Cayman National Bank Services
Tax Regime and Statistics

The Island has no death duties, inheritance taxes, property taxes or capital gains taxes. In April 2006, the Island introduced a zero tax rate for all corporate sectors except for banking businesses, which has separate taxation arrangements.

The Island has no exchange controls

The Isle of Man has a Double Taxation agreement with the United Kingdom, a taxation agreement with the United Kingdom, a taxation agreement with the United states in relation to shipping, plus shipping and air transport agreements with a number of countries, including the Neatherlands, Sweden, Denmark, Norway, Finland and Iceland. The Island has also entered into a Double Taxation agreements with a number of countries, including Denmark, Norway, Fniland, Iceland.

  • Resident Population: approximately 80,000
  • Land Area: 572 sq. km/ 227 square miles
  • Location: The centre of the Irish Sea - 50 km (31 miles) from Ireland and 50 km (31 miles) from the U.K.
  • Currency: Sterling (the Isle of Man issues its own bank notes)