Isle of Man | Fidulink Support | Company Formation | En

Required documents

We will also require the following Customer Due Diligence (CDD) documentation in accordance with our EU Anti-Money Laundering requirements:

• Certified copy of the passport of all directors (director) and any other person holding 25% or more of the ultimate beneficial ownership/issued shares of the company. Must be certified by an independent lawyer, notary, auditor or bank agent AND THE COPY PHOTO MUST BE CLEAR AND EASILY IDENTIFIABLE. The certification must state “true copy of the original document” or similar and include the date and official stamp.
• A selfie photo of all directors and anyone else holding 25% or more of the ultimate beneficial ownership/issued shares of the company holding their passport, who can clearly see the face and passport.
  Corporate CV for all directors and any other person holding 25% or more of the ultimate beneficial ownership/issued shares of the company.
• TWO Documents (certified copy as above or original) proving the residential addresses of at least two directors (if the company has two or more) and any other persons holding 25% or more of the ultimate beneficial ownership/ issued shares of the company. The following should apply:
  Must be a utility bill, government/municipal bill or bank/credit card statement – (cell phone bills will not be accepted)
  Documents for at least one director must be translated into English, if necessary.
  Must be less than 3 months old.
  Must have the person’s full name and full address
  The address should preferably be in the upper left corner in a standard letter, or clearly identifiable

Two documents for each agent must be from 2 different companies

No pen marks or corrections on documents are allowed
If we are assisting with a bank account, we will require the above documentation for all account signatories who are not a director/shareholder as well and all banks will require a business plan submitted with the application.

• If the company has a corporate shareholder (i.e. another company as a shareholder), we require a letter from an independent lawyer (ideally located in the country in which the company is incorporated) on its official paper outlining the entire corporate structure and confirming who the ultimate beneficial owners are. Please include ownership percentages and full beneficial ownership details including name, address, date of birth and passport number (optional)

VAT

With respect to VAT registration, if the business makes taxable supplies and is deemed to be required to register for VAT, then it must register if:

at the end of each month, the total value of its taxable supplies made during the previous 12 months, on a rolling 12 month basis, exceeds £85,000; Or
at any time it is expected that the value of the taxable supplies within the next 30 days will exceed £85,000

Service charge – Complete request for VAT number [Dossier preparation – Coordination – Follow-up] €1,499 [Not included in the package]

Taxes

The Isle of Man corporate tax rate is 0% for most businesses except for certain licensed and proprietary entities.