Foreign Investment

There are no exchange controls

Except for the items listed in (1) and (2) below there are no withholding taxes on payments made by companies to non-residents.

1. Rents paid by a company to a non-resident company will suffer a withholding tax of 10%.
2. Rents and other taxable payments (such as remuneration) paid by a company to a nonresident individual will suffer a withholding tax of 18%.

There are no authorisations required for borrowing in the Isle of Man and there are, in general, no restrictions on lending to or borrowing from a foreign company. Subject to their complying with the relevant regulatory “know your customer /customer due diligence” requirements, there are no restrictions on foreigners holding bank accounts in the Isle of Man. There are no restrictions on Island residents holding bank accounts abroad.