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).
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.
Name | Industry | Sector | Headquarters | Founded | Notes | Status | |
---|---|---|---|---|---|---|---|
Alliance & Leicester International | Financials | Banks | Douglas | 1990 | Bank, defunct 2013 | P | D |
Bradford & Bingley International | Financials | Banks | Douglas | 1989 | Financial services, defunct 2011 | P | D |
Bushy's Brewery | Consumer goods | Brewers | Braddan | 1984 | Brewery | P | A |
Celton Manx | Consumer services | Gambling | Douglas [5] | 2009 | Gambling | P | A |
Duke Video | Consumer services | Broadcasting & entertainment | Douglas | 1981 | Video | P | A |
EuroManx | Consumer services | Airlines | Ronaldsway | 2002 | Airline, defunct 2008 | P | D |
Excalibur Almaz | Industrials | Aerospace | Douglas | 2005 | Spaceflight | P | A |
Isle of Man Air Services | Consumer services | Airlines | Ronaldsway | 1937 | Airline, nationalized 1947 | P | D |
Isle of Man Bank | Financials | Banks | Douglas | 1865 | Bank | P | A |
Isle of Man Post | Industrials | Delivery services | Douglas | 1973 | Postal services | S | A |
Isle of Man Steam Packet Company | Consumer services | Travel & tourism | Douglas | 1830 | Ferry | P | A |
Manx Airlines | Consumer services | Airlines | Ballasalla | 1982 | Airline, defunct 2002 | P | D |
Manx Telecom | Telecommunications | Fixed line telecommunications | Braddan | 1987 | Broadband | P | A |
Manx2 | Consumer services | Airlines | Ballasalla | 2006 | Airline, defunct 2012 | P | D |
Microgaming | Consumer services | Gambling | Douglas | 1994 | Gambling | P | A |
Nationwide International | Financials | Banks | Douglas | 1990 | Offshore savings | P | A |
Neteller | Financials | Specialty finance | Douglas | 1999 | Payments | P | A |
Okells Brewery | Consumer goods | Brewers | Douglas | 1850 | Brewery, pubs | P | A |
Paysafe Group | Financials | Specialty finance | Douglas | 1996 | Payments | P | A |
Peel Engineering Company | Consumer goods | Automobiles | Peel | ? | Defunct 1974 | P | D |
PokerStars | Consumer services | Gambling | Douglas | 2001 | Gambling | P | A |
Sea Breezes | Consumer services | Publishing | Douglas [6] | 1919 | Publisher | P | A |
Simcocks Advocates | Industrials | Business support services | Douglas | 1949 | Legal | P | A |
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.
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.
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.
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".
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.
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.
The Manx Labour Party is a political party on the Isle of Man that was founded in 1918.
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".
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.
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.
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.
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.
The following outline is provided as an overview of and topical guide to the Isle of Man:
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.
Ireland–Isle of Man relations are the current and historical bilateral relations and cultural and economic ties between Ireland and 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.