Corporate Options | Brochure

Corporate

Options

IntroductionCorporate OptionsProviding advice and assistance in all aspects of offshore company and trust formation and management

Corporate

Our Philosophies & ApproachWe believe that quality service is a right that should be expected… the service we provide is the service we would expect to receive ourselves. We believe that work performed should be of the highest standard and without compromise.

Our services are wide ranging and are individually tailored towards meeting a client’s requirements whilst our flexibility allows us to offer a personal and proactive service. At all times we listen and take account of the client’s needs and cater our services specifically towards them by carefully liaising with the client or their advisers.

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corporateoptions.co.im

Corporate OptionsCorporate Options can provide advice and assistance in all aspects of offshore company formation and corporate management for international and local businesses and individuals. Irrespective of the size of the client, we have a dedication to meeting a client's individual needs and strongly believe in providing a highly efficient personal service tailored to an individual's requirements - it is our philosophy that the highest standard of service is continuously maintained.

Whilst being an independent corporate service provider we are able to offer clients additional benefits through our comprehensive range of financial services as provided by Financial Options and being able to offer a first class Isle of Man business relocation service through Relocation Options.

We have excellent relationships with advocates, banks and other financial institutions here on the island and beyond and are keen to work with individuals directly or through intermediaries to secure the best corporate solution for clients.

What makes Corporate Options unique?We offer a different approach in which professionalism is tied with a personal tailored service whilst at all times remaining true to our philosophy in providing an outstanding friendly customer service. In addition to this, our flexible, competitive and transparent fee structure makes Corporate Options distinct from other corporate service providers.

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Corporate

� Formation of Isle of Man companies

� Formation of companies in offshore jurisdictions, e.g. BVI, Cyprus, Delaware and Hong Kong

� Provision of a registered office

� Registering a non-Manx company on the foreign company register ('F' Registration)

� Provision of resident company directors including a corporate director

� Company secretarial services

� Provision of a Registered Agent (for 2006 Act companies)

� Preparation and submission of compulsory documents with authorities, such as annual returns

� Nominee shareholders arrangements

Our ServicesCorporate Options offers individuals and businesses the opportunity to take advantage of the benefits of forming and operating an Isle of Man company. We provide a wide range of services in respect of the formation and maintenance of Isle of Man companies including:

� Application for VAT registration and completion and submission of VAT returns

� Bookkeeping and preparation of financial statements

� Tax preparation and submission of annual tax computations including returns for individuals or corporate entities

� Payroll facilities

� Serviced office facilities

� Investment, mortgage, pension and insurance advice through Financial Options

� Isle of Man business relocation through Relocation Options

About Us

Corporate Options Limited is an independent business based in the Isle of Man owned by the directors of the company, with over forty years of experience of corporate formation and management services.

For seventeen years Financial Options have served the Island with the provision of financial services: mortgages, family protection and savings and investments. Now we are going a stage further by launching through Chase Wealth Solutions a new enhanced service which will help answer these questions and bring an element of certainty into a very uncertain world.

We believe that financial advice can no longer just be based on a current need and through the sale and provision of ad-hoc financial products. Rather financial professionals need to provide a complete, holistic approach to managing your money for today, tomorrow and for the rest of your life.

With the help of sophisticated software our highly qualified advisers can plot your on-going financial requirements, calculate when you will be able to retire, what protection you may need to have in place and project forward a complete picture of your financial future.

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About the Isle of ManThe Isle of Man is the ideal location for establishing or relocating a business due to its position as an innovative financial centre offering low taxation in an excellent regulatory regime.

LocationThe Isle of Man is situated at the heart of the British Isles in the middle of the Irish Sea between Ireland (31 miles) and the United Kingdom (31 miles). The island is 33 miles long and 13 miles wide with a population of approximately 85,000 residents.

The Isle of Man is a beautiful island with unspoilt beaches, mountainous countryside, sweeping coastline and bustling townscapes. Such scenery has provided many a backdrop for the film industry in recent years, the island having doubled as Cornwall, Yorkshire, Norfolk, Hampshire, Brighton and even the Caribbean.

BackgroundThe island is a self-governing dependent territory of the British Crown which is not part of the United Kingdom, but for which the Crown has the responsibility for ensuring the good government of the island and for its external affairs, but the Island's democratically elected government exercises full control of its internal affairs and territorial waters. By long standing convention, the UK Government does not legislate for the Island except with the specific consent of the Island's Government.

The High Court of Tynwald is the Parliament of the Isle of Man, is over 1,000 years old and is considered to be the oldest Parliament in the world with unbroken existence.

The EconomyThe Isle of Man economy has seen 29 years of continued economic growth (as at the 2011/2012 financial year).

The Island's Government has positively encouraged economic growth in recent years by creating a favourable tax regime and suitable legislative framework for expansion.

The Isle of Man is an established and respected international finance centre, built on political and fiscal stability, low taxation and a fully supported modern infrastructure.

The endorsement of the Isle of Man as a leading finance centre has again been evidenced by Standard and Poor's sovereign rating of AA and the white listing by the OECD.

The key sector which has contributed to this growth has been in financial services, and to encourage diversification sectors have been promoted including film and television, shipping and aircraft management, e-commerce and internet businesses coexisting with traditional industries such as tourism, fishing and agriculture.

Quality of LifeThe Isle of Man has remained in the fortunate position of being able to offer affordable high quality commercial and residential accommodation in an open and spacious environment whilst many other offshore jurisdictions have become expensive and overcrowded.

The island has an exceptional health system, high education standards, and excellent transportation links and communication systems and whilst being a modern progressive environment maintains a traditional independence and proud heritage.

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VATThe Isle of Man benefits from a special relationship with the European Union which allows the streamlined movement of goods between the Island and the Union. The Isle of Man is the only offshore financial centre where zero tax rate companies may operate within the European Union VAT system and trade freely within the European Union.

Businesses trading in the Isle of Man may apply to register for VAT in the Isle of Man providing that they can show that day to day management and control of the business is effected from the Island. Once VAT-registered, any Isle of Man business is subject to the normal UK/EU VAT rules.

Registration for VAT is compulsory for companies making taxable supplies which at the end of any month, the total value of taxable supplies made during the preceding 12 months (on a rolling 12-month basis) exceeds £81,000. Also, should a company expect that the value of taxable supplies within a 30 day period will exceed £81,000, then registration will be necessary. The VAT rate currently stands at 20%

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TaxationPersonal Income TaxThe island has its own income tax and customs and excise framework and is independent from the United Kingdom in respect of direct taxation. Income tax is low, the standard rate being 10% and the higher rate being 20% and recently the Isle of Man Government revised the tax cap which provides that an individual's tax liability is limited to £120,000 (£240,000 for jointly assessed married couples or civil partners) irrespective of income generated per tax year payable annually over five consecutive tax years. There are also generous personal allowances.

There are also no stamp duties, capital gains tax, wealth tax, capital transfer tax, inheritance tax or death duty imposed in the Isle of Man.

Corporation TaxThe standard rate of corporate income tax in the Isle of Man is 0% and 10% received by a company from any of the following sources:

� banking business

� land and property in the Isle of Man (including property development, residential and commercial rental or property letting and mining & quarrying)

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Isle of Man CompaniesIsle of Man company law has for a large part followed the English and Welsh company law equivalent and the numerous Companies Acts from 1931 to 2004 the 1931-2004 Companies have modelled themselves on this.

In order to compete in an expanding global marketplace, the Isle of Man Government introduced new corporate legislation in 2006 with the introduction of 2006 Act Companies, to complement the existing company legislation, with the legislation more tailored towards flexibility and simplicity.

Companies incorporated in the Isle of Man have to adhere to the Companies Acts and regulations in force which ensures that a good standard of governance is entrenched in the running of companies from the Island.

Isle of Man registered companies are the conventional form of business entity for the purposes of conducting local and international business from the Island and enjoy numerous benefits:

� Separate legal personality

� 0% corporate tax for Isle of Man resident companies with non-Island beneficial owners or lower tax rate of 10% for defined regulated business

� No capital gains tax, inheritance tax or stamp duties

� Ease of incorporating an Isle of Man company (within 2 working days or faster dependant on an additional fee)

� No requirement to specify a company's objects in the Memorandum of Association, so a company is not restricted in its business activities

� Third parties take comfort from the similarities to English company law

� Nominee shareholders may be used to protect the identity of the owners

With the correct planning it may be possible for an individual or business to take advantage of these benefits through the utilisation of an Isle of Man corporate structure.

"Creating the freedom to flourish on the Isle of Man "

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Benefits of Creating an Isle of Man TrustThe benefits and practical uses of a trust are varied, depending of course on the particular scenario but they are often used advantageously in the following circumstances:

� To enable the Settlor to plan for future generations of his or her family;

� To ensure that the wishes of the Settlor are honoured after his or her death;

� For advantageous tax planning purposes, often structured with Isle of Man companies;

� To enable assets to pass outside of the Settlor’s estate and thus avoid the probate procedure;

� To protect the Settlor’s estate and assets, perhaps from spendthrift or irresponsible family members;

� To provide funds for educational purposes;

� To benefit charitable causes;

� To make provision for a vulnerable or incapable family member; and

� In specific cases, to avoid forced heirship rules.

With the correct planning it may be possible for an individual, family or business to take advantage of these benefits through the utilisation of an Isle of Man trust or in conjunction with a corporate structure.

Isle of Man TrustsAs a concept, the 'trust' dates back to England during the Middle Ages, specifically during the Crusades, and developed as a method by which mediaeval knights could plan for, and protect their assets while they were fighting in foreign lands.

The trust is an arrangement whereby one party, the Settlor vests the title to property in a second party, the Trustee, for the benefit of a third, the Beneficiary. All three parties must be present for a valid trust, though there is nothing to prevent one person or entity being any two of the parties. The same person cannot act in all three positions.

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Company IncorporationSubject to satisfactory due diligence completion, we will be able to incorporate an Isle of Man registered company within two working days. Our fees for company incorporation are competitive and include government disbursements and our time incurred incorporating the company.

Only a Registered Agent may form an Isle of Man registered company in accordance with the Companies Act 2006 (New Manx Vehicle or 'NMV'). The Registered Agent must have a Class 4 licence approved by the Isle of Man Financial Supervision Commission to provide corporate services. Through Chase Financial Services Limited, Corporate Options is able to provide a Registered Agent and thus form NMVs.

We can also incorporate entities outside the Isle of Man. We also have shelf companies available for either the 1931-2004 Companies Acts or the 2006 Companies Act.

Company Management & AdministrationCorporate Options is able to provide a complete and professional management and administration service for Isle of Man registered companies. Our management and administrative services are wide ranging relating to the formation and registration of Isle of Man companies and their administration, ensuring compliance with all the requirements of relevant company legislation. We are able to provide:

� A registered office

� Experienced and professional Isle of Man resident company directors

� A corporate director for a New Manx Vehicle ('NMV')

� A qualified Isle of Man resident company secretary

� Aregistered agent (for an NMV)

� Nominee shareholders

And offer the following management and administrative support functions:

� Company secretarial services including the setting up and maintenance of the company registers

� Completing and filing the company's Annual Return and other statutory documents

� Completing and filing the company's corporate tax return

� Applying for VAT registration (if required turnover levels are met) and continued completion and submission thereafter

� Opening a corporate or Client's bank account

� Bookkeeping and accounts preparation

� Provide serviced office facilities

Offshore Company Formation & ManagementAs well as offering an Isle of Man company formation service, Corporate Options is able to incorporate and provide fully managed corporate vehicles for the following jurisdictions:

� British Virgin Islands

� Cayman Islands

� Cyprus

� Hong Kong

� Ireland

� Mauritius


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Benefits of Registration in the Isle of ManThe benefits of Aircraft Registration in the Isle of Man are highlighted below:

Aircraft RegistrationThe Isle of Man International Aircraft Register was established on 1 May 2007. Since this time the Isle of Man has become a centre of excellence for the registration and management of private and corporate aircraft and is the only dedicated corporate aircraft register in Europe, with its 700th aircraft being registered by the Isle of Man aircraft registry by July 2014.

In the short space of time of its operation, the Isle of Man aircraft register has established an excellent reputation for providing a friendly, customer orientated service which responds quickly and effectively to registration requests. Combined with competitive scheme of charges, the Isle of Man aircraft register offers a great advantage over traditional governmental registers.

� Favourable tax regime - 0% corporation tax

� 0% insurance premium tax (6% in the UK)

� No Air Passenger Duty on business jets

� Independent British Register maintaining the benefits of the United Kingdom legislation whilst being more flexible to owner requirements

� Isle of Man registered aircraft bear prefix 'M' - although the Isle of Man register is a sub-register of the UK register, aircraft does not carry the 'G' prefix therefore providing political neutrality. The 'M' is also a unique prefix followed by four characters which enables owners to personalise the aircraft eg. M-YJET to themselves or their business

� Isle of Man registry allows an aircraft owner to transfer registration from an aircraft to a new aircraft so a unique registration is maintained

� Efficient registration process and low registration costs

� High regulatory standards

� Flexibility in requirements for registered ownership and beneficial ownership can be confidentially maintained

� Location of aircraft is irrelevant to registration on the Isle of Man and can fly worldwide without restriction

� Internationally recognised Flight Crew Licences may be validated to fly Isle of Man registered aircraft resulting in significant cost reductions

� High level of professional and personal service provided by the Registry drawing on an existing body of expertise which has been developed from the Isle of Man's use as a centre for aircraft aviation finance and leasing

� British time zone and the only European based register dedicated to private and corporate aircraft

� Secure mortgage register

� The Isle of Man maintains Standard and Poor's and Moody's sovereign rating of AA, demonstrating the high quality of the islands political, legal and regulatory environment

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Ship & Yacht RegistrationThe Isle of Man has a long history of ship registration, the first ship having been registered in 1786. Since then it has become the jurisdiction of choice for ship registration and its shipping register is now one of the most respected in the world having obtained ISO 9001 Accreditation and following the adoption of the 'Mega Yacht Code' in 2003.

The Isle of Man Shipping Register has been rated in the Paris Port State Control MOU as one of the top ten shipping registries in the world appearing on the White List for the best performing flags, demonstrating that Isle of Man registered ships are operated and maintained to the highest standards.

Benefits of Registration in the Isle of ManThe benefits of Ship & Yacht Registration in the Isle of Man are highlighted below:

� Favourable tax regime - 0% corporation tax and no capital taxation or stamp duty

� The right to fly the 'Red Ensign' with the support of the UK Government which offers consular services around the world with the protection of the Royal Navy

� Excellent worldwide reputation of the Isle of Man Ship Registry

� Highly skilled and professional Ship Registry where Marine Administration staff are available 24 hours a day and availability of experienced shipping professionals such as ship managers and marine lawyers

� Low 'one-off' registration fee, once registered no additional registration fees are payable

� No annual tonnage fee

� Efficient and flexible registration process

� No requirement for pre-registration visit and inspection for ships under 10 years of age

� Availability of Demise (Bareboat) Charter Register enabling a vessel to demise 'in' and 'out'

� The Isle of Man is not regarded as a Flag of Convenience

� Flexibility in requirements for registered owners - a vessel can be owned by corporate body, limited partnership, or an individual

� Corporate ownership of Isle of Man registered vessels permitted by countries in the EU, EEA, British Dependent Territories as well as Australia, Bahamas, Canada, China, Hong Kong, India, Japan, Liberia, Marshall Islands, New Zealand, Pakistan, Panama, Russia, Singapore, South Africa, United Arab Emirates, and United States of America

� The Isle of Man maintains Standard and Poor's sovereign rating of AA demonstrating the high quality of the island's political, legal and regulatory environment


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e-BusinessThe Isle of Man Government has over the years encouraged e-businesses to relocate to the island by offering:

� Financial assistance through grants and tax incentives

� Zero corporation tax

� A world class telecommunications infrastructure

Coupled with these direct benefits, the Isle of Man presents numerous attractions to e-businesses including:

� An independent, proactive and flexible approach to regulation which is independent of the UK and EU

� Sustained economic growth enjoying over twenty five years of consecutive growth

� An open property market with no restrictions or qualifications limiting property acquisition

� A positive attitude to new residents and employees

� The opportunity for future business expansion on the island once developed

� Offering low personal and corporate taxation

� A high level ICT literate workforce including school leavers

Bookkeeping & Accountancy ServicesCorporate Options is able to provide bookkeeping and accounts preparation services, the preparation and completion of personal and corporate tax returns and register for and submit VAT returns for Isle of Man registered companies.

We are also able to provide bookkeeping and financial statements preparation for Isle of Man businesses and individuals.

UK 'White List' AccreditationIn August 2007 the Isle of Man was placed on the UK White List, allowing online gaming companies based on the island to advertise and market themselves in the UK (The UK Gambling Act 2005 banned companies outside the EU from marketing into the UK unless they were appointed to the White List.) In order to be placed on the UK White List jurisdictions have to be able to demonstrate that a satisfactory regime is in place, the licensing and regulatory objectives of which broadly achieve the objectives under which the UK gambling framework operates.

The appointment of the Isle of Man to the UK White List evidences the islands high regulatory standards in e-Gaming and is just one of many reasons for remote gambling operators to establish business operations in the Isle of Man.

e-GamingThe Isle of Man has become a leading jurisdiction in the global e-Gaming sector, offering the benefits of a highly regarded stable jurisdiction with a regulatory framework developed to support and protect both e-Gaming companies and their customers.

The Isle of Man was one of the first jurisdictions in the world to introduce legislation specifically designed to benefit e-Gaming business, and it has gone on to become one of the most respected in the world.

Online gaming was previously regulated under the Online Gambling Regulation Act 2001 whilst online betting was regulated by the Gaming, Betting and Lotteries Act 1988, it was resolved that all online gambling and online betting should fall under one legislative regime. From 1st September 2007 all online gaming and online betting became regulated under the Online Gambling Regulation Act 2001 supported by the 2007 Regulations.

Benefits of the Isle of Man for e-Gaming

� Favourable tax regime - 0% corporation tax for companies with activities outside the Isle of Man, also no capital taxation, inheritance taxation or stamp duty

� Low personal taxation - standard income tax rate of 10%, higher rate of 20% and generous personal allowances and tax cap which provides that an individual's tax liability is limited to £120,000 irrespective of income generated

� Low gaming duty (gross gaming yield) of 1.5% reducing to 0.1% with increased turnover

� One licence for all on-line gaming

� Leading telecoms and communications infrastructure

� Resilient, reliable and self sufficient power supplies

� Excellent transportation links to many of the major and regional airports in the UK and Ireland as well as regular sea links

� One off and/or annual government funding by way of grants are available

� Availability of professional expertise in e-gaming including lawyers, internet service providers, software developers, hardware suppliers, graphic designers, web designers, disaster recovery centres and accountants

� Highly IT- literate work force conforming to international IT standards

� The Isle of Man is a 'Tier 1' jurisdiction with legal and legislative practice based on UK standards and principals and is an ideal location for companies seeking AIM or FTSE market listings

� The Isle of Man maintains Standard and Poor's sovereign rating of AA demonstrating the high quality of the islands political, legal and regulatory environment

� Location in Europe which is within the same time zone as the UK and no more than 2 hours from all other European countries

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Isle of Man Space IndustryThe Isle of Man is increasingly being recognised as a leading jurisdiction for space related businesses and the fact that four of the world’s top 10 satellite companies have a presence in the Isle of Man as well as the Space Data Association and Satellite Interference Reduction Group demonstrates this.

The conditions for the promotion of the Isle of Man space industry have been shaped by the Isle of Man Government and the favourable conditions for businesses that the Island offers include:

� 0% corporation tax on companies' profits including space and satellite businesses;

� The filing with Mansat for select orbital slots;

� A long established finance industry providing a network of banks, lawyers, accountants, tax advisors and other professional support;

� Generous government incentives and grants for new businesses; and

� A stable and encouraging Government keen to develop the space industry base from the Island.

Corporate Options Limited can assist with new business startups, incorporations, provision of registered agent/office and company directors, structuring requirements and liaising with the Isle of Man Government in relation to grants and incentives.

Our sister business Relocation Options provides an Isle of Man relocation service that also assists with relocating senior and key employees to the Isle of Man as well as finding suitable offices and/or warehouse space to operate from.

We have a small, experienced team dedicated to timely customer service and have good working relationships with advocates, accountants and banks.

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Further InformationCorporate Options and Relocation Options are trading names of Corporate Options Limited which is registered in the Isle of Man No. 122844c and licensed by the Isle of Man Financial Supervision Commission.

Corporate Options and Relocation Options are owned by the directors of the businesses and offer a comprehensive range of both domestic and international financial services including company formation, corporate management and Isle of Man relocation services.

Through our sister business, Financial Options, we are able to offer mortgage, investment and pension advice, life assurance, health protection, Isle of Man tax planning, savings advice and medical cover.

The Next StageWe would welcome the opportunity to assist you or your client with their financial requirements. Please feel free to contact us:

Corporate OptionsFirst Floor10-12 Prospect HillDouglasIsle of ManIM1 1EJ

Telephone: +44 (0) 1624 612888Fax: + 44 (0) 1624 628523Email: [email protected]: corporateoptions

Corporate

Relocation OptionsOur sister business Relocation Options, provides a wide-ranging relocation package for individuals, families and businesses looking to relocate to the Isle of Man. Our objective is to make the transition to the island as seamless as possible and our relocation services include:

� Property sourcing

� Guided tours of the Isle of Man

� Assisting with moving to the Island

� Business & company start-ups

� Financial assistance & grant advice

� Commercial funding assistance

� Commercial & residential mortgage

� Insurance & assurance advice

� Tax advice & tax planning

� Pension advice & transfers


Formation | Management | Administration | Aviation | Shipping | Yachting | e-Gaming

Corporate Options Limited trading as Corporate Options and Relocation Options is registered in the Isle of Man No. 122844C and is licensed by the Isle of Man Financial Supervision Commission

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Corporate Options

+44 (0) 1624 612888+44 (0) 1624 [email protected]

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