|Local Time (LIVE):||4:34 PM|
|Local Currency:||$1 = £0.77|
|Tax Year Dates:||6th April – 5th April|
Located in the Irish Sea, between England and Northern Island, the Isle of Man is a self-governing dependency of the British Crown. It has a rich Celtic and Viking history, but today, the economy of the Isle of Man thrives on tourism, finance, and online gambling. It’s also attracted attention, and consequently income, from the film industry in recent years, due to its rugged coastlines and open countryside.
Businesses might be attracted to the Isle of Man as a potential destination for expansion because of its position between England and Northern Ireland. The Isle of Man Airport offers direct flights to destinations throughout the UK, including Gatwick, Luton and London City. From these airports it’s possible to connect to destinations all over the world. Within the island itself, there is a reliable network of public buses, as well as several picturesque Victorian train services.
Any company owner looking to expand their business over to the Isle of Man must be familiar with the local laws relating to HR and payroll. Compliance with such legislation is vital in order to achieve a successful expansion. The team here at FMP are adept at navigating the world of foreign employment law, payroll, and HR, and are well-equipped to provide the assistance you need to set up shop in the Isle of Man.
Details correct at time of publication. You should not rely on these details without first seeking professional international advice.