Offshore Common Law
Insurance captives and ILS structures, Isle of Man
The Isle of Man Financial Services Authority supervises a long established captive insurance market under the Insurance Act 2008. Used widely for protected cell companies and group captives.
IOMFSAInsurance Act 2008Protected Cell
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