Hello, I am planning to start a new consulting company and have a solid cash position to fund the company. I know my sector well, having worked in it for over 15 years.
I am a British citizen and also looking to move to the Isle of Man. I'd like the to enjoy the twin benefit of low / zero corporation tax rate and also a lower income tax rate. Being honest, I'm also not a massive party animal (I do enjoy the outdoors and going for a few drinks to the pub / cafe with close friends), so I know I won't miss the busy city life at all. I just want to hunker down and build my business and live in a peaceful, healthy environment.
Based on the information above, please can some kind folks on here advise me on the following:
- Would I need a work permit to work for my own company as a Director (once the company has been incorporated and I have registered my residence on the Island)?
- Are there any good websites or IOM government agencies that provide support for people looking to do what I am planning?
Any other useful general advice would be much appreciated. I am in the initial planning phases, but really serious about this. Planning a visit to the Island for a week to do a tour and potentially some networking & research.
Thank you,
Albany