About the Isle of Man
The Isle of Man is an internally self-governing dependent territory of the Crown which is not part of the United Kingdom. We have the oldest continuous parliament in the world - Tynwald - with over 1000 years of continuous history. The Island has its own taxation system and Customs and Excise services and it has long been a low tax area enjoying total independence from the UK on matters of direct taxation.
There are low corporate and personal taxes and no capital transfer or inheritance tax. As a consequence, the Island has developed into a flourishing financial centre. The Island has a well-balanced economy which combines traditional industries such as agriculture, fishing and tourism with areas of recent growth such as financial services and manufacturing. Finance and light industry are now particularly important contributors to the Island’s National Income.