The Isle of Man is a self-governing British dependency in the Irish Sea, lying almost equidistant between the coasts of England, Scotland, Ireland and Wales. The island is approximately 32.5 miles long and 13.5 miles wide at its extreme points and covers an area of 221 square miles.
The Island’s Parliament, Tynwald, is the oldest continuous Parliament in the world, dating back to 979 AD. Political parties do exist, although their influence is not as strong as other countries, such as those of close neighbours within the British Isles.
The island’s currency is the British Pound and the closest trading partner is the United Kingdom. Approximately 23 percent of the island’s workforce is employed by banks, insurance companies and other finance businesses and a further 20 percent are employed within the professions, education and medical & scientific services. Tourism now only accounts directly for 1percent of the island’s employees, and agriculture, forestry & fishing only 2 percent.
In recent times, the Isle of Man has earned a reputation as one of the premier offshore finance centres, a reputation built on several decades of uninterrupted economic growth, the expansion of its financial services offering and an eagerness to provide a solid, stable and well-regulated environment in which to do business.
The island is rated ‘AAA’ by both Moody’s and Standard & Poor’s and has won numerous awards in recent years, both as a finance centre in its own right and for its specific offerings, particularly those in the banking, insurance and offshore funds sectors.
Travel links to the island are excellent, with daily sailings and flights to and from various locations in the United Kingdom and Ireland.
The Isle of Man office of Deloitte is situated in the capital of the island, Douglas. The office currently has around 45 members of staff across Audit, Tax and Reorganisation, Forensic & Regulatory Services. For more information on each of the service lines please click on the links below: