Offshore Common Law
E commerce sellers needing UK VAT alignment, Isle of Man
The Isle of Man shares a customs union and VAT area with the UK, with VAT registered at 20% above GBP 85K. Stripe and Wise both support IOM entities, unusual for a 0%-tax jurisdiction.
UK VAT areaStripe + WiseGBP currency
Start setup {placement} 4 min · no card required
Corp tax
0%
Fastest setup
5 days
Tax treaties
12
Region
Offshore
What you'll need
- No resident director required
- Local registered office required
- Economic-substance test applies
- Minimum capital: No minimum capital
- Administrative language: English
- Legal system: Common law
Tax and treaty profile
- Corporate tax 0%
- Tax treaties 12
- VAT rate 20%
- Withholding on dividends 0%
Key treaty partners
UKBahrainEstoniaGuernseyJerseyMalta
Banking and payments
- Banking takes 2 to 4 weeks with KYC
- Stripe supported
- Wise supported
- Crypto banking available
- EMI license framework available
Considerations
If you are a French or German tax resident
Isle of Man is rated high CFC risk for France and Germany. Controlled foreign company rules will likely attribute IOM income to the resident shareholder regardless of the 0% local rate. For EU residents look at:
High CFC risk FR/DEIncome attribution