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Following its introduction, Isle of Man Companies can still be incorporated under the Isle of Man Companies Acts 1931-2004 and the Limited Liability Companies Act 1996. By the end of 2013, over 10,000 Companies had been incorporated pursuant to the Isle of Man Companies Act 2006 and of those, according to Isle of Man Government statistics, 5637 ...
The Isle of Man Companies Acts 1931 to 2004, also known as the 1931 Act, is the law under which most Isle of Man Companies are established. It replaced the existing 1865 Isle of Man Companies Act and closely follows a template based on the English Companies Act 1929 .
The Treasury (Manx: Yn Tashtey) of the Isle of Man is the finance department of the Isle of Man Government.It prepares the annual budget for the Government, [1] and also handles taxation, customs and excise, economic affairs, information systems, internal audit, currency and the census in the Isle of Man.
In the Vision2020 [6] the Isle of Man government lays out the national strategy of economic growth, seeking an increase of the economically active population an promoting the Island as an 'Enterprise Island, ''Tech Isle', 'Manufacturing centre of excellence', 'Offshore energy hub', 'Destination Island' and for 'Distinctive local food and drink'.
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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 ...
The Isle of Man (Manx: Mannin, also Ellan Vannin [ˈɛlʲan ˈvanɪnʲ]) or Mann (/ m æ n / man), [11] 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.
Annual eye tests are provided free to Isle of Man residents. NHS vouchers are available towards the cost of spectacles. [citation needed] Manx prescription charges have been set at £3.85 per item since September 2010, less than half the charge in England.