OCRA worldwide

Home | Offshore Companies | Offshore Banking | Offshore Trusts | Introducers | Site Map | Search

offshore companies and banking graphic

Overview
International Trade
EU VAT & The Internet
E-Commerce
Internet Gambling
International Investment
European Holding Companies
Property Ownership
Yacht Ownership
Aircraft Ownership
Hybrid Companies
Trust Structures
Foundations
Personal Service Company
Payroll Solutions
Offshore Pensions
International Health Insurance
Virtual Office Solutions
Setting up a Business in
  Australia
  Britain
  Bulgaria
  China & Hong Kong
  Finland
  Isle of Man
  Luxembourg
  Malta
  Mauritius
  Romania
  Singapore
  Switzerland
  Vietnam

   

Setting up a Business in the Isle of Man

 
“The Jewel of the Irish Sea with the World’s Oldest Democracy”
 
 
Isle of Man business services Overview
Isle of Man business services The Economy
Isle of Man business services The Government
Isle of Man business services Laws, Regulations and Standards
Isle of Man business services Facts and Figures
Isle of Man business services The People
 

About the Isle of Man - The People

» Key Concepts

The Manx are similar to the English, are renowned for their politeness and courtesy. This is a key element of the culture and is a fundamental aspect of the communication style. When doing business in the Isle of Man you generally find that direct questions often receive evasive responses and conversations may be ambiguous and full of subtleties. Consequently, it is important to pay attention to tone of voice and facial expression, as this may be an indication of what is really meant.

The term “Stiff Upper Lip” is often used to describe the traditionally British portrayal of reserve and restraint when faced with difficult situations. The Manx people show similar reserve and constraint. In Manx culture open displays of emotion, positive or negative are rare and should be avoided. During meetings, this means your Manx colleagues will approach business with an air of formality and detachment.

Humour - a vital element in all aspects of Manx life and culture is the renowned British sense of humour. The importance of humour in all situations, including business contexts, cannot be overestimated. Humour is frequently used as a defence mechanism, often in the form of self-depreciation or irony. It can be highly implicit and in this sense is related to the British indirect communication style.

The Isle of Man is renowned for its Viking history and strong sense of tradition supported by a long-established system of government and economic stability dating back over 1,000 years.

» Business Practice and Etiquette

  • The average working week is 9.00am to 5.30pm. However, many executives work longer hours.
  • Business protocol and tradition demands punctuality when attending meetings. It is also best practice to arrange appointments several days in advance.
  • Businesses now deploy “Flat Hierarchical Structures” where the only divide is between managers and other ranks.
  • It is now common for businesses to employ younger than anticipated members who are deal makers.
  • Businessmen generally favour the establishment of pool working relationships with their subordinates.
  • Business entertaining can be conducted during any meal and generally whoever initiates is expected to pay.
  • It is customary to always shake hands. When being introduced or when meeting someone, as well as when leaving.
  • Business cards are welcomed in business culture and are generally exchanged at the end of business meetings.
  • During initial meetings business people will be generally cool, calm and give little away as to their intentions. It is not uncommon for the quietest member of a meeting to carry the most influence.
  • Once business relations have been established the Manx will not hesitate to speak their minds, or disagree, and generally businessmen like to establish long lasting business relationships.
  • In the Isle of Man it is customary to use first names almost immediately when conducting business with colleagues and business associates.
  • Businessmen to not appreciate hard sell or aggressive sales techniques and deplore any pressure that may be applied in the decision making process.
  • Misplaced or exaggerated praise is not appreciated in business culture.
  • It is considered to be impolite and rude to maintain eye contact (unless a point is being emphasised), to stand too close when speaking or to talk loudly. Businessmen do respect personal space and therefore keeping an acceptable distance is recommended.
  • It is considered rude to ask direct personal questions about occupation, income and background.
  • British dress code is generally conservative and the norm for both men and women is to wear smart, well tailored attire using darker colours. Many companies have now introduced more “dressed down” attire but this generally relates to the high tech and core industries.


Back to top

Print Page | Email Page

Jurisdiction Info »
OCRA Newsletter
For the latest tax
management news
subscribe here.
 
OCRA worldwide
Terms & Conditions | Legal Warnings | Licensing | Privacy Policy   © OCRA Worldwide 1995 - 2008 BBC Viewers click here for your free offers