Space & Satellite

The Isle of Man is home to a number of active subsidiaries of the worlds leading space and satellite communications companies. The Isle of Man Government is presently actively filing with the International Telecommunications Union (ITU) in Geneva, via Ofcom in the United Kingdom for select orbital positions and associated radio frequencies.

As a jurisdiction, the Isle of Man offers many financial and regulatory advantages, for space and satellite communications companies such as a zero tax rate (0%) for companies working in the space sector.

The advantages of doing space business on the Isle of Man include:-

  • a pro-space government with access to key decision makers
  • an established professional infrastructure (which includes many of the world's leading companies in finance and insurance)
  • an established base of space, aerospace and high tech industries
  • zero tax on space and satellite business
  • no capital Gains Taxes
  • access to orbital slots
  • financial incentives and grant aid for businesses which create new jobs on the Island
  • Modern and user friendly corporate structures

Links: www.spaceisle.com

For more information please speak with Timothy Mann e-mail: timothymann@mannbenham.com or Miles Benham e-mail: milesbenham@mannbenham.com