List of companies of the Isle of Man

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Location of Isle of Man The Isle of Man.svg
Location of Isle of Man

The Isle of Man is a self-governing crown dependency in the Irish Sea between England and Northern Ireland. The head of state is King Charles III, who holds the title of Lord of Mann. 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, wealth tax, stamp duty, or inheritance tax [1] and a top rate of income tax of 20%. [2] The rate of corporation tax 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. [3] [4]

Offshore banking, 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 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.

Notable companies
     Active     State-owned     Defunct
NameIndustrySectorHeadquartersFoundedNotes
Alliance & Leicester International FinancialsBanks Douglas 1990Bank, defunct 2013
Bradford & Bingley International FinancialsBanks Douglas 1989Financial services, defunct 2011
Bushy's BreweryConsumer goodsBrewers Braddan 1984Brewery
Celton Manx Consumer servicesGambling Douglas [5] 2009Gambling
Duke Video Consumer servicesBroadcasting & entertainment Douglas 1981Video
EuroManx Consumer servicesAirlines Ronaldsway 2002Airline, defunct 2008
Excalibur Almaz IndustrialsAerospace Douglas 2005Spaceflight
Isle of Man Air Services Consumer servicesAirlines Ronaldsway 1937Airline, nationalized 1947
Isle of Man Bank FinancialsBanks Douglas 1865Bank
Isle of Man Post IndustrialsDelivery services Douglas 1973Postal services
Isle of Man Steam Packet Company Consumer servicesTravel & tourism Douglas 1830Ferry
Manx Airlines Consumer servicesAirlines Ballasalla 1982Airline, defunct 2002
Manx Telecom TelecommunicationsFixed line telecommunications Braddan 1987Broadband
Manx2 Consumer servicesAirlines Ballasalla 2006Airline, defunct 2012
Microgaming Consumer servicesGambling Douglas 1994Gambling
Nationwide International FinancialsBanks Douglas 1990Offshore savings
Neteller FinancialsSpecialty finance Douglas 1999Payments
Okells Brewery Consumer goodsBrewers Douglas 1850Brewery, pubs
Paysafe Group FinancialsSpecialty finance Douglas 1996Payments
Peel Engineering Company Consumer goodsAutomobiles Peel  ?Defunct 1974
PokerStars Consumer servicesGambling Douglas 2001Gambling
Sea Breezes Consumer servicesPublishing Douglas [6] 1919Publisher
Simcocks Advocates IndustrialsBusiness support services Douglas 1949Legal

Related Research Articles

<span class="mw-page-title-main">Isle of Man</span> Self-governing British Crown dependency in the Irish Sea

The Isle of Man, also known as Mann, is a self-governing British Crown Dependency in the Irish Sea between Great Britain and Ireland. As head of state, Charles III holds the title Lord of Mann and is represented by a Lieutenant Governor. The government of the United Kingdom is responsible for the isle's military defence and represents it abroad.

<span class="mw-page-title-main">History of the Isle of Man</span> Historical development of the Isle of Man

The Isle of Man had become physically separated from Great Britain and Ireland by 6500 BC. It appears that colonisation took place by sea sometime during the Mesolithic era. The island has been visited by various raiders and trading peoples over the years. After being settled by people from Ireland in the first millennium AD, the Isle of Man was converted to Christianity and then suffered raids by Vikings from Norway. After becoming subject to Norwegian suzerainty as part of the Kingdom of Mann and the Isles, the Isle of Man later became a possession of the Scottish and then the English crowns.

<span class="mw-page-title-main">Economy of the Isle of Man</span>

The economy of the Isle of Man is a low-tax economy with insurance, online gambling operators and developers, information and communications technology (ICT), and offshore banking forming key sectors of the island's economy.

The Isle of Man has an extensive communications infrastructure consisting of telephone cables, submarine cables, and an array of television and mobile phone transmitters and towers.

<span class="mw-page-title-main">Peel, Isle of Man</span> Human settlement in the Isle of Man

Peel is a seaside town and small fishing port in the Isle of Man, in the historic parish of German but administered separately. Peel is the third largest town in the island after Douglas and Ramsey but the fourth largest settlement, as Onchan has the second largest population but is classified as a village. Until 2016 Peel was also a House of Keys constituency, electing one Member of the House of Keys (MHK), who, from September 2015, was Ray Harmer. Peel has a ruined castle on St Patrick's Isle, and a cathedral, seat of the Diocese of Sodor and Man.

<span class="mw-page-title-main">Mec Vannin</span> Nationalist political party in the Isle of Man

Mec Vannin is a political party operating in the Isle of Man. Formed in 1962, it seeks to revoke the status of Man as a British self-governing Crown dependency and establish a completely sovereign state, which would be a republic.

<span class="mw-page-title-main">Manx Labour Party</span> Political party on the Isle of Man

The Manx Labour Party is a political party on the Isle of Man that was founded in 1918.

<span class="mw-page-title-main">Diocese of Sodor and Man</span> Diocese of the Church of England

The Diocese of Sodor and Man is a diocese of the Church of England. Originally much larger, today it covers just the Isle of Man and its adjacent islets. Today, the bishop's office is in Douglas and the cathedral is in Peel. The diocese is not generally called either "Sodor diocese" or "Man diocese".

<span class="mw-page-title-main">Culture of the Isle of Man</span> Overview of the culture of the Isle of Man

The culture of the Isle of Man is influenced by its Celtic and, to a lesser extent, its Norse origins, though its close proximity to the United Kingdom, popularity as a UK tourist destination, and recent mass immigration by British migrant workers has meant that British influence has been dominant since the Revestment period. Recent revival campaigns have attempted to preserve the surviving vestiges of Manx culture after a long period of Anglicisation, and significant interest in the Manx language, history and musical tradition has been the result.

The pound is the currency of the Isle of Man, at parity with sterling. The Manx pound is divided into 100 pence. Notes and coins, denominated in pounds and pence, are issued by the Isle of Man Government.

<span class="mw-page-title-main">Manx people</span> Ethnic group originating in the Isle of Man

The Manx are a minority ethnic group originating on the Isle of Man, in the Irish Sea in Northern Europe. They belong to the diaspora of the Gaelic ethnolinguistic group, which now populate the parts of the British Isles and Ireland which once were the Kingdom of the Isles and Dál Riata. A recent genetical analysis of traditional Manx surnames, identified that the majority of the native manx population belong to the Haplogroup R-DF13 group. The native culture of the Isle of Man is described as Celtic with significant Gaelic, Norse, Norse-Gaelic, and minor northern English influences. The Manx are governed by themselves through Tynwald, the legislature of the island, which was introduced by Viking settlers over a thousand years ago. The native mythology and folklores of the Manx belong to the overall Celtic Mythology group, with Manannán mac Lir, the Mooinjer veggey, Buggane, Lhiannan-Shee, Ben-Varrey and the Moddey Dhoo being prominent mythological figures on the island. Their language, Manx Gaelic is derived from Middle Irish, which was introduced by settlers that colonised the island from Gaelic Ireland. However, Manx gaelic later developed in isolation and belongs as a separate Goidelic language of the Insular Celtic languages.

<span class="mw-page-title-main">Scouting on the Isle of Man</span>

Scouting on the Isle of Man is represented by the Scout Association of the United Kingdom. The Scout Association's Island Headquarters are at Cunningham House in Douglas. The association has its own campsite, Mullin ny Carty. Some of the Groups also have their own bunkhouses or campsites, in addition to their own headquarters.

The Common Purse Agreement entitles the Isle of Man to a share in the United Kingdom's Customs and Excise revenues in return for being in customs union with the UK and not charging any import duties on goods from the UK, or that have been imported through the UK.

The legal system on the Isle of Man is Manx customary law, a form of common law. Manx law originally derived from Gaelic Brehon law and Norse Udal law. Since those early beginnings, Manx law has developed under the heavy influence of English common law, and the uniqueness of the Brehon and Udal foundation is now most apparent only in property and constitutional areas of law.

<span class="mw-page-title-main">Bunscoill Ghaelgagh</span> Manx language primary school in St Johns, Isle of Man

Bunscoill Ghaelgagh is a government-run Manx-language primary school in St John's, Isle of Man that has enabled 170 children to learn fluent Manx. As of 2011 it is the only school in the world where children are taught their lessons solely in Manx and which allows children to learn the language fluently. Pupils may then go on to Queen Elizabeth II High School in Peel where they can study a GCSE equivalent qualification in Manx as well as up to two subjects in the language to maintain their fluency, or to the high school in their catchment area.

<span class="mw-page-title-main">Outline of the Isle of Man</span> Overview of and topical guide to the Isle of Man

The following outline is provided as an overview of and topical guide to the Isle of Man:

<span class="mw-page-title-main">Rugby union in the Isle of Man</span>

Rugby union in the Isle of Man is a popular sport. It has no national competitive side of its own, and is not affiliated to the IRB in its own right. For this reason, it has no IRB ranking.

<span class="mw-page-title-main">Lord of Mann</span> Head of state of the Isle of Man

The Lord of Mann is the lord proprietor and head of state of the Isle of Man, currently King Charles III. Before 1504 the title was King of Mann.

<span class="mw-page-title-main">Ireland–Isle of Man relations</span> Bilateral relations

Ireland–Isle of Man relations are the current and historical bilateral relations and cultural and economic ties between Ireland and the Isle of Man.

<span class="mw-page-title-main">Isle of Man Green Party</span> Political party on the Isle of Man

The Isle of Man Green Party is a green political party in the Isle of Man founded in August 2016 by Andrew Langan-Newton, who still leads the party along with Deputy Leader, Lamara Craine. Success has been achieved at local authority level with the first seat won in a by-election in 2018 and today the party has 4 elected members on 4 different local authorities. The Party proposes that it provides a forum for citizens of the Isle of Man to build a movement seeking change and direction in Isle of Man politics.

References

  1. "Financial Services Sector - Isle of Man. Where You Can". gov.im. Archived from the original on 19 April 2012. Retrieved 28 February 2015.
  2. "Interview With Brian Donegan, Director Of Foreign Investment, Isle Of Man Government". OnlinePersonalsWatch. Retrieved 4 April 2013.
  3. New Assessor of Income Tax – Isle of Man Government Archived 2007-09-30 at the Wayback Machine
  4. Forget Monaco: Isle of Man cuts tax to tempt super-rich – Tax, Money – Independent.co.uk Archived 2007-05-10 at the Wayback Machine
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