Isle of Man Registry Information
» Key Registry Features
» Jurisdiction Information
» Information Downloads
The Isle of Man, situated in the centre of the British Isles, is a self-governing dependent territory of the Crown which is not part of the United Kingdom. Tynwald, the Island's 1,000 year old Parliament, makes its own laws and oversees all internal administration, fiscal and social policies. External issues, such as foreign representation and defence, are administered on the Island's behalf by the UK Government and the Island makes an annual payment for these services.
As a British Crown dependency, the ultimate responsibility for the Island's good government is vested in the Crown but by long standing convention, the UK Government does not legislate for the Island except with the specific consent of the Island's Government. More information can be found at www.gov.im.
The population of the Isle of Man is approximately 75,000.
» Political Structure
Tynwald (Parliament), legislates on all domestic matters including taxation. Tynwald consists of two houses; the Legislative Council, which consists of eight Members, elected by the lower house, The House of Keys, and the Bishop and Attorney General, neither of whom has voting rights. The House of Keys has twenty-four Members who are elected and serve a five-year term. HM Queen Elizabeth II holds the title Lord of Man, and is ultimately responsible for the government of the Island, and all legislation passed by Tynwald has to have Royal Assent before being enacted.
» Infrastructure and Economy
There are regular daily air and ferry services to the UK and Ireland.
The Isle of Man, confronted with a decline in its two principal sources of income, agriculture and tourism, now places greater reliance upon industrial investment and its financial centre activities.
The official and spoken language is English.
The Manx Pound, which is on par with the UK Pound and freely exchangeable.
» Exchange Control
» Type of Law
Common Law based on English Common Law.
» Principal Corporate Legislation
The Companies Acts 1931 to 1993.
Limited Liability Companies Act 1996.