🚀 go-pugleaf

Nova Business Services Limited
8 Prospect Hill,
Douglas,
Isle of Man,
Tel 0044 1624 616009
Fax 0044 1624 616022
E-mail nova@enterprise.net


We are company formation agents in the Isle of Man, but we sell companies
from all over the world.

There are basically 3 types of companies,

1. Resident.
These companies are your typical companies which pay tax at the local rate
(in the Isle of Man 20%, U.K. 24%-32% Etc.) these companies are good as
holding companies as they only pay tax on profit so if the company is
holding a building in trust it will not pay tax of if it will hold shares
and not receive dividends.

2. Non-Resident.
These companies are the most common and highly used and best sellers.These
companies are set up in a jurisdiction for trade out side that jurisdiction
and does not pay tax if it does not trade in that jurisdiction.
Some jurisdictions charge for the non-resident status (I.o.M. �750) (B.V.I.
$300) (BAHAMAS $350) But Ireland does not charge any non-resident duty as it
is a tax loop hole. Most of these companies do not have to file accounts
(Irish limited {LLC} companies must file accounts with the companies
registry but unlimited companies{INC.}do not.)

3. Tax Exempt
These companies pay a tax that exempts them from paying income tax under the
condition that they don�t trade in the jurisdiction where they are
incorporated, These companies are considered resident and can trade from
their home jurisdiction but cannot sell to any resident company, they may
sell to other tax-exempt companies.
The Isle of Man charges �400 for this privilege