Home > Jurisdictions > Offshore Jurisdictions > Isle of Man

Full Name: Isle of Man
Geographical Area: Western Europe, island in the Irish Sea, between Great Britain and Ireland, 50 km (31 miles) from Ireland and 50 km (31 miles) from the U.K.
Terrain and Climate: hills in north and south bisected by central valley temperate; cool summers and mild winters; overcast about one-third of the time
Population: 76,220 (July 2008)
Ethnicity: Manx (Norse-Celtic descent), Britons
Capital: Douglas
Government: British crown dependency, parliamentary democracy, the laws of the UK, where applicable, apply and Manx statutes, bicameral Tynwald consists of the Legislative Council (11 seats; members composed of the President of Tynwald, the Lord Bishop of Sodor and Man, a nonvoting attorney general, and 8 others named by the House of Keys) and the House of Keys (24 seats; members are elected by popular vote to serve five-year terms)
Major Languages: English and Manx Gaelic
Major Religion: predominantly Anglican, Roman Catholic, Methodist, Baptist, Presbyterian
Life Expectancy: 78.8 years
Monetary Unit: Isle of Man pound (IMP), also known as the Manx pound
note: the British pound is also legal tender
Exchange Controls and Taxation:
Stamp Tax:
Main Exports: tweeds, herring, processed shellfish, beef, lamb
Compulsory Education:
GDP: $35,000 (2005)
Annual Growth Rate:
Major Industry: financial services, light manufacturing, tourism
Communication: Similar to UK
Internet: .im
International dialing code: 1 + 44
Known as “low or no tax-zone” for qualified individuals
Number of Banks: 54 Banks
Head of State: chief of state: Lord of Mann Queen Elizabeth II (since 6 February 1952); represented by Lieutenant Governor Sir Paul K. Haddacks (since 17 October 2005) head of government: Chief Minister Tony Brown (since 14 December 2006)
Radio: AM 1, FM 1,
Television: 0 (receives broadcasts from the UK and satellite) (1999)
Time Zone: UTC 0 (five hours ahead of Washington, DC during Standard Time)
daylight saving time, +1 hr, begins last Sunday in March; ends last Sunday in October
Airport: 1
Bank List

Abbey National International Limited
Abbey National PLC
AIB Bank (Isle of Man) Limited
Alliance & Leicester Commercial Bank PLC
Alliance & Leicester International Limited
Alliance & Leicester PLC
Anglo Irish Bank Corporation (I.O.M.) PLC
Bank of Bermuda (Isle of Man) Limited
Bank of Ireland (I.O.M.) Limited
Bank of Scotland International Limited
Barclays Bank PLC
Barclays Private Clients International Limited
Barclays Private Bank & Trust (Isle of Man) Limited
Bradford & Bingley International Limited
Britannia International Limited
Cayman National Bank & Trust Company (Isle of Man) Limited
Celtic Bank Limited
Close Bank (Isle of Man) Limited
Close Trustees (Isle of Man) Limited
Clydesdale Bank PLC
Conister Trust PLC
Coutts (I.O.M.) International Limited
Coutts (Isle of Man) Limited
Duncan Lawrie (IOM) Limited
Fairbairn Private Bank (IOM) Limited
First Trust Bank (I.O.M.) Limited
Habib European Bank Limited
Halifax PLC
HSBC Bank International Limited
HSBC Bank PLC
HSBC Private Bank (Guernsey) Limited
HSBC Trustee (Isle of Man) Limited
HSBC Custody Services (Isle of Man) Limited
Irish Nationwide (IOM) Limited
Irish Permanent (IOM) Limited
Isle of Man Bank Limited
Lloyds TSB Offshore Limited
Merrill Lynch Bank and Trust Company (Cayman) Limited
Nationwide International Limited
Northern Bank (I.O.M.) Limited
Northern Bank Limited
RBSI Custody Bank Limited
Singer & Friedlander (Isle of Man) Limited
Standard Bank Isle of Man Limited
T J Beer & M A Jordan, Joint Liquidators of Savings & Investment Bank Limited
The Co-operative Bank PLC
The Derbyshire (Isle of Man) Limited
The Governor and Company of the Bank of Scotland
The Royal Bank of Scotland International Limited
The Royal Bank of Scotland Trust Company (I.O.M.) Limited
The Royal Bank of Scotland PLC
The Standard Bank of South Africa
Ulster Bank (Isle of Man) Limited
Zurich Bank International Limited

Isle of Man

Full Name: Isle of Man
Geographical Area: Western Europe, island in the Irish Sea, between Great Britain and Ireland, 50 km (31 miles) from Ireland and 50 km (31 miles) from the U.K.
Terrain and Climate: hills in north and south bisected by central valley temperate; cool summers and mild winters; overcast about one-third of the time
Population: 76,220 (July 2008)
Ethnicity: Manx (Norse-Celtic descent), Britons
Capital: Douglas
Government: British crown dependency, parliamentary democracy, the laws of the UK, where applicable, apply and Manx statutes, bicameral Tynwald consists of the Legislative Council (11 seats; members composed of the President of Tynwald, the Lord Bishop of Sodor and Man, a nonvoting attorney general, and 8 others named by the House of Keys) and the House of Keys (24 seats; members are elected by popular vote to serve five-year terms)
Major Languages: English and Manx Gaelic
Major Religion: predominantly Anglican, Roman Catholic, Methodist, Baptist, Presbyterian
Life Expectancy: 78.8 years
Monetary Unit: Isle of Man pound (IMP), also known as the Manx pound
note: the British pound is also legal tender
Exchange Controls and Taxation:
Stamp Tax:
Main Exports: tweeds, herring, processed shellfish, beef, lamb
Compulsory Education:
GDP: $35,000 (2005)
Annual Growth Rate:
Major Industry: financial services, light manufacturing, tourism
Communication: Similar to UK
Internet: .im
International dialing code: 1 + 44
Known as “low or no tax-zone” for qualified individuals
Number of Banks: 54 Banks
Head of State: chief of state: Lord of Mann Queen Elizabeth II (since 6 February 1952); represented by Lieutenant Governor Sir Paul K. Haddacks (since 17 October 2005) head of government: Chief Minister Tony Brown (since 14 December 2006)
Radio: AM 1, FM 1,
Television: 0 (receives broadcasts from the UK and satellite) (1999)
Time Zone: UTC 0 (five hours ahead of Washington, DC during Standard Time)
daylight saving time, +1 hr, begins last Sunday in March; ends last Sunday in October
Airport: 1
Bank List