The Isle of Man – Space to Thrive: For You, Your Family and Your Business
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Guy Wiltcher of Locate Isle of Man explores the Isle of Man as a relocation opportunity – a vibrant, safe and secure place to live, work and invest.
The Isle of Man has always been a popular holiday and short-break destination for those living in the UK and beyond, however many are now choosing to make a permanent move to the stunning UNESCO Biosphere-designated Island, which has some of the lowest crime rates in the British Isles.
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Guy Wiltcher of Locate Isle of Man
Additionally, with the overall UK tax burden on track to rise to the highest since the Second World War, and the forthcoming abolition of the “Non-Dom” regime and changes to inheritance tax rules, the Island’s benign tax environment has never been more attractive.
“Home to a wide range of economic sectors including e-business and e-gaming, fintech and emerging technologies, cleantech, biomed and manufacturing; generous incentives are available for relocating businesses.”
One of the most uniquely beautiful places in Europe, the Isle of Man is a jewel in the Irish Sea. At 33 miles long and 13 miles wide, the Island offers a unique combination of space to thrive, financial rewards and a well-connected, safe community.
It offers an unbeatable standard of living in a truly stunning environment. In fact, the Island is the only entire nation to have been awarded UNESCO Biosphere status. With 95 miles of coastline, there are 32 stunning unspoilt beaches, and sheltered bays to explore and enjoy.
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Cycling Marine Drive
Space to thrive…
For those looking to make the Isle of Man their home, there are a range of properties available to buy or rent, from secluded country estates set in acres of grounds to modern homes with stunning sea views. Unlike the Channel Islands, the property market is open and prospective residents are not restricted in which properties they can purchase.
Residents also enjoy the peace of mind that the Island is one of the safest places to live in Europe, with very low crime rates, and that children will receive a high standard of education in one of the top-quality public and private schools.
The Island also has excellent connectivity with daily flights to 11 airports in the UK and Ireland, including Liverpool, Manchester and London, in addition to and daily ferry services to Liverpool or Heysham. There is also a Private Jet terminal with executive lounges and crew rooms, and an abundance of helipads.
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Douglas Marina
The Isle of Man is financially stable and politically progressive, and welcomes both individuals and businesses with its financially rewarding system offering no capital gains tax, no inheritance tax, no corporation tax, no stamp duty on properties and low rates of personal income tax. Furthermore, there is a tax cap of £220k per person, per annum.
Home to a wide range of economic sectors including e-business and e-gaming, fintech and emerging technologies, cleantech, biomed and manufacturing; generous incentives are available for relocating businesses. Individuals can fulfil their career aspirations in the Island, but also find the right work-life balance. There is a Manx saying, Traa-dy-Liooar, which means ‘Time enough’, and with the average commute being just 20 minutes, the Isle of Man allows its residents to let go of stress, enjoy extra downtime and embrace life to the full.
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Glen Maye
One of the many benefits to living in a stunning island location is that there are shorter commute times, which allows more time to enjoy what makes you happy, and there is plenty to do with your spare time in the evenings and weekends. You can choose from a wide variety of eateries and pubs across the island and there are many fantastic leisure activities to get involved with.
It might be a small island, but with a large percentage of the land mass currently uninhabited, there is plenty of open space for eight challenging golf courses that are playable all year round. The award winning uncrowded courses wrap the rugged coastline and boast stunning views, and will test even the best golfers.
Given the vast and beautiful coastline, it should come as no surprise that the Isle of Man has a wide range of water sports activities on offer. Sailing is very popular, and there are several yacht clubs based around the island. With kayakers, paddle boarders and scuba divers aplenty, spending evenings and weekends at sea is the norm.
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Port Erin
The Island has always been a mecca for motorsports enthusiasts. As well as the world-famous TT motorcycle races, there are a plethora of two and four wheel events taking place all year round, giving opportunities to get involved as a competitor or a marshal. The excellent driving roads have spawned a variety of sports and classic car clubs.
Residents are also blessed with acres of green lanes and open spaces that are perfect for walking, cycling and horse riding. There are plenty of private stables with many competitions and shows throughout the year as well as a polo club and annual tournament. Whether riders choose the scenic countryside or the beautiful beaches, there’s ideal terrain to be enjoyed on horseback, with breath-taking views guaranteed.
So, whether you prefer to spend your spare time recharging your batteries or running on them, the Isle of Man can offer the right balance for you.
To discover more about the Isle of Man way of life and the opportunities available, contact guy.wiltcher@gov.im or visit www.locate.im.