In the realm of wealth management and succession planning, the Isle of Man Foundation (IOM Foundation) is emerging as an increasingly attractive option. Unlike traditional trusts, an IOM Foundation is an incorporated vehicle with a distinct legal personality.

Acquiring your very own yacht is a decision that demands careful thought and consideration. There exists a multitude of factors to consider. Below are ten of the essential factors to guide you on your journey.

Over the last five decades, the superyacht industry has experienced remarkable growth and progress. Although luxury yachts have existed for more than a century, the presence of and demand for opulent yachts of such size, sophistication, complexity, and comparative value as we see today have predominantly emerged within the past half-century.

In the world of international finance and corporate structuring, selecting the right jurisdiction can make all the difference. One jurisdiction that has gained significant attention and acclaim in recent years is the Isle of Man. Nestled in the heart of the Irish Sea, this self-governing British Crown dependency has become a prime choice for businesses seeking optimal corporate structures.

In the realm of international business, the concept of “offshore company formation” has long intrigued entrepreneurs and investors seeking to expand their ventures beyond national borders. Offshore companies offer a variety of benefits and opportunities for those willing to navigate the intricacies of international business laws and regulations.

Tax planning and management are essential to the financial operations of a business, yet they are often misunderstood. It is important to remember that taxes are a business cost and must be managed as such. Taking the time to ensure the taxes of the business are managed properly can lead to a greater success.

COVID-19 has completely altered the meaning of operational and financial flexibility for businesses. In this ever-changing environment, business owners must keep a close eye on their cash flow and find innovative ways to operate.

We all know that running a business comes with a never-ending to-do list. However, auditing your business might not be on that list. Auditing through a third party can provide an impartial assessment of your business and tax compliance.

There are many advantages to setting up a trust. They offer a level of protection and control of assets that other wealth management and estate planning options often cannot match.

If you’re like many business owners, you’ve probably been with the same accounting or business advisory firm for a while, simply because the thought of changing seems difficult.

Companies should regard audit requirements as a business health check, rather than a compliance burden to avoid.