Live & Work in the Isle of Man
The Isle of Man benefits from having the oldest continuous parliament in existence in the world today - Tynwald - and its stable political infrastructure makes it an excellent place to live and work.
The Island offers residents an excellent quality of life. With incredibly low unemployment, a temperate climate, a favourable tax regime, the lowest crime rate in the British Isles and the fact you can get from your front door to the countryside or the coast in a matter of minutes, what’s not to like?
Property
Aside from the fact it has some of the most stunning, picturesque scenery in the British Isles, there’s a choice of property to suit all tastes and budgets. Unlike other offshore jurisdictions, there’s no limit on buying or renting property, and mortgage tax relief is available to Manx workers.
From quaint Manx cottages tucked away in the hills or on the coast, elegant townhouses on Victorian town squares, new-builds and purpose-built apartments, rolling countryside mansions and even farms – there’s something for everyone.
Education, sport and other facilities
Investment in the Island’s infrastructure is a key focus for the Government, and this is reflected in its modern facilities. State of the art schools including the recently opened, multi-million pound Bemahague School serving senior pupils in the East, mean children get the best education to set them up for their later years. The Isle of Man College and International Business School offer a wide range of further education opportunities, with a number of courses and degree programmes accredited by UK universities and professional bodies.
The Island has one private junior school, The Buchan, and senior school, King William’s College, both in Castletown close to the airport.
State of the art sports facilities include The Bowl, a 3,000 capacity multi-use stadium, and the National Sports Centre, one of the best-equipped purpose-built sports arenas in the British Isles with a multitude of indoor and outdoor activities on offer during the day and in the evenings. Its 8km outdoor raceway is where Manx Olympic Gold medal-winning cyclist, Peter Kennaugh, and Manx multiple Tour de France stage winner, Mark Cavendish, honed their skills as youngsters!
Manx residents are served by a state of the art, modern hospital set just outside the capital, Douglas, as well as a smaller hospital in Ramsey serving the North.
Shopping and transport links
A mix of High Street, household names and independent Manx retailers, shopping facilities across the Island are excellent. Eat like a King with fresh Manx produce grown on the land or caught fresh from the sea and sold daily in supermarkets or at the regular Farmers' Markets. With so many cultural and heritage attractions on offer, there’s always something to do.
Flights and ferries link the Isle of Man to the UK, Ireland and beyond daily, meaning it’s easy to go and visit family and friends regularly. A comprehensive bus network means it’s easy to get around here.
Work and tax
The Isle of Man is a leading centre for finance, e-business, space commerce, insurance, aviation and shipping. The manufacturing sector is strong, and tourism is a major source of income. In order to protect jobs for Manx residents, the Island operates a work permit system.
Tax is comparatively lower than the UK, with a maximum cap of 20% on personal income over £120,000 per annum. A zero corporation tax policy makes it an excellent place from which to run a company.
For more information about moving to the Isle of Man, head to www.locate.im.
