Corporate and Trust Service Providers

One Year On – The Impact of Changes

By |2024-11-14T10:51:06+00:00November 13th, 2024|Categories: Business, Corporate and Trust Service Providers, Fiduciary Matters, Fiduciary Matters, News, Regulatory and Compliance, Trust Law, Trust Structures, Trusts, Foundations and Companies, Wills, Estates, Trusts and Family Settlements|

One Year On: The Impact of the Isle of Man Trusts and Trustees Act 2023 Since receiving Royal Assent on 18 July 2023, now more than one year on, the Trusts and Trustees Act 2023 (“the 2023 Act”) has introduced significant updates to the Isle of Man's trust law, aiming to [...]

Optimising Tax Strategies for Non-Dom Individuals

By |2024-05-13T15:37:57+00:00May 13th, 2024|Categories: Corporate and Trust Service Providers, Front Page Publication, News, Regulatory, Trust Law, Trust Structures, Trusts, Foundations and Companies, Wills, Estates, Trusts and Family Settlements|Tags: |

Optimising Tax Strategies for Non-Doms The Benefits of Using an Isle of Man Trust with Manavia The imminent changes in the UK's non-dom regime as announced in the Spring Budget 2024 underscore the necessity for effective tax planning strategies. The Isle of Man trust stands out as a particularly advantageous [...]

Isle of Man’s Banking Renaissance

By |2020-01-16T16:50:06+00:00October 24th, 2016|Categories: Banking and Investments, Beneficial Ownership, Collective Investment Schemes and Funds, Commercial, Corporate and Finance, Corporate and Trust Service Providers, Credit Unions, Crowd‐Funding, Designated Business, Financial Services and Private Equity, Front Page Publication, Funds, Insurance and Pensions (Retirement Benefit Schemes), International|

In a far sighted and at the same time very contemporary reading of the development of the financial services industry, the Isle of Man Government has created an alternative banking regime which came into effect on 1 August 2016.1 The new regime will enable corporations and high net worth individuals to become masters of their own [...]

Isle of Man Corporate Insolvency

By |2021-11-30T16:57:47+00:00October 24th, 2016|Categories: Banking and Investments, Beneficial Ownership, Cell Companies, Collective Investment Schemes and Funds, Commercial, Corporate and Finance, Company Law, Corporate and Trust Service Providers, Corporate Governance, Directors’ Duties and the Law and Conduct of Meetings, Corporate Restructuring, Credit Unions, Crowd‐Funding, Designated Business, Dispute Resolution, Financial Services and Private Equity, Front Page Publication, Insurance and Pensions (Retirement Benefit Schemes), Isle of Man Foundations, Joint Ventures and Shareholder Agreements, Mergers and Acquisitions, Purpose Trusts, Sale and Purchase of Businesses, Trust Law, Trust Structures, Trusts, Foundations and Companies|

I Insolvency Law, Policy & Procedure i Statutory Framework and Substantive Law Insolvency law on the Isle of Man is governed primarily by the following legislation: The Fraudulent Assignments Act 1736 Preferential Payments Act 1908 Preferential Payments and Other Acts (Financial Adjustments) Act 1973 Companies Act 1931-2004 Companies Act 2006 The primary legislation [...]

Execution of contracts by Isle of Man Companies

By |2020-01-16T16:50:06+00:00October 24th, 2016|Categories: Banking and Investments, Beneficial Ownership, Collective Investment Schemes and Funds, Commercial, Corporate and Finance, Corporate and Trust Service Providers, Credit Unions, Crowd‐Funding, Designated Business, Financial Services and Private Equity, Insurance and Pensions (Retirement Benefit Schemes), Regulatory and Compliance|

When a company is considering entering into a particular business venture considerable time is taken in discussing, negotiating and reviewing the contractual terms in the proposed agreement between the parties. Whilst focusing on key contractual terms of the proposed agreement, often the signing provisions to the agreement to bind the company are overlooked. Failure by a [...]

Changes to the Financial Services (Exemptions) Regulation

By |2020-01-16T16:50:06+00:00October 24th, 2016|Categories: Banking and Investments, Beneficial Ownership, Collective Investment Schemes and Funds, Commercial, Corporate and Finance, Corporate and Trust Service Providers, Credit Unions, Crowd‐Funding, Designated Business, Financial Services and Private Equity, Insurance and Pensions (Retirement Benefit Schemes), Pensions and Insurance|

The Isle of Man financial Services Authority and the Isle of Man Office of Fair Trading have recently issued a consultation on crowdfunding which included consultation on other legislative changes. These other legislative changes centre around proposed changes to the Regulated Activates Order, Financial Services (Exemptions) Regulations and Financial Services (Fees) Order. One of these changes [...]