Isle of Man Trusts

The Isle of Man is an ideal jurisdiction to locate a trust:

• The legal system is based on the principles of English common law
• Trusts are used to transfer legal ownership of assets from the settlor, who forms the trust, to the trustees who administer it for the beneficiaries
• No local tax liabilities are applicable when both the settlor and beneficiary are non-resident and income is sourced outside the Island
• Trusts can be used for asset transfer on death, and confidentiality is protected since there is no public trust register or filing requirement