Boothmans, Chartered Accountants, Isle of Man

The Isle of Man lies in the Irish Sea, in the centre of the British Isles. Never formally part of the UK, the Island enjoys its own autonomy and proudly boasts the oldest democratic government in the world - founded over 1000 years ago.

The population of approximately 75,000 enjoy not only a politically stable climate, but an economy that is buoyant, with no unemployment and a high standard of living.

Approximately one third of the national income is derived from the financial sector. The financial sector is one of the best regulated in the world. The Financial Services Commission, appointed by the Government, controls the sector through statute and guidelines.

Key Isle of Man facts:

strategic position with good air and sea links
low personal tax (maximum 18%)
no capital gains or inheritance tax
no tax on exempt companies
low population density
high quality of life
first rate telecommunications and banking services