The Isle of Man is a self-governing crown dependency in the Irish Sea between England and Northern Ireland. The head of state is

Queen Elizabeth II Elizabeth II (Elizabeth Alexandra Mary; 21 April 1926 – 8 September 2022) was Queen of the United Kingdom and other Commonwealth realms from 6 February 1952 until her death in 2022. She was queen regnant of 32 sovereign states during ...

, who holds the title of

Lord of Mann The lord of Mann ( gv, Çhiarn Vannin) is the lord proprietor and head of state of the Isle of Man. The current lord proprietor and head of state is Charles III. Before 1504 the head of state was known as King of Mann. Relationship with t ...

. The Lord of Mann is represented by a lieutenant governor. Foreign relations and defence are the responsibility of the British Government. The Isle of Man is a low-tax economy with no

capital gains tax A capital gains tax (CGT) is the tax on profits realized on the sale of a non-inventory asset. The most common capital gains are realized from the sale of stocks, bonds, precious metals, real estate, and property. Not all countries impose a c ...

, wealth tax,

stamp duty Stamp duty is a tax that is levied on single property purchases or documents (including, historically, the majority of legal documents such as cheques, receipts, military commissions, marriage licences and land transactions). A physical revenu ...

, or inheritance tax and a top rate of income tax of 20%. The rate of

corporation tax A corporate tax, also called corporation tax or company tax, is a direct tax imposed on the income or capital of corporations or analogous legal entities. Many countries impose such taxes at the national level, and a similar tax may be imposed a ...

is 0% for almost all types of income; the only exceptions are that the profits of banks are taxed at 10%, as is rental (or other) income from land and buildings situated on the Isle of Man.Forget Monaco: Isle of Man cuts tax to tempt super-rich – Tax, Money – Independent.co.uk

Offshore bank An offshore bank is a bank regulated under international banking license (often called offshore license), which usually prohibits the bank from establishing any business activities in the jurisdiction of establishment. Due to less regulation and ...

ing, manufacturing, and tourism form key sectors of the economy. Agriculture and fishing, once the mainstays of the economy, now make declining contributions to the island's Gross Domestic Product (GDP).

Notable firms

This list includes notable

companies A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared go ...

with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct. File:Peel - Peel Bay Beach - geograph.org.uk - 1719663.jpg, Peel is the island's main fishing port. File:Peel P50 at Manx Transport Museum, Peel, Isle of Man (7965563148).jpg,

Peel P50 The Peel P50 is a three-wheeled microcar originally made from 1962 to 1965 by the Peel Engineering Company on the Isle of Man, and then from 2011 to present. It was listed in the 2010 Guinness World Records as the smallest production car ever m ...

at Manx Transport Museum, Peel File:Manannan Douglas.jpg,

HSC Manannan HSC ''Manannan'' is a wave-piercing high-speed catamaran car ferry built by Incat, Australia in 1998. After commercial service in Australia and New Zealand, she was chartered to the US military as ''Joint Venture'' (HSV-X1). Now owned and oper ...

Douglas, Isle of Man Douglas ( gv, Doolish, ) is the capital and largest town of the Isle of Man, with a population of 26,677 (2021). It is located at the mouth of the River Douglas, and on a sweeping bay of . The River Douglas forms part of the town's harbour ...

. File:Manx Telecom headquarters.jpg, Manx Telecom headquarters in the Isle of Man Business Park, Douglas.

References

{{DEFAULTSORT:Companies Of The Isle Of Man Isle of Man *

Isle of Man-related lists An isle is an island, land surrounded by water. The term is very common in British English. However, there is no clear agreement on what makes an island an isle or its difference, so they are considered synonyms. Isle may refer to: Geography * Is ...

Isle of Man Lists of organisations based in the Isle of Man