Tax Treatment of Isle of Man Exempt Funds
Posted: Wed Feb 19, 2025 9:23 am
Further, many high street banks simply will not provide services to entities that do not have Isle of Man Directors. Where this is the case, other options may have to be considered i.e. can you bank in other jurisdictions? Does the Promoter have existing banking relationships?
Dixcart have existing relationships with all major banks on the Isle of Man and can facilitate jamaica mobile database banking services on fully managed entities. Or where Dixcart are not providing Directors, introductions can be made where appropriate.
In my line of work, I think I may say this sentence more than any other:
‘Have you taken tax advice?’
Tax advice is absolutely and unequivocally at the centre of any offshore planning. As a Corporate and Trust Services Provider, we need to be sure that A) the Promoter is not creating any unknown liabilities for themselves, and B) the Promoter structuring is not going to create any adverse consequences for Dixcart C) the structuring will work as intended.
There are many angles that need to be considered when it comes to the Isle of Man Exempt Funds – here are a few of the considerations:
Dixcart have existing relationships with all major banks on the Isle of Man and can facilitate jamaica mobile database banking services on fully managed entities. Or where Dixcart are not providing Directors, introductions can be made where appropriate.
In my line of work, I think I may say this sentence more than any other:
‘Have you taken tax advice?’
Tax advice is absolutely and unequivocally at the centre of any offshore planning. As a Corporate and Trust Services Provider, we need to be sure that A) the Promoter is not creating any unknown liabilities for themselves, and B) the Promoter structuring is not going to create any adverse consequences for Dixcart C) the structuring will work as intended.
There are many angles that need to be considered when it comes to the Isle of Man Exempt Funds – here are a few of the considerations: