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Company setup cost in the Isle of Man

Official fees, firms' starting prices and registration time, with the source of every figure.

Company setup cost

Isle of Man

2. Choose a company type
Official fees only, at setup GBP 100 + firms' fees (on request) about EUR 119
Official fees only, every year GBP 380 + firms' fees (on request) about EUR 454
Registration time 1 to 2 days once the application is complete

Official fees are paid to the authorities in any case. The total cost depends on the firm's fees for formation, accounting, registered office and company secretary, which firms in the Isle of Man quote on request.

Get quotes from firms in the Isle of Man Free. We email you the detailed report and share your request with firms we select in the Isle of Man, who quote their fees.

Services from a firm

Starting prices published by firms on Accountanty, one price per firm.

  • Price on requestFewer than 5 firms publish a price (2)
  • Price on requestFewer than 5 firms publish a price (3)
  • Price on requestFewer than 5 firms publish a price (1)
  • No published prices
  • Price on requestFewer than 5 firms publish a price (1)

Breakdown of the estimate

Incorporation, standard service (within 48 hours)GBP 100Official, at setupgov.im
Annual return, standard company, filed on timeGBP 380Official, every yeargov.im
Company formation by a firmPrice on requestFirms, one-offFewer than 5 firms publish a price (2)
Accounting and annual accounts (small company)Price on requestFirms, per yearFewer than 5 firms publish a price (3)
Registered office or legal addressPrice on requestFirms, per yearFewer than 5 firms publish a price (1)
Company secretaryNo published pricesFirms, one-off
Bank account opening assistancePrice on requestFirms, one-offFewer than 5 firms publish a price (1)

Base: standard incorporation service and annual return filed on time.

Get your detailed report and quotes from firms in the Isle of Man

We email you a PDF with the official fees and their sources, the firms' starting prices, the steps, the documents, the yearly obligations and the firms offering company formation in the Isle of Man. We also share your request with firms we select there, who may contact you with quotes.

Official fees only, at setup GBP 100 + firms' fees (on request) about EUR 119
Official fees only, every year GBP 380 + firms' fees (on request) about EUR 454
Registration time 1 to 2 days once the application is complete

Official fees are paid to the authorities in any case. The total cost depends on the firm's fees for formation, accounting and registered agent, which firms in the Isle of Man quote on request.

Get quotes from firms in the Isle of Man Free. We email you the detailed report and share your request with firms we select in the Isle of Man, who quote their fees.

Services from a firm

Starting prices published by firms on Accountanty, one price per firm.

  • Price on requestFewer than 5 firms publish a price (2)
  • Price on requestFewer than 5 firms publish a price (3)
  • Price on requestFewer than 5 firms publish a price (1)
  • Price on requestFewer than 5 firms publish a price (1)
  • Price on requestFewer than 5 firms publish a price (1)

Breakdown of the estimate

Incorporation, standard service (within 48 hours)GBP 100Official, at setupgov.im
Annual return, standard company, filed on timeGBP 380Official, every yeargov.im
Company formation by a firmPrice on requestFirms, one-offFewer than 5 firms publish a price (2)
Accounting and annual accounts (small company)Price on requestFirms, per yearFewer than 5 firms publish a price (3)
Registered office or legal addressPrice on requestFirms, per yearFewer than 5 firms publish a price (1)
Local agent or contact personPrice on requestFirms, per yearFewer than 5 firms publish a price (1)
Bank account opening assistancePrice on requestFirms, one-offFewer than 5 firms publish a price (1)

Base: standard incorporation service and annual return filed on time.

Get your detailed report and quotes from firms in the Isle of Man

We email you a PDF with the official fees and their sources, the firms' starting prices, the steps, the documents, the yearly obligations and the firms offering company formation in the Isle of Man. We also share your request with firms we select there, who may contact you with quotes.

Taxes in the Isle of Man

Your country of residence may tax the dividends you receive, and it may also tax the company's profits under its rules on foreign companies controlled by its residents. A company managed from your country may be treated as resident there. This is general information, not tax advice.

Corporate tax

  • For the 2025-26 and 2026-27 tax years the standard rate of income tax on company income is 0%, with 10% on banking business income and on retail trade income above GBP 500,000, and 20% on income from land and property in the Isle of Man. gov.im
  • Resident and non-resident companies are taxed at the same rates. gov.im
  • Groups with annual revenue of EUR 750 million or more pay a minimum effective rate of 15% through the Domestic Top-up Tax, for fiscal years starting on or after 1 January 2025. gov.im

Tax on dividends paid abroad

  • Isle of Man companies apply a 0% withholding rate to dividends paid to individuals and to companies. gov.im

VAT

  • VAT standard rate 20%, reduced rate 5%. gov.im
  • The Isle of Man is treated as part of the UK for VAT purposes, with its own VAT administration. gov.im
  • Registration is required when taxable supplies in the preceding 12 months exceed GBP 90,000, or when supplies in the next 30 days alone are expected to exceed GBP 90,000. gov.im

Try a yearly profit

Assumption: one shareholder, an individual who is not resident in the Isle of Man, holds 100% of the company.

Paid out as dividends

Destination taxes only, before tax treaties and before any tax in your country of residence.

Corporate tax in the Isle of ManGBP 0 (0%)
Dividend paidGBP 100,000
Tax withheld in the Isle of Man on the dividendGBP 0
Dividend received, before any tax in your countryGBP 100,000
Profit kept in the companyGBP 0
  • The 10% rate for banking and large retail income and the 20% rate for Isle of Man land and property income are not computed here.

Tax facts checked on 2026-10-23 from the official sources linked above. Rates change: check them with a firm before you act.

How the estimate is built

What the figures include

  • Firms' figures are starting prices published by firms listed on Accountanty, read from their websites in October 2026: the range runs from the lower to the upper quartile, with at least 8 firms; "from" means 5 to 7 firms; below 5 the price is on request.
  • Official fees are added up only for the base option named in the breakdown. Other options and fees that apply only in some cases are listed separately.
  • Euro amounts are approximate: Euro equivalents at the ECB reference rate of 2026-10-22; AED and SAR via their US dollar pegs.
  • The 2 hour (GBP 250) and while-you-wait (GBP 500) incorporation fees replace the standard GBP 100 fee.
  • A late annual return costs GBP 480 (1 month and 1 day to 3 months late) or GBP 630 (more than 3 months late).
  • The official corporate tax rates page shows rates up to 2024/25.
  • Groups with annual revenue of EUR 750 million or more pay a 15% domestic top-up tax from fiscal years starting on or after 1 January 2025.

All official fees: Private company limited by shares under the Companies Act 1931

Incorporation, standard service (within 48 hours)GBP 100At setupgov.im
Incorporation, 2 hour service (instead of the standard fee)GBP 250At setupgov.im
Incorporation, while-you-wait service (instead of the standard fee)GBP 500At setupgov.im
Annual return, standard company, filed on timeGBP 380Every yeargov.im

Not published by the authorities: Minimum share capital for a private company (no official statement found); Whether a resident director or a qualified resident secretary is needed for a private company (the Registry pages state no such requirement); Audit exemption thresholds.

Time to register: Standard incorporation within 48 hours of receipt of the documents; a 2 hour service and a while-you-wait service cost more.

All official fees: Company under the Companies Act 2006 (Isle of Man)

Incorporation, standard service (within 48 hours)GBP 100At setupgov.im
Incorporation, 2 hour service (instead of the standard fee)GBP 250At setupgov.im
Incorporation, while-you-wait service (instead of the standard fee)GBP 500At setupgov.im
Annual return, standard company, filed on timeGBP 380Every yeargov.im

Not published by the authorities: Whether a 2006 Act company files accounts with the Registry (the Registry page is silent); Audit exemption thresholds.

Time to register: Standard incorporation within 48 hours of receipt of the documents; a 2 hour service and a while-you-wait service cost more. Minimum share capital: The memorandum sets the number of shares each subscriber takes and the amount paid per share; the Registry states no minimum.

Steps

  1. Obtain approval of the proposed company name from the Companies Registry gov.im
  2. For a 2006 Act company, appoint a registered agent: only the first registered agent named in the memorandum may file the application gov.im
  3. Complete the incorporation documents within the 3 month name approval period gov.im
  4. Send the documents to the Companies Registry with the fee; standard incorporation follows within 48 hours gov.im
  5. Legal owners give beneficial ownership details to the nominated officer within 21 days of incorporation gov.im
  6. For a 2006 Act company, appoint a director within one month of incorporation gov.im
  7. Register for VAT when taxable supplies in the preceding 12 months exceed GBP 90,000 gov.im

Documents and requirements

  • 1931 Act: Form 1 with the first directors, secretary and the registered office address in the Isle of Man gov.im
  • 1931 Act: memorandum and articles of association; the 1988 model specimens are optional gov.im
  • 2006 Act: memorandum naming the first registered agent and the shares each subscriber agrees to take gov.im
  • 1931 Act: at least two directors who are individuals and at least one company secretary; corporate directors are not permitted gov.im
  • 1931 Act: the registered office must be in the Isle of Man at all times gov.im
  • 2006 Act: a registered agent holding a Class 4 licence from the Financial Services Authority gov.im
  • 2006 Act: one director, which can be a corporate body, and at least one member stated on the memorandum gov.im
  • A nominated officer for beneficial ownership: an Isle of Man resident individual or a licence holder gov.im
  • Disqualified directors and undischarged bankrupts cannot take part in forming or managing a company without leave of the court gov.im

Every year

  • Annual return due within 1 month of its made-up date (AR form for 1931 Act, IMAR form for 2006 Act companies) gov.im
  • Company tax return filed online and tax paid within 12 months and one day after the end of the accounting period gov.im
  • A private 1931 Act company does not deliver audited accounts to the Registry unless it is a subsidiary of a Manx public company gov.im

What the cost of a company in the Isle of Man is made of

The Isle of Man company formation cost starts with a choice between two company laws, because each needs different people around the company. A traditional company under the Companies Act 1931 has at least two individual directors, a company secretary and a registered office on the island. A company under the Companies Act 2006 can have one director, which may be a corporate body, but it is run through a registered agent holding a Class 4 licence from the Financial Services Authority.

The Companies Registry fees are the same for both. Standard incorporation costs GBP 100 and is done within 48 hours of receiving the documents; a 2 hour service costs GBP 250 and a while-you-wait service GBP 500, each replacing the standard fee rather than adding to it. Every year the annual return costs GBP 380 when filed on time, rising to GBP 480 or GBP 630 when late.

The firms’ share is harder to see in advance. Only two firms publish a formation price and only three an accounting price, which is too few for a range, so the directors, secretary, registered office or registered agent, and the yearly tax return all need a quote. Ask each firm which Act it proposes, and why, before comparing totals.

The calculator below shows the Manx registry fees for either Act; for the firms, read the Isle of Man guide or company formation in the Isle of Man, and request quotes with the structure you have in mind.

Setup costs in the Isle of Man: questions and answers

Which costs more to run, a 1931 Act or a 2006 Act company?

The registry fees are the same: GBP 100 for standard incorporation and GBP 380 for an annual return filed on time. The difference lies in the services. A 1931 Act company pays for two individual directors and a secretary, while a 2006 Act company pays a licensed registered agent, so compare quotes for the whole structure.

Who can act as nominated officer for beneficial ownership?

Each company names a nominated officer, who must be an individual resident in the Isle of Man or a licence holder (Isle of Man Government). A founder living elsewhere can give the role to a licensed corporate service provider, and it should then appear as a line in the quote.

When is the company tax return due on the Isle of Man?

The company files its tax return online and pays any tax within 12 months and one day after the end of the accounting period. The rates page, which shows years up to 2024/25, gives a standard corporate income tax rate of 0%, with higher rates for banking, large retail and land and property income. Your country of residence may tax the company or its dividends under its own rules.

Sources and notes

  1. gov.im read 2026-10-13
  2. gov.im read 2026-10-23
  3. gov.im read 2026-10-23
  4. gov.im read 2026-10-13
  5. gov.im read 2026-10-13
  6. gov.im read 2026-10-13
  7. gov.im read 2026-10-23
  8. gov.im read 2026-10-13
  9. gov.im read 2026-10-23
  10. gov.im read 2026-10-23
  11. gov.im read 2026-10-23
  12. gov.im read 2026-10-23
  13. gov.im read 2026-10-23
Compare 38 firms offering company formation in the Isle of Man Guide: setting up a company in the Isle of Man Compare: Isle of Man vs Guernsey vs Jersey All destinations in the calculator

Official figures checked on 2026-10-23. General information, not legal or tax advice: check the official sources and confirm costs with a firm before you act.