Isle of Man Accountancy Services from Boothmans

Accountancy solutions at both international and local level.

Whatever the needs of your business, Boothmans can help. We offer all the services associated with a Chartered Accountancy practice, and we aim to provide all our clients with solutions tailored to the exact requirements of their business needs. Whatever your problem, we have the solution.

Taxation planning on a corporate and personal basis.

A working knowledge of prevailing fiscal conditions and the minutiae of corporate legislation within the many on and off-shore jurisdictions across the globe can offer great scope for a company or individual to reassess, streamline, and mitigate their business costs and tax liability.

Oakfield Corporate Services Limited (OCSL), the CSP associate entity of Boothmans (Isle of Man) Limited, offers the fiscal engineering necessary to help you revaluate and reform your susceptibility to the hand of taxation. Offshore company, trust and property holding can all serve to limit one’s vulnerability – and hide one’s assets from business rivals or recalcitrant relatives. Contact us for more details, or go to the Oakfield website.

VAT registration and preparation.

At Boothmans we can help your business through the processes of VAT registration and preparation – contact us for more details.

Isle of Man audit work.

As a Chartered accountancy firm, we offer the full range of auditing services to our clients, aiming to gain a full understanding of your business and the risks it may face. The benefits of a through audit are manifold; it can give a better understanding of any potential problem areas for your business, ensure the correct payment of taxes, and aid confidence of stakeholders or potential buyers. For more information, contact us.

Advice for businesses and individuals relocating to the Isle of Man.

Relocating to the Isle of Man offers many advantages to both businesses and individuals. Our tax regime is among the most favourable in the world;

A 0% rate of Corporate Tax
No Capital Gains Tax or Capital transfer tax
No Stamp Duties
Income tax capped at a rate of 18% and payment £100,000 PA.

Quite aside from the financial impetus toward moving here, residents of the Island enjoy one of the world’s highest standards of living, with little crime and negligible pollution. To find out more about the advantages of such a move – and how we can help facilitate it – do not hesitate to contact us.

Commercial Services from Oakfield Corporate Services

Company incorporation, administration and registered office provision.

Company formation can offer many advantages with regards to tax planning, wealth protection, foreign property ownership, and easing cross-border business – services which we feel are of great importance in assuring the continued independence and prosperity of High Net Worth Individuals the world over. As related on the website of the Manx government, there are currently several basic entities which are capable of being used in an effective tax planning strategy involving the Isle of Man.

Our associates, Oakfield Corporate Services, specialise in the provision of company services to those wishing to utilise the many advantages of Manx company formation. Furthermore, Oakfield and its agents operate in numerous different jurisdictions around the world – meaning that we really can provide you with a comprehensive company servicing.

Company incorporation, administration, and the provision of a registered office for your company are therefore amongst the most crucial services that Boothmans (Isle of Man) Limited can offer. Our associated entity, the Oakfield Group, is an Isle of Man based Corporate Service Provider, licensed by the Financial Supervision Commission (FSC) of the Manx Government, to offer a wide range of efficient and reliable company services. More on the FSC can be read here, along with a more comprehensive list of the company services offered by Oakfield.

Fiduciary and other Trust services.

A trust is an arrangement is an arrangement whereby property is transferred by an individual (the settler) to another (the trustee) who holds the property for the benefit of specific people (the beneficiaries). A trust is an excellent way to protect assets, disguise ownership, protect your family upon your death, and restructure your liability to taxation.

A trust relationship will often be referred to as a fiduciary relationship; again, such a relationship is one in which property or power entrusted in an individual, known as the trustee, for the benefit of another, referred to as the beneficiary. Trust law is based around such a relationship; and at Oakfield we have the expertise to make these laws work for you. Many advantages can accrue from such a relationship; placing one’s assets in a trust can serve to reduce tax liability, hide assets from creditors, or ensure an orderly transfer of assets to one’s loved ones prior to one’s death. To read of the other beneficial services can be gained by trust formation; see the Oakfield website for more details.

Legal and contractual payments specialists.

We at Boothmans Limited can also handle all your payroll requirements; our associate entity, Island Contract Management (ICM), specialises in providing subcontracting payments solutions to thousands of clients across the U.K and Europe. If you have been affected by IR35, are self-employed, or seeking to maximise your income, do not hesitate to contact us.

Internet Gambling.

Following the Manx government’s 2005 change in regulations, the online in the Isle of Man will accept bets from citizens of the United States. The Manx government is keen to encourage online casinos to locate to the island; for more information on the Manx licensing, tax policy for casinos, and the advantages of an offshore jurisdiction, contact us.

Shipping Registration.

The Isle of Man provides a convenient base for ship management operations, which take advantage of the low costs involved in operations from the Island, and from the beneficial tax regime which exists in it. Furthermore, the Isle of Man Shipping Register, as a component member of the British Ship Register, enjoys all the advantages of a professional service and British prestige – the right to use the ‘Red Ensign’, for example, and to utilise British Consular services throughout the world.

Ship owners, managers and charterers may thus take advantage of the favourable Isle of Man taxation regime designed to encourage and support shipping business – for more information on an island-based tax planning strategy for your maritime assets, do not hesitate to contact us. The Oakfield group can help tailor a individual solution to your situation, incorporating companies and trusts to maximise your fiscal efficiency.

IOM Goverment information on Shipping Registration can be found here.

Aircraft Registration.

Many benefits can accrue to the individual or company registering aircraft of the Isle of Man; our high regulatory standards, quality international reputation, and favourable tax regime make the island a highly attractive jurisdiction in which to register your aircraft; and we can aid you in this process. For more information, please contact us

IOM Goverment information on Aircraft Registration can be found here.