Business MigrantOn the Isle of Man you'll find a world class business centre that is home to leading, international businesses, spanning financial services, manufacturing and tech.
With a strong financial ecosystem of professional services, tech infrastructure, trade bodies and supportive government, the Island can be a leading jurisdiction of choice for businesses.
With the standard rate of corporate income tax at 0%, the rate of tax on income from land and property at 20% and with the benefits of the Key Employee Concession, the Isle of Man could be an ideal place for you and your business to call home.
Whether you're a start-up business or a small to medium enterprise, here at Locate Isle of Man we understand the relocation process can seem daunting, but the Locate team will guide you on your journey, from finding the perfect location for your business to helping you understand how we can fund and support your venture.
There are currently two routes available to those from outside of the UK and Ireland who wish to set up business in the Isle of Man:
Business Migrant – Start-up
This sub-category is for individuals seeking to establish a business in the Isle of Man for the first time. Migrants will have an innovative, viable and scalable business idea.
This category offers leave for 2 years and 4 months only. This category does not lead to Indefinite Leave to Remain.
Migrants may progress into the Innovator sub-category.
Find out more HERE.
Business Migrant – Innovator
This sub-category is for individuals with business experience seeking to establish, join or take over one or more businesses in the Isle of Man.
Migrants seeking to establish a business in the Isle of Man will have an innovative, viable and scalable business idea. With some exceptions, Migrants will require a minimum of £50,000 to invest in the business.
This category may lead to Indefinite Leave to Remain.
Find our more HERE.
Both Business Migrant routes have a two stage application process. A migrant wishing to enter the Island under either route must first obtain endorsement from the Department for Enterprise.
An application for endorsement will require the Migrant to provide detailed information, including the submission of a comprehensive business plan.
The Department will determine if the proposed business venture will benefit the Isle of Man, assess the source of funds, and monitor the progress of the business venture. The full details of the Department’s Endorsement Policy are available here.
If the Department is satisfied that the Migrant meets the requirements of the Endorsement Policy, a Letter of Endorsement will be issued to the Migrant, enabling them to progress with their visa application.
Contact the Locate team
With a stable economy and financially rewarding ecosystem, the Isle of Man could be an ideal place for you, your family and your business to call home. If you have any Business Migrant enquires, get in touch with one of the Locate team members, who are always happy to assist.