The Isle of Man, situated in the centre of the British Isles, is an internally self-governing dependent territory of the Crown that is not part of the United Kingdom. The Island has a special relationship with the European Union set out in Protocol 3 to the United Kingdom's Treaty of Accession.
Tynwald, the Island's 1000 year old Parliament, makes its own laws and oversees all internal administration, fiscal and social policies. Both individuals and companies resident in the Isle of Man for income tax purposes enjoy complete independence from the United Kingdom on matters of direct taxation. The Island's taxation system is quite separate from that of its neighbour.
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. Furthermore, the Isle of Man Government has provided funding to establish the Island as a leading e-commerce platform.