Isle of Man Companies FAQs
July 31, 2015
Actually there is really no such thing as an Isle of Man “offshore” company. Unlike jurisdictions like the British Virgin Islands and Saint Lucia there is […]
November 8, 2014
Company Searches can be performed at the Isle of Man Companies Registry by following this link. Click for our quick guide to the Isle of Man […]
November 8, 2014
Since 1 June 1988, being the date that the Companies Act 1986 (“the Act”) came fully into force, all Isle of Man companies incorporated after this […]
November 8, 2014
The main purpose of an AGM is for the directors to report on the performance of the company, for the members to question the directors about […]
November 8, 2014
1931 Act Company In accordance with s.155 of the Companies Act 1931, a company, whether private or public can be wound up in one of the […]
November 8, 2014
In short, companies are incorporated to create a separate legal entity, but they cannot act on their own; they need people to make the decisions and […]
November 8, 2014
In respect of the purchasing its own shares, the rules for a 1931 Company are complex but the answer is ‘Yes’. The relevant provisions are contained […]
November 8, 2014
All companies in the Isle of Man formed under the 2006 Act must, at all times, have a registered agent. It is only such agents who […]
November 8, 2014
A 1931 Act Company, whether public or private, is required by statute (s.19 of the Companies Act 1982) to have a company secretary. Where the company […]
November 8, 2014
Although there are sometimes provisions in the Articles and service contracts protecting Directors – all that is generally required for shareholders to remove a Director is […]
November 5, 2014
The Accounting requirements for a 1931 Act Company are contained within part 1 of the 1982 Companies Act. It’s quite prescriptive and requires that financial statements […]
