The Isle of Man has a diverse and thriving economy with a strong focus on the financial sector.

The cornerstones of the financial sector are banking, trust and corporate services, insurance and shipping while investment services and e-commerce are rapidly gaining ground. A stable, low tax and personally enjoyable environment has enabled the Isle of Man to attract high calibre professionals to strengthen the financial infrastructure.

The Isle of Man's Parliament, Tynwald, is over 1,000 years old and legislates on all domestic matters. There are no capital gains, death, inheritance or wealth taxes. The Isle of Man is not part of the United Kingdom and, other than for external relations and defence, the island is self-governing.

Manx legislation and, in particular, company and trust law, has been modelled on English law resulting in clear, flexible, modern legislation

The Isle of Man has a special relationship with the European Union and as a result, there is free movement of certain goods in trade between the Isle of Man and the European Union.

The Isle of Man is a well regulated jurisdiction. The Isle of Man Government Financial Supervision Commission regulates banking, investment and the trust and corporate servies sector. The Isle of Man Insurance and Pensions Authority regulates the Island's insurance and pensions business.

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