquisitions
  • International Tax Management – Compliance, Corporate Structuring and Re-structuring
  • e-Gaming Services
  • International Import and Export Trading services

OCRA (Isle of Man) Limited is licensed by the Financial Supervision Commission in the Isle of Man.

CONTACT DETAILS

OCRA (Isle of Man) Limited
Grosvenor Court
Tower Street
Ramsey
Isle of Man
IM8 1 JA
British Isles

T: +44 1624 811000
F: +44 1624 811001
E: ocra@ocra.com

Languages Spoken: English

Time in Isle of Man is:

MEET THE TEAM

We would welcome the opportunity of being able to assist you with your personal wealth management. Please feel free to contact any of our key team members listed below for a free explanatory discussion without obligation.

Karl Foden - MANAGING DIRECTOR

Karl is a Chartered Accountant with over 25 years’ experience at senior management level in the Offshore financial services industry. He has undertaken a number of senior roles within Isle of Man, Jersey and Mauritius covering Fiduciary services, Banking, Fund management and Captive Insurance and joined OCRA Isle of Man as Managing Director in March 2014.

T: +44 1624 811004
F: +44 1624 811001
E: karl.foden@ocra.com
Stephen Porter - GROUP DIRECTOR

Stephen Porter joined the group in 1989 and is a Group Director, and a Director of OCRA (Isle of Man) Limited. Stephen specialises in working with European and international entrepreneurs, as well as professional firms in the Isle of Man and Europe and deals on a daily basis with complex circumstances affecting businesses and individuals from many other parts of the world. He has operated at board level with a variety of client organisations.

T: +44 1624 811008
F: +44 1624 811088
M: +44 7624 211008
E: stephen.porter@ocra.com
Nick Sheard, Msc, BA (Hons) – COMPLIANCE DIRECTOR

Nick Sheard joined the group in 2013 as Compliance Director. His role is to provide focus and leadership on compliance and risk management issues across the group. Nick has considerable experience having worked as both a regulator and a risk and compliance practitioner in the investment banking and financial services sectors. He holds an MSc in Financial Regulation and Compliance Management from London Metropolitan University, and a BA Hons in Accounting and Finance.

T: +44 1624 818808
F: +44 1624 811079
M: +44 7624 238808
E: nick.sheard@ocra.com
James Porter - MANAGER – BUSINESS DEVELOPMENT

James Porter rejoined the group in December 2008. With over 12 years' experience in the offshore industry, James is responsible for advising international entrepreneurs, expatriates, intermediaries and other professional bodies on all aspects of corporate, marine and aviation structuring and services.

T: +44 1624 818825
F: +44 1624 818831
M: +44 7624 218825
E: james.porter@ocra.com
Andrew Kinrade, MInstAM - SENIOR MANAGER

Andy Kinrade joined the group in 1989 and has gained extensive knowledge in offshore administration and is now responsible for a portfolio of high net worth clients with specific responsibility for the Scandinavian region.

T: +44 1624 818822
F: +441624 811023
M: +44 7624 218822
E: andrew.kinrade@ocra.com
Ciara Jacobs, BA, ACA - FINANCIAL CONTROLLER

Ciara is a member of the Institute of Chartered Accountants of England & Wales. After a degree in accounting and financial management at the University of Sheffield she joined PricewaterhouseCoopers. She qualified in 2009 and then specialised in the Offshore Funds sector. Ciara joined OCRA in July 2011 and is responsible for the European finance function as well as developing a portfolio of ultra-high net worth clients.

T: +44 1624 811074
F: +44 1624 817061
M: +44 7624 211074
E: ciara.jacobs@ocra.com
Craig Melvin, AInstAM DIP - SENIOR MANAGER

Craig Melvin joined the group in 2005 and is an Associate of the Institute of Administrative Management. In his role as Manager he is responsible for the day-to-day management and administration of a portfolio of clients.

T: +44 1624 818888
F: +44 1624 818887
M: +44 7624 218828
E: craig.melvin@ocra.com
John O'Callaghan, BA (Hons) - SENIOR ADMINISTRATOR

John O'Callaghan has extensive commercial experience gained in the UK and Ireland and is a graduate of the University College, Cork. He is a member of the Institute of Chartered Secretaries and Administrators (ICSA) and has worked in Fiduciary Business on the Isle of Man for a number of years. John has recently joined OCRA (Isle of Man) Limited and specialises in matters relating to Fiduciary structures and Offshore administration.

T: +44 1624 818807
F: +44 1624 811079
E: john.ocallaghan@ocra.com
Tarryn Boland-Porter, BA (Hons) - SENIOR ASSOCIATE

Tarryn Boland-Porter joined in 2008 and is currently responsible for the delivery of service to our international intermediary network alongside attending exhibitions and looking after a portfolio of corporate clients involved in the marine and aerospace industry.

T: +44 1624 811043
F: +44 1624 818831
M: +44 7624 211043
E: boland-porter@ocra.com
Fiona Kennish, Cert. ICSA - SENIOR RELATIONSHIP MANAGER

Fiona joined the company in 1999 as a Corporate Administrator. With over 12 years experience in the industry, Fiona is now a Senior Manager within the Group's Aviation Division and is responsible for the administration of aircraft under management.

T: +44 1624 818814
M: +44 7624 228814
E: fiona.kennish@ocra.com

EXPERTISE & FOCUS

Dealing with OCRA (Isle of Man) Limited means you are dealing with the group's largest and longest established office. We offer all of the necessary expertise to register, administer and manage the solutions we design for our clients, from our highly advantageous offshore location.

OVERVIEW

Our services include solutions-driven Incorporation in over 90 international jurisdictions and the provision of associated Management, Administration and Bank Account Services. Our core offering also includes Offshore Foundation and Foundation Council Services, Trust and Trustee Services and the provision of International Tax Compliance Advice.

The group's specialist Aircraft and Superyacht Management division operates from the Isle of Man office and offers Superyacht and Aircraft Registration with the island's sought-after registries. The team's expertise extends to the beneficial structuring of the asset for ownership and the total management and administration of the yacht and aircraft on behalf of the owner.

We would welcome the opportunity to assist you with any of these services. Call us direct on +44 1624 811000 or make contact now for a free explanatory discussion without obligation.

OFFSHORE & ONSHORE COMPANY INCORPORATION

OCRA (Isle of Man) Limited are experts in advising clients on the selection of the best offshore or onshore company jurisdiction for their international business requirements.
The information provided will introduce you to both offshore and onshore company jurisdiction specifications reducing the burden of time consuming research required when making the selection of suitable vehicles for your particular requirements.

For more information and an exploratory discussion without obligation please contact one of our consultants listed below:

James Porter - MANAGER – BUSINESS DEVELOPMENT
Tel: 
Fax: 
Mobile: 
+44 1624 818825
+44 1624 818831
+44 7624 218825
Email: james.porter@ocra.com
Andrew Kinrade, MInstAM - SENIOR MANAGER
Tel: 
Fax: 
Mobile: 
+44 1624 818822
+441624 811023
+44 7624 218822
Email: andrew.kinrade@ocra.com

ISLE OF MAN COMPANY INCORPORATION

OCRA (Isle of Man) provides specialist advice and services relating to the incorporation of Isle of Man Companies. Click on the links below to learn more about these entities and enquire about our services:

Isle of Man Private Limited Companies
Isle of Man Hybrid Companies
Isle of Man New Manx Vehicles "NMV"
Isle of Man LLCs
Isle of Man Limited Partnerships
Isle of Man Trusts
Isle of Man Foundations

For more information and an exploratory discussion without obligation please contact one of our consultants listed below:

James Porter - MANAGER – BUSINESS DEVELOPMENT
Tel: 
Fax: 
Mobile: 
+44 1624 818825
+44 1624 818831
+44 7624 218825
Email: james.porter@ocra.com
Andrew Kinrade, MInstAM - SENIOR MANAGER
Tel: 
Fax: 
Mobile: 
+44 1624 818822
+441624 811023
+44 7624 218822
Email: andrew.kinrade@ocra.com

REGISTERED OFFICE AND REGISTERED AGENT SERVICES

It is a legal requirement that all entities incorporated within a jurisdiction maintain a Registered Office Address, and where appropriate a Registered Agent, for the address of legal or statutory mail in relation to the entities business affairs.

The registered office need not be where the company will carry out its business but it is the place where the company's statutory records are maintained. Changes of registered office must be notified to the Registrar of Companies.

OCRA Worldwide has since inception incorporated over 200,000 entities worldwide and through its global network can pass on the economies of scale and provide our clients with Registered Office facilities at a reasonable cost in over 90 jurisdictions whether it be for the establishment or transfer of administration of an entity.

OCRA (Isle of Man) Limited provides Registered Office, Registered Agent and when requested a virtual office or physical presence to our clients in the Isle of Man. OCRA Worldwide can provide similar services via our group network.

For more information and an exploratory discussion without obligation please contact one of our consultants listed below:

James Porter - MANAGER – BUSINESS DEVELOPMENT
Tel: 
Fax: 
Mobile: 
+44 1624 818825
+44 1624 818831
+44 7624 218825
Email: james.porter@ocra.com

BANKING SERVICES

OCRA Worldwide is an international and offshore corporate and trust service provider and where appropriate holds a license to do so.

Having incorporated over 200,000 entities worldwide we have considerable expertise in the opening and administration of international and offshore bank accounts for our client's specific requirements. We are in a unique position, having developed and maintained a close working relationship with many international banks over 35 years, to be able to match our client's requirements and business objectives with a suitable offshore or international bank.

For more information and an exploratory discussion without obligation please contact one of our consultants listed below:

Andrew Kinrade, MInstAM - SENIOR MANAGER
Tel: 
Fax: 
Mobile: 
+44 1624 818822
+441624 811023
+44 7624 218822
Email: andrew.kinrade@ocra.com
Craig Melvin, AInstAM DIP - SENIOR MANAGER
Tel: 
Fax: 
Mobile: 
+44 1624 818888
+44 1624 818887
+44 7624 218828
Email: craig.melvin@ocra.com

OFFSHORE TRUSTS AND TRUSTEE SERVICES

Our inhouse experts advise clients on the provision of the best structure for wealth protection utilising the Isle of Man or other offshore jurisdictions.

Some advantages of an Isle of Man Trust include:

  • The Isle of Man Trust Deeds are not publicly registered
  • Wealth protection
  • Tail order to specific family requirements
  • Recognised in all common law jurisdictions
  • Increasing recognition in important civil law jurisdictions
  • An important tool in international income, capital gains and stock options schemes, insurance plans and special financing arrangements.

Get detailed information about Isle of Man Trusts

For more information and an exploratory discussion without obligation please contact one of our consultants listed below:

Andrew Kinrade, MInstAM - SENIOR MANAGER
Tel: 
Fax: 
Mobile: 
+44 1624 818822
+441624 811023
+44 7624 218822
Email: andrew.kinrade@ocra.com

OFFSHORE FOUNDATIONS AND FOUNDATION COUNCIL SERVICES

The introduction of the Isle of Man Foundation Act in 2012 has provide the Isle of Man with a vehicle that has the ability to manage its own assets in its own name and arrange for its own funding.

Our in-house experts can advise clients on the selection of the best Isle of Man vehicle for wealth protection or the use of foundation services from other offshore jurisdictions.

Advantages of an Isle of Man Foundation:

  • Excludes forced heirship
  • The Foundation Instrument will be recorded in the public records
  • Separate legal personality
  • Limited liability
  • Can arrange for its own funding
  • Beneficiaries can be named on establishment or at a later date
  • No initial property is required for establishment
  • The founder can be a "beneficiary" or an "enforcer" of the foundation

For more information and an exploratory discussion without obligation please contact one of our consultants listed below:

Andrew Kinrade, MInstAM - SENIOR MANAGER
Tel: 
Fax: 
Mobile: 
+44 1624 818822
+441624 811023
+44 7624 218822
Email: andrew.kinrade@ocra.com

PROFESSIONAL DIRECTORS AND NOMINEE SERVICES

The services of professional directors and nominee shareholders can be arranged for an annual fee. These services assist clients by providing them with enhanced privacy and confidentiality however when OCRA Worldwide provides Directors, Managers and officers to a client company or when OCRA Worldwide provides trustee services, its officers must control any underlying bank accounts.

Why?

There are various legislative and regulatory requirements and precedents relating to the duties of directors and trustees relating to their obligations to exercise effective management and control over a company's or trust's assets and affairs. Put more simply, would any reasonable businessperson, aware of the duties and liabilities of directors or trustees, be prepared to act as a director of a company or act as a trustee, if they did not control the company's or trust's bank account?

If our clients were to exercise control over bank accounts it could be perceived that they are controlling the affairs of the company or trust even though they may not be officers or trustees. Statutory authorities in high tax and other areas often seek to apply "the management and control test" to assess whether the profits/income earned by an entity controlled in a low tax area should be taxed as if they were resident in the high tax area.

There is an inherent possibility that if we allowed clients to control bank accounts, then a regulatory authority may deem that our clients are effectively managing and controlling the company or trust in their countries of residence or more radically may seek to pierce the corporate veil or judge a trust to be a "sham".

OCRA Worldwide can provide a company secretary who has the responsibility of ensuring that company records are up to date. OCRA World Wide can ensure that the statutory responsibilities of a client's company are completed including filing annual returns within the prescribed period. OCRA World Wide provides this specialised administrative service, which, for an annual fee, provides clients with the security of having a company's statutory books and annual returns maintained on OCRA World Wide company secretarial software. Clients who take advantage of this service are assured that all the necessary returns are completed, signed and filed in a timely manner.

For more information and an exploratory discussion without obligation please contact one of our consultants listed below:

James Porter - MANAGER – BUSINESS DEVELOPMENT
Tel: 
Fax: 
Mobile: 
+44 1624 818825
+44 1624 818831
+44 7624 218825
Email: james.porter@ocra.com

ESCROW SERVICES

OCRA Worldwide is able to offer clients a comprehensive business-to-business Escrow Service to avoid risk for both buyer and seller and to ensure that conditions precedent are met prior to exchange.

This service is particularly important for parties who want to transact commercially but are uncertain of each other and their respective business practices and culture.

For more information and an exploratory discussion without obligation please contact one of our consultants listed below:

We would welcome the opportunity to assist you with any of these services. Call us direct on +44 1624 811000 or make contact now for a free explanatory discussion without obligation.

ACCOUNTING, BOOKKEEPING AND VAT MANAGEMENT

The maintenance of accounting records and the preparation of annual financial statements is mandatory for Isle of Man entities and all other highly regulated jurisdictions. Although some jurisdictions do not require annual filing of financial statements with the Authorities the entity is still required to maintain adequate accounting records which reflect the financial position of the entity.

Our Commercial and Accountancy Teams are one of the major advantages which clients enjoy when working with our Group Companies. We do not just incorporate a company - we make it work for our clients by opening bank accounts and giving substance to its day to day operations.

These Teams are responsible for the bookkeeping and accountancy requirements of the companies we are requested to administer. With the assistance of our in-house Chartered Accountants clients can determine what accounting reports they require, ranging from simple Income and Expenditure statements to the preparation of a full set of financial statements for third party audit.

Additionally OCRA (Isle of Man) Limited is uniquely placed to provide clients with a comprehensive in-house service covering the registration and administration of VAT, audit, taxation and other related matters.

All fees for such services are mutually agreed with the client depending upon his specific requirements.

For more information and an exploratory discussion without obligation please contact one of our consultants listed below:

Ciara Jacobs, BA, ACA - FINANCIAL CONTROLLER
Tel: 
Fax: 
Mobile: 
+44 1624 811074
+44 1624 817061
+44 7624 211074
Email: ciara.jacobs@ocra.com

VIRTUAL OFFICE SERVICES

Our customised virtual office services and touch down services allow you to set up everything you need to run an office without having to pay the costs associated with rent, salaries and the overheads of a normal office. We have 20 offices strategically located around the world many of which are located in capital cities. Our service is personal, prompt and cost effective.

Touch down office and Meeting Room facilities, use an office for a day, or meet with clients and colleagues in a professional and private environment, complete with state-of-the-art presentation equipment, conference facilities, and free access to Broadband Internet and Office Support services.

Our facilities and support staff will provide you with an experience that will leave you and your clients feeling that the office is your own.

We would welcome the opportunity to assist you with any of these services. Call us direct on +44 1624 811000 or make contact now for a free explanatory discussion without obligation.

INTERNATIONAL AND OFFSHORE PAYROLL

OCRA (Isle of Man) Limited can assist with the provison of a comprehensive range of solutions which reduce or eliminate exposure to National Insurance and other taxes, and provide significant operational savings and benefits to entities. These can be summarised as follows:

  • All Contracts of Employment
  • Elimination of N.I. liability for owners
  • Payroll Management responsibility and execution outsourced
  • Payroll execution handled efficiently in all tradeable currencies
  • Credit, Debit and Pre-Paid cards available in Euros, Sterling and U.S. Dollars

Confidence in the knowledge that all matters relating to payroll management are handled by a major international service provider, with over 35 year's experience.

For more information and an exploratory discussion without obligation please contact one of our consultants listed below:

We would welcome the opportunity to assist you with any of these services. Call us direct on +44 1624 811000 or make contact now for a free explanatory discussion without obligation.

SUPERYACHT REGISTRATION AND MANAGEMENT

Purchasing a yacht is a major acquisition which requires careful planning and consideration. As a dedicated division of OCRA Worldwide, OCRA Marine is positioned to assist at every level.

Based in the Isle of Man, we enjoy a close working relationship with the Isle of Man Ship Registry and are one of a small number of companies approved as a Representative Person.

Our professional services go beyond yacht registration and include ownership structuring that provides for beneficial VAT planning and tax mitigation (and/or deferral).

We are also able to arrange for yacht finance and vessel insurance, and will take care of any project management requirements in addition to the day-to-day maintenance and management of the vessel.

In short, we take care of all aspects of yacht ownership providing owners with a single and dedicated point of contact for the ongoing management of their vessel.

We can also provide registration services from:

  • Luxembourg
  • Madeira (Portugal)
  • Malta
  • Mauritius
  • Seychelles

For more information and an exploratory discussion without obligation please contact one of our consultants listed below:

James Porter - MANAGER – BUSINESS DEVELOPMENT
Tel: 
Fax: 
Mobile: 
+44 1624 818825
+44 1624 818831
+44 7624 218825
Email: james.porter@ocra.com
Tarryn Boland-Porter, BA (Hons) - SENIOR ASSOCIATE
Tel: 
Fax: 
Mobile: 
+44 1624 811043
+44 1624 818831
+44 7624 211043
Email: boland-porter@ocra.aero

PRIVATE JET / AIRCRAFT REGISTRATION AND MANAGEMENT

The Isle of Man checks all the boxes for owners wishing to take advantage of the Island's easy operating distance from the UK and Europe. It is open to all non-commercial aircraft including private jets, corporate jets and helicopters, and has secured the coveted single letter "M" prefix.

The island has structured its registration service to maximise benefits for aircraft owners. It operates its own mortgage registry, offers no insurance premium tax and a competitive scheme of charges.

The small scale of the register is likely to appeal to owners who will find it more user-friendly and less bureaucratic, and its Civil Aviation Team is able to travel, outside of business hours where necessary, to accelerate the registration process.

For more information and an exploratory discussion without obligation please contact one of our consultants listed below:

James Porter - MANAGER – BUSINESS DEVELOPMENT
Tel: 
Fax: 
Mobile: 
+44 1624 818825
+44 1624 818831
+44 7624 218825
Email: james.porter@ocra.com

PRIVATE JET APPRAISALS, SALES AND ACQUISITIONS

OCRA Aerospace takes pride in utilising its 21 global locations around the world to optimise exclusively, its research to find the perfect aircraft to meet your mission profile. Our services are indeed bespoke, discreet and in most cases we concentrate on the "off-market" aircraft, therefore, enabling us to locate premium aircraft before they are officially listed on the open market. During this process we use a combination of analytical tools, worldwide databases, comparisons and expertise to assist you to make the right choice for the aircraft that matches your need.

We wish to ensure that the whole aircraft ownership process is indeed enjoyable and that you receive the aircraft that you want within the agreed budget adding that unique value without compromise.

For more information and an exploratory discussion without obligation please contact one of our consultants listed below:

James Porter - MANAGER – BUSINESS DEVELOPMENT
Tel: 
Fax: 
Mobile: 
+44 1624 818825
+44 1624 818831
+44 7624 218825
Email: james.porter@ocra.com

INTERNATIONAL TAX MANAGEMENT - COMPLIANCE

Our international team of lawyers, accountants and commercial experts are fully conversant with international business and the world's tax treaties and are therefore able to offer you a bespoke advisory service which includes:

  • Advice on the selection, establishment and maintenance of company or trust structures
  • Advice on the establishment and maintenance of foundations
  • Advice to clients seeking to establish or restructure international or offshore operations
  • Advise on market entry into China, Asia and Europe
  • Advice on matters relating to out-sourcing and procurement in China
  • Corporate structuring, financial engineering and tax and VAT planning
  • Assistance with the implementation of trading, investment and other structures
  • Advice on domestic and overseas property ownership
  • Contractual matters, billing and other day-to-day affairs of corporate structures
  • Advice on utilising structures domiciled in high tax areas for international tax planning
  • Advice and implementation of business start-ups
  • Advice and implementation of cubicle/physical presence operations
  • Expertise in utilising double tax treaties

For more information and an exploratory discussion without obligation please contact one of our consultants listed below:

Ciara Jacobs, BA, ACA - FINANCIAL CONTROLLER
Tel: 
Fax: 
Mobile: 
+44 1624 818888
+44 1624 818887
+44 7624 218828
Email: ciara.jacobs@ocra.com

E-GAMING SERVICES

The Isle of Man has been white-listed by the UK Gambling Commission allowing Isle of Man licensees to advertise in the UK Markets this has enhanced the Isle of Man's world-class reputation as an e-Gaming jurisdiction whose priority is:

  • Keeping gambling crime free
  • The protection of the young and vulnerable
  • Ensuring that facilities offered by licence holders are fair and that players receive their true winnings.

The Isle of Man has an advanced telecommunications infrastructure offers gaming specific expertise and industry leading DDOS mitigation solutions. In addition the Islands competitive and simple tax strategy provides low betting duty of between 1.5% and 0.1% on gross gaming yield.

Our Team in the Isle of Man will supply support for the application process which should take between 10-12 weeks to complete however not all gaming business activities require a licence in the Isle of Man, peripheral activities such as marketing, software skill games and disaster recovery can be hosted or carried out without the need for an Online Gambling Regulation Act 2001 (OGRA) licence.

We would welcome the opportunity to assist you with any of these services. Call us direct on +44 1624 811000 or make contact now for a free explanatory discussion without obligation.

TRANSFER OF MANAGEMENT SERVICES TO OCRA WORLDWIDE

For private and corporate clients who are either dissatisfied with their current administrators or for clients who wish to consolidate their international corporate services through a dedicated point of contact, OCRA Worldwide can arrange to take over the management and administration of existing companies, trusts and other structures at no initial cost to the client.

For more information and an exploratory discussion without obligation please contact one of our consultants listed below:

James Porter - MANAGER – BUSINESS DEVELOPMENT
Tel: 
Fax: 
Mobile: 
+44 1624 818825
+44 1624 818831
+44 7624 218825
Email: james.porter@ocra.com

DOING BUSINESS IN THE ISLE OF MAN

The Isle of Man is situated in the heart of the British Isles midway between England and Ireland. It is an established international finance centre, with a secure base built on political stability, low taxation and a firmly established fiscal and regulatory environment independent of the UK. Established here in 1975, OCRA (Isle of Man) Limited is considered one of the island's leading corporate and trust service providers.

KEY ADVANTAGES

**Voted the "Best Offshore Financial Services Centre" for seven of the last eight years.**

  • Close proximity to Europe.
  • Sophisticated banking infrastructure.
  • A supportive government with a fiscal and legislative framework that positively encourages the Island's financial services sector.
  • A policy of low taxation for both individuals and companies.
  • A reputation for world-class regulatory standards offering a flexible and non-bureaucratic approach.
  • A politically and economically stable environment. The Isle of Man has a Standard & Poor's "AA+" Country Risk Rating.
  • The capacity for sustained growth.
  • An established and mature financial services sector.
  • World class communications and digital telecommunications infrastructure that fully considers the requirements of Internet technology businesses.
  • Uncompromising commitment to maintaining high service and compliance standards
  • A suitable base for EU VAT management

ABOUT THE ISLE OF MAN

The Isle of Man is situated in the middle of the Irish Sea around 50 miles from the coast of England. It is the only location in the British Isles that on a clear day you can see the five kingdoms of England, Ireland, Scotland, Wales and of course, the Isle of Man from standing at just one point. The scenery is spectacular.

The Isle of Man is not part of the UK or EU, but it is a crown dependency.

The Isle of Man has a low crime rate, good standard of living, excellent Health Services, Schools, to name but a few of the attractions of living on the Island.

In an effort to attract high net worth individuals to the Island the Government has increased the cap on Income Tax at £120,000 for the tax year beginning on 6th April 2012. The tax cap of £120,000 is doubled for jointly assessed couples.

With frequent flights to and from the Island the UK is only 30 to 60 minutes flying time away and the world class telecommunications system means that business can be conducted with very little delay - "it can take longer to commute through cities and traffic jams than it does to fly to the UK destinations"!

The extension to the Islands Airport means that international flights are available direct from the Isle of Man and private flights to and from the Isle of Man are permitted by jet and helicopter.

The Isle of Man offers no:

  • Corporation Tax (save banks and property companies which pay 10%)
  • Capital Gains Tax
  • Inheritance Tax

There are specific rules in the Isle of Man that determine tax residence by physical presence and those wishing to re locate to the Isle of Man should take suitable professional advice.

For the general population the Islands maximum income tax rate is 20% and generous tax-free allowances (making a large part of income taxable at 10%) makes the Isle of Man an attractive place to work and raise a family with a higher standard of living, less stress and time to "smell the roses".

In general the property prices are higher than in the Northern part of the UK and considerably cheaper than London and the Home Counties.There is no Council Tax and low property rates.

VAT is at 20% (identical to the rate in the UK).

For further information on the services provided please submit an enquiry or contact us directly.

BUSINESS SERVICES

OCRA Worldwide's original and largest business centre, OCRA Isle of Man offers a comprehensive range of business solutions to corporations and entrepreneurs wishing to establish a physical presence on the Isle of Man, one of Europe's premier offshore financial centres, offering Zero corporate tax and capped rates of personal income tax.

The Island's Government has positively encouraged economic growth in recent years by creating a sympathetic tax regime and suitable legislative framework for expansion and by offering financial incentives where necessary, particularly for the manufacturing industry and tourism. In addition, the establishment of a Freeport on the Island has assisted the manufacturing sector to become one of the major income earners.

Whilst other offshore centres have become overcrowded and expensive, the Isle of Man is in the fortunate position of being able to provide affordable high-quality commercial and residential accommodation in a spacious and scenic environment. It has the capacity for sustaining growth for many years while continuing to retain these virtues.

For further information on the services provided please submit an enquiry or contact us directly.

ISLE OF MAN PRIVATE LIMITED COMPANIES

This type of company can be used for:

  • VAT Registration
  • Asset Management and Holding
  • International Trading Activities
  • Ronaldsway Freeport Access
  • E-commerce Services
  • Aircraft Registration
  • Marine Registration

Benefits of a Isle of Man Private Limited Company

  • Limited Liability
  • Minimum Government Fee £360
  • Corporate Tax of 0% - 10% (banking, insurance or Isle of Man property holding pay 10%)
  • Beneficial Ownership may remain confidential by the use of Corporate Shareholders
  • No Capital Gains Tax
  • No Stamp Duty
  • Withholding Tax on taxable distributions to non-residents is the same as the rate of tax paid by the Company which is currently zero.
  • Corporate Shareholders can be used to protect the identity of the ultimate beneficial owners
RELATED RESOURCES
Information Downloads & Order Forms

Isle of Man Private Limited Fact Sheet
Isle of Man Private Limited Order Form

For more information and an exploratory discussion without obligation please contact one of our consultants listed below:

James Porter - MANAGER – BUSINESS DEVELOPMENT
Tel: 
Fax: 
Mobile: 
+44 1624 818825
+44 1624 818831
+44 7624 218825
Email: james.porter@ocra.com
Andrew Kinrade, MInstAM - SENIOR MANAGER
Tel: 
Fax: 
Mobile: 
+44 1624 818822
+441624 811023
+44 7624 218822
Email: andrew.kinrade@ocra.com
Stephen Porter - GROUP DIRECTOR
Tel: 
Fax: 
Mobile: 
+44 1624 811008
+44 1624 811088
+44 7624 211008
Email: stephen.porter@ocra.com

ISLE OF MAN HYBRID COMPANIES

This type of company can be used for:

  • Establish Mutual Association
  • Charities
  • Clubs
  • Non profit making associations
  • Aircraft Registration
  • Marine Registration

Benefits of an Isle of Man Hybrid Company

  • Company limited by guarantee and having a share capital.
  • Minimum Governmentfee £360
  • The Hybrid Company is not subject to the rule against perpetuities, whereas an Isle of Man Trust has a maximum life of 150 years
  • A Hybrid Company can Trade
  • The articles of a Hybrid company can provide for a "Protector"
  • Beneficial Ownership may remain confidential by the use of Corporate Shareholders
RELATED RESOURCES
Information Downloads & Order Forms

Isle of Man Hybrid Fact Sheet
Isle of Man Hybrid Order Form

For further information on the services provided please submit an enquiry or contact us directly.

ISLE OF MAN NEW MANX VEHICLES "NMV"

This type of company can be used for:

  • VAT Registration
  • Asset Management and Holding
  • International Trading Activities
  • Investment Holding
  • Aircraft Registration
  • Marine Registration

Benefits of an Isle of Man New Manx Vehicle "NMV"

  • Flexible can be: limited by shares, limited by guarantee, limited by shares & guarantee, un limited company without shares or unlimited company with shares
  • Minimum Government Fee £360
  • Corporate Tax of 0% - 10% (banking, insurance or Isle of Man property holding pay 10%)
  • Beneficial Ownership may remain confidential by the use of Corporate Shareholders
  • No Capital Gains Tax
  • No Stamp Duty
  • Withholding Tax on taxable distributions to non-residents is the same as the rate of tax paid by the Company which is currently zero.
RELATED RESOURCES
Information Downloads & Order Forms

Isle of Man NMV Fact Sheet
Isle of Man NMV Order Form

For more information and an exploratory discussion without obligation please contact one of our consultants listed below:

James Porter - MANAGER – BUSINESS DEVELOPMENT
Tel: 
Fax: 
Mobile: 
+44 1624 818825
+44 1624 818831
+44 7624 218825
Email: james.porter@ocra.com
Andrew Kinrade, MInstAM - SENIOR MANAGER
Tel: 
Fax: 
Mobile: 
+44 1624 818822
+441624 811023
+44 7624 218822
Email: andrew.kinrade@ocra.com
Stephen Porter - GROUP DIRECTOR
Tel: 
Fax: 
Mobile: 
+44 1624 811008
+44 1624 811088
+44 7624 211008
Email: stephen.porter@ocra.com

ISLE OF MAN LLCs

This type of company can be used for:

  • VAT Registration
  • Asset Management and Holding
  • International Trading Activities
  • Investment Holding
  • Aircraft Registration
  • Marine Registration

Benefits of an Isle of Man LLC Company

  • Limited Liability
  • Minimum Government Filing Fee £85
  • Corporate Tax - Fiscally transparent
  • Beneficial Ownership may remain confidential
  • No Capital Gains Tax
  • No Stamp Duty
  • Withholding Tax on taxable distributions to non-residents is the same as the rate of tax paid by the Company which is currently zero.
RELATED RESOURCES
Information Downloads & Order Forms

Isle of Man LLC Fact Sheet
Isle of Man LLC Order Form

For more information and an exploratory discussion without obligation please contact one of our consultants listed below:

James Porter - MANAGER – BUSINESS DEVELOPMENT
Tel: 
Fax: 
Mobile: 
+44 1624 818825
+44 1624 818831
+44 7624 218825
Email: james.porter@ocra.com
Andrew Kinrade, MInstAM - SENIOR MANAGER
Tel: 
Fax: 
Mobile: 
+44 1624 818822
+441624 811023
+44 7624 218822
Email: andrew.kinrade@ocra.com
Stephen Porter - GROUP DIRECTOR
Tel: 
Fax: 
Mobile: 
+44 1624 811008
+44 1624 811088
+44 7624 211008
Email: stephen.porter@ocra.com

ISLE OF MAN LIMITED PARTNERSHIPS

This type of company can be used for:

  • VAT Registration
  • International Trading Activities
  • Aircraft Registration
  • Marine Registration

Benefits

  • Minimum Government Filing Fee £85
  • Corporate Tax of 0%, partners are taxed on their personal income.
  • Maximum number of partners, twenty
  • Liability limited to capital contribution of the partner
  • Limited partners can be replaced or leave without dissolving the limited partnership
RELATED RESOURCES
Information Downloads & Order Forms

Isle of Man Limited Partnership Fact Sheet
Isle of Man Limited Partnership Order Form

For further information on the services provided please submit an enquiry or contact us directly.

ISLE OF MAN TRUSTS

Our inhouse experts advise clients on the provision of the best structure for wealth protection utilising the Isle of Man or other offshore jurisdictions.

Advantages of an Isle of Man Trust:

  • The Isle of Man Trust Deeds are not publicly registered
  • Wealth protection
  • Tailored to specific family requirements
  • Recognised in all common law jurisdictions
  • Increasing recognition in important civil law jurisdictions
  • An important tool in international income, capital gains and stock options schemes, insurance plans and special financing arrangements.

For further information on the services provided please submit an enquiry or contact us directly.

ISLE OF MAN FOUNDATIONS

The introduction of the Isle of Man Foundation Act in 2012 has provide the Isle of Man with a vehicle that has the ability to manage its own assets in its own name and arrange for its own funding.

Our inhouse experts can advise clients on the selection of the best Isle of Man vehicle for wealth protection or the use of foundation services from other offshore jurisdictions.

Advantages of an Isle of Man Foundation:

  • Excludes forced heirship
  • The Foundation Instrument will be recorded in the public records
  • Separate legal personality
  • Limited liability
  • Can arrange for its own funding
  • Beneficiaries can be named on establishment or at a later date
  • No initial property is required for establishment
  • The founder can be a "beneficiary" or an "enforcer" of the foundation

For further information on the services provided please submit an enquiry or contact us directly.

BROCHURES & DOWNLOADS

Download the following PDF documents for reference:

ISLE OF MAN INFORMATION DOWNLOADS

Doing Business in the Isle of Man Isle of Man Hybrid Company Incorporation Isle of Man Business Services Questionnaire
Isle of Man New Manx Vehicle "NMV" Isle of Man Limited Partnership Isle of Man Private 1931 Company
Isle of Man Trusts Isle of Man Foundations
Visit our Offshore Knowledge Base on ocra.com for information on over 90 other key jurisdictions

BROCHURE DOWNLOADS

OCRA WORLDWIDE BROCHURE

Available in 12 languages, right click and select ‘save target as’ to download your copy now:

OCRA AVIATION BROCHURE

An introduction to our Aircraft Registration and Management services.

DOWNLOAD

OCRA MARINE BROCHURE

An introduction to our Yacht and Superyacht Registration and Management services.

DOWNLOAD

OCRA E-GAMING BROCHURE

An introduction to our
e-Gaming services.

DOWNLOAD

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NOT SURE WHAT YOU NEED?

Email us your requirements and receive a Free Explanation or call +44 1624 811000.

One of our consultants will contact you directly to assist you with your requirements.

Please Note:
Completed Questionnaires and Order Forms should be sent to ocra@ocra.com

NEW CLIENTS

Download the relevant questionnaire below if this is the first time you are applying for our services:

Terms of Business Company Questionnaire Isle of Man Trust Services Isle of Man Foundation Services Yacht Registration & Management Services Aircraft Registration & Management Services

EXISTING CLIENTS

Download the relevant Order Form below if you are an existing client with a repeat order, an intermediary, or if you have a detailed understanding of your requirements. You may also wish to download our Shelf List at the same time:

Offshore Company Order Form Isle of Man Limited Company Order Form Isle of Man New Manx Vehicle "NMV" Order Form Isle of Man LLC Order Form Isle of Man Hybrid Company Order Form Isle of Man Limited Partnerships Order Form Isle of Man Trusts Order Form Isle of Man Foundation
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View a List of Available Shelf Companies Here
View Order Forms for other Jurisdictions Here

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OCRA (Isle of Man) Limited has established over 200,000 companies and trusts onshore and offshore worldwide. Our policy is clear. All queries are taken seriously and you would be answered individually by an experienced client services director in STRICT professional confidence.
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CONTACT US

OCRA (Isle of Man) Limited
Grosvenor Court
Tower Street
Ramsey
Isle of Man
IM8 1 JA
British Isles

T: +44 1624 811000
F: +44 1624 811001
E: ocra@ocra.com

Languages Spoken: English

Time in Isle of Man is:

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Disclaimer: Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other professional advice. OCRA Worldwide does not accept any responsibility, legal or otherwise, for any errors or omission.