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 22%. [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
Status: P=Private, S=State; A=Active, D=Defunct
NameIndustrySectorHeadquartersFoundedNotesStatus
  
Alliance & Leicester International Financials Banks Douglas 1990 Bank, defunct 2013 PD
Bradford & Bingley International Financials Banks Douglas 1989 Financial services, defunct 2011 PD
Bushy's Brewery Consumer goods Brewers Braddan 1984 Brewery PA
Celton Manx Consumer services Gambling Douglas [5] 2009 Gambling PA
Duke Video Consumer services Broadcasting & entertainment Douglas 1981 Video PA
EuroManx Consumer services Airlines Ronaldsway 2002 Airline, defunct 2008 PD
Excalibur Almaz Industrials Aerospace Douglas 2005 Spaceflight PA
Isle of Man Air Services Consumer services Airlines Ronaldsway 1937 Airline, nationalized 1947 PD
Isle of Man Bank Financials Banks Douglas 1865 Bank PA
Isle of Man Post Industrials Delivery services Douglas 1973 Postal services SA
Isle of Man Steam Packet Company Consumer services Travel & tourism Douglas 1830 Ferry PA
Manx Airlines Consumer services Airlines Ballasalla 1982 Airline, defunct 2002 PD
Manx Telecom Telecommunications Fixed line telecommunications Braddan 1987 Broadband PA
Manx2 Consumer services Airlines Ballasalla 2006 Airline, defunct 2012 PD
Microgaming Consumer services Gambling Douglas 1994 Gambling PA
Nationwide International Financials Banks Douglas 1990 Offshore savings PA
Neteller Financials Specialty finance Douglas 1999 Payments PA
Okells Brewery Consumer goods Brewers Douglas 1850 Brewery, pubs PA
Paysafe Group Financials Specialty finance Douglas 1996 Payments PA
Peel Engineering Company Consumer goods Automobiles Peel  ? Defunct 1974 PD
PokerStars Consumer services Gambling Douglas 2001 Gambling PA
Sea Breezes Consumer services Publishing Douglas [6] 1919 Publisher PA
Simcocks Advocates Industrials Business support services Douglas 1949 Legal PA

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 or Mann, is a self-governing British Crown Dependency in the Irish Sea, between Great Britain and Ireland. It is one of the Celtic nations and is the homeland of the Manx people, a Celtic ethnic group. 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 of Man's military defence and represents it abroad, but the Isle of Man still has a separate international identity.

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

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">Tynwald</span> Legislature of the Isle of Man

Tynwald, or more formally, the High Court of Tynwald or Tynwald Court, is the legislature of the Isle of Man. It consists of two chambers, known as the branches of Tynwald: the directly elected House of Keys and the indirectly chosen Legislative Council. When the two chambers sit together, they become "Tynwald Court".

<span class="mw-page-title-main">Peel, Isle of Man</span> Town on 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.

<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. It is one of only two Church of England dioceses not within the United Kingdom. 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>

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, or Manx 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 an 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 which once were the Kingdom of the Isles and Dál Riata. The Manx are governed through the 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> Youth movement in the Isle of Mann

Scouting in 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.

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

The Catholic Church in the Isle of Man is part of the worldwide Catholic Church, under the spiritual leadership of the Pope in Rome.

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">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">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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