Isle of Man Offshore Trust

Village in the Isle of ManVillage Isle of Man

Financial Services Act 2008 (Consolidated to 2011)

About Isle of Man

Agriculture, fishing and tourism were traditional mainstays of the Isle of Man but the Island's government has encouraged economic growth by creating a beneficial tax regime and by offering financial incentives to manufacturing and tourism.

The island is a popular place for companies from emerging markets, and financial services account for 34 per cent of it's annual income. Professional services, online betting and aerospace have become significant in the past decade.

The Financial Services Act 2008 is the primary legislation and sets out the requirements for licensing Corporate Service Providers and Trust Service Providers. Previously, the Fiduciary Services Acts 2000 and 2005 were the statutory basis for regulating fiduciaries. They were repealed by the FSA 2008.

Offshore Trust Providers

Abacus Trust Company Limited
Provides fiduciary and professional administration services specialist.

Aston International
Provides corporate and trust services.

Baker Tilly Isle of Man Fiduciaries Limited
Help establish corporate and trust structures in the Isle of Man.

Cayman National Isle Of Man
Establishment and administration of Isle of Man Trusts.

DFK Chancery
Specialise in the provision of offshore company and trust formation, administration, and management.

Charterhouse Lombard Ltd
Incorporation and administration of fiduciary trusts and foundations.

Colaw International Limited
Provides trust and corporate services.

Hillberry Trust Company Limited
Provides international trust and company management services.

I-Cap Group
Corporate and trust service provider.

Background Facts
Isle of Man is located in Western Europe in the Irish Sea, between Great Britain and Ireland

Population: 85,421 (2012 est.)
Capital: Douglas
Dialing code: 44
Currency: UK £, Manx pound
Exchange control:
The Isle of Man has no exchange controls
British crown dependency
Official language: English
Legal System:
The laws of the UK where applicable apply and include Manx statutes

Bank Legislation:
(.PDF Downloads)

Financial Services Act 2008 (Consolidated to 2011)