Locations

Isle of Man

The Isle of Man is a self-governing Crown dependency, located in the Irish Sea at the geographical centre of the British Isles. The island is not part of the United Kingdom, but foreign relations, defence, and ultimate good-governance of the Isle of Man are the responsibility of the government of the United Kingdom.

• Personal Income Tax up to a maximum of 18%
• Strong Financial Services industry  

The Economy

The booming economy of the Isle of Man is largely due to the success of the financial services industry - the largest sector on the Island. The main activities of the sector include deposit-taking, asset protection and management, packaged investments such as unit trusts, life assurance and also corporate management. Markets for these services are world-wide and the Isle of Man has built an exceptional reputation as a centre of excellence for expatriate banking. Offshore banking, manufacturing, and tourism form key sectors of the economy. The Isle of Man is a 'so-called' low tax economy with no capital gains tax, wealth tax, stamp duty or inheritance tax and a top rate of income tax of 18%. The rate of corporation tax is 0% for almost all types of income.  The only exceptions are that the profits of banks are taxed at 10%, as is rental (or other) income from land and buildings situated on the Isle of Man.

Immigration

The work permit arrangements allow employers based in the Isle of Man to employ people who are not Manx workers and are not entitled to work in the Island.  Work Permits do not find jobs for people, nor people for jobs.

Typical roles available in the Isle of Man

Within Practice, recruitment is at all levels, from Audit Senior up to Director and Partner levels:

• External Audit
• Internal Audit
• Tax
• Actuarial
• Corporate Finance
• Forensic
• IT Advisory
• Restructuring  
• Transaction Services

Industry sectors typically include:

• Financial Services particularly Investment Banks
• Insurance (Captive & Re-Insurance)
• Retail
• Hospitality

Within Financial Services:

• Internal Audit
• IT Audit
• Financial Analysts