History
The Isle of Man is situated in the heart of the British Isles. The country is an internally self-governing dependent territory of the British Crown. It is not part of the United Kingdom but is a member of the British Commonwealth.
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 U.K. Government. The Island makes an annual payment for these services.
As a Crown dependency, the ultimate responsibility for the government of the Island is vested in the Crown. By long standing convention, the U.K. Government does not legislate for the Island except with the specific consent of the Island’s Government.
The Island has its own Income Tax and Customs & Excise services and is an established low tax area enjoying total independence from the UK on matters of direct taxation. As a consequence the Island has developed into a flourishing and internationally respected International finance centre.
The Island benefits from a special relationship with the European Union and this allows streamlined movement of goods between the Island and the Union. Regular sea and air services for passengers and freight allow quick and easy access to and from the U.K., Eire and beyond.
The Island’s economic progress in recent years has achieved a rapidly rising National Income and very low levels of unemployment. With excellent educational, health and social amenities, the Isle of Man provides a unique quality of life which is appreciated and treasured by all residents both old and new.
The Isle of Man has a colourful heritage, diverse scenic beauty and there are many leisure activities on offer