We are able to assist major companies and individuals worldwide with opening a business and a personal bank account in the Isle of Man. Business bank accounts in the Isle of Man require a higher deposit of at least USD 2million or USD5m, depending on where Ultimate Beneficiary Owner is resident and where the company is incorporated. Private bank accounts require a minimum deposit between GBP25,000 and GBP200,000. No physical visits are required for bank account opening.
The Isle of Man is a well-known offshore financial centre for wealth management and private banking.The English Crown-dependency is also home to a large number of investment funds, hedge funds and trusts. It is geographically close to mainland Europe and in close proximity to mainland UK.
From a legal point of view, the Island is governed by English Common Law and gives assurances to investors that its legal framework is rule-based and bound by the rule of law.
Key benefits of holding an Isle of Man offshore bank account :