2017 eprivateclient Isle of Man Jurisdiction Report published today

18/12/2017 Will Sidery

Today marks the launch of the 2017 eprivateclient isle of Man Jurisdiction Report - a comprehensive analysis of the wealth management sector in the jurisdiction. 

Confronting the same challenges and hurdles facing international finance centres across the world, the Isle of Man has recognised the need for it to be a transparent, well regulated and competitive jurisdiction capable of attracting wealthy individuals and families as well as businesses to the island.

The island’s commitment to transparency - despite its recent inclusion in the EU’s ‘grey list’ of tax jurisdictions - has been demonstrated through its continued co-operation with international bodies such as the European Union and OECD. 

At the same time the building of a competitive and welcoming environment to do business is evident in the measures the Isle of Man has put in place to support and champion the private sector such as its flagship £50 million Enterprise Development Scheme, the introduction of its innovative Alternative Banking Regime in 2016 as well as alternative funding for business through public/private initiatives. 

As well as an in depth look at the biggest stories for the Isle of Man’s private client sector in the past 12 months the report contains contributing articles looking at, among a range of topics, the benefits of living and structuring wealth in the jurisdiction from the following:

- Simon Pickering, Isle of Man Department of Economic Development

- Clive Dixon from Moore Stephens

- Equiom’s Edward Leigh

- David Pytches of Appleby

- First Names Group’s James Russell

- Stuart Nelson of Barclays

- James Heathcote & Chris Kelly from EY

To view the report please click here

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