Isle of Man and Channel Islands Sections


If you can not find the service that you require, please contact us by email, phone or fax and we will use our best endeavours to supply the requested service.

Click here for our contact details.

Isle of Man


The Isle of Man lies almost equidistant between England and Ireland in the middle of the Irish Sea and, according to the CIA World Factbook has a population of just fewer than 76,000 people (2007 est.). Approximately a third of the population, around 25,000 live in the capital Douglas, with other principle residential centres being Castletown, Onchan, Peel, Port Erin and Ramsey. A Celtic language known, as Manx is kept alive by a small proportion of the population, but English is the principle language. Most of the island's trade is with the UK and it enjoys free access to EU markets.


The Isle of Man has for many years been a thriving international finance centre. Between 2004 and 2005, just over 25% of income by economic activity generated on the island came from banking, Insurance, finance and business services.

In 1983 the island's government created the Financial Supervision Commission (FSC) and, in 1986 the Insurance and Pensions Authority (IPA). These bodies are charged with regulation of the finance sector and the development of systems to protect the interests of depositors, investors and policyholders.

According to figures published by the FSC in March 2007, there are 43 licensed banks on the island with bank deposits worth in excess of nearly £46 billion and in June 2007, over $50 billion of funds under management. In 2001, the island won two awards in recognition of the quality of its financial services, 'Best International Offshore Services Centre 2001' from International Investment and ' Best Offshore Centre 2001' from International Money Marketing.

Whilst finance is by far the most dominant sector, in terms of its contribution to GDP, the Isle of Man has maintained a diverse and well-balanced economy combining a growing manufacturing sector, shipping industry and film industry with the more traditional industries of tourism, agriculture and fishing.


The Island's Airport is situated 9 miles to the south of Douglas and handles in the region of 750,000 passengers a year. There are frequent flights between the airport and numerous destinations throughout the UK and the Channel Islands, including Belfast, Birmingham, Dublin, Glasgow, Jersey, London and Manchester.

The island has several main ports located at Douglas, Peel, Ramsey and Ronaldsway. Douglas is the principle port on the island and has facilities for handling general cargo; bulk oil and gas cargo as well as roll on/roll off ferries and cruise liners. Peel has facilities for dealing with bulk oil cargo, general cargo and some passenger traffic, while Ramsey handles general and bulk cargo. The Ronaldsway Freeport, located near to the airport, is the first and only offshore Freeport in Europe and allows goods imported and exported into the port to avoid attracting certain duties. Goods can be stored inside the port area for an indefinite period and a variety of manufacturing, processing and assembly operations can be conducted within the port's designated area.

The best way to travel around the island itself is by road. There is a comprehensive bus service run by the Government and all major towns have fleets of taxis.


According to the 2006 census the economically active population on the island was 41,793, which is an increase of just over 2,000 on the figure for 2001.Unemployment as a percentage of the economically active population stood at approximately 2.4%.
Among the sectors providing major employment on the island are Retail Distribution, Manufacturing, Public Administration, Banking, Medical and Health Services and Transport and Communications. Traditionally the island has benefited from good industrial relations and, compared with the UK, strikes are a rare occurrence.

Moving staff to the island is relatively easy. British citizens, or those who have a right of abode in the UK, can move to the Isle of Man without the need for immigration or property controls, necessary for other offshore territories. Otherwise immigration requirements are the same as for the UK and there are not normally any difficulties obtaining residence. People who have been resident on the island for less than 5 years require a work permit, but again these are not difficult to obtain. Furthermore, unlike the Channel Islands, in the Isle of Man there are no restrictions or conditions imposed on property ownership.

Business Costs

Figures from the Isle of Man Treasury show that average wage rates on the island are approximately 95 per cent of earnings in Great Britain. The average gross weekly earnings on the Isle of Man during June 2006 were £455.97 for manual workers and £666.23 for non-manual workers.

Businesses on the island benefit from the Isle of Man's low tax regime and, providing certain criteria are met, there are numerous financial aids available from the government to both established island concerns and incoming enterprises. Grants are available for a variety of needs including buildings and machinery, start up costs, training and marketing and there are also government loans available with modest interest rates and the option to defer repayment.
Business City Guide - home page

Our Sponsors

Nort America
North America
South America
South America