Isle of Man law allows for a wide range of traditional and non-traditional corporate vehicles to be used for businesses.
These include Limited Partnerships; Limited Liability Companies and Protected Cell Companies, as well as the more traditional forms of company being companies limited by shares or by guarantee.
The most common types of company incorporated within the Isle of Man are companies limited by shares and the Isle of Man has two separate company law regimes that apply to these types of company. Those companies incorporated under
the Companies Acts 1931-2004 (“1931 Act Companies”) and those companies incorporated under the Companies Act 2006 (“2006 Act Companies”)).
Click here to download a practical reference sheet within which, Scott Leonard-Morgan, Director and joint head of our top tier Corporate and Commercial team, reviews the 1931 and 2006 isle of Man companies acts and its key differences.
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The guidance in this note is for information purposes only and is not intended to be exhaustive. It is not intended to constitute legal or other professional advice, and should not be relied on or treated as a substitute for specific advice relevant to particular circumstances. Cains accepts no responsibility for any errors, omissions or misleading statements or for any loss which may arise from reliance on the information in this note.