Isle of Man
Located in the Irish Sea, the Isle of Man is not part of the United Kingdom, but is a Crown Dependency. The Island is not a member of the European Union although it does enjoy associate membership through its links with the UK and has the world’s oldest continuous parliament – Tynwald - dating back more than 1000 years to 979AD.
The Isle of Man is respected worldwide as a well regulated international financial centre, enjoying levels of political and economic stability few other countries are able to match. With a government actively encouraging creative business concepts, the Isle of Man is an ideal location for operating innovative and secure financial structures. A wide range of businesses are attracted to the Isle of Man due to the overall package of benefits and solutions available, including the range and quality of professional services on offer, modern and flexible companies legislation, tax efficiency and confidence in a high standard of regulation and supervision.
The Isle of Man has a well deserved reputation for working with private sector companies to create a business-friendly culture as it recognises the importance of generating successful business on the island in order to stimulate the local economy. The ICM Group of Companies works closely with the Isle of Man Government to help foster as attractive a regulatory and fiscal environment as possible.
The Isle of Man is the flag of choice for many of the world’s superyachts and the successful Isle of Man Ship Registry – originally established in 1786 – was recently voted the world’s best by the International Maritime Organisation. A recent update is available here.
The outstanding success of the Isle of Man Aircraft Registry, is evident in the fact that more than 560 aircraft have been registered and the M-prefix is proving to be extremely popular. A recent list of M-reg aircraft is available here courtesy of Bones Aviation.