If you are looking to start a business and live in the UK, you should consider whether the Isle of Man Start Up or Innovator route could be more beneficial for you. Under this route, you can not only set up your own business, but you have the option of investing and getting involved with an existing Isle of Man business.
The Isle of Man is not part of the UK, meaning that, for instance, it has its own government, and has its own policy on matters including tax, business and immigration incentives. It is, however, centrally located between Great Britain and Ireland, meaning that cities such as London, Manchester and Liverpool are only a few minutes' air travel away.
People who complete the immigration process in the Isle of Man typically obtain full British permanent residence rights (called Indefinite Leave to Remain) and ultimately full British citizenship, all without necessarily becoming resident in the UK for tax purposes.
The Innovator route is for experienced business people with a track record in entrepreneurship, and allows access to ILR in only three years. The Start Up route is for less experienced business people and allows them two extra years to prove their business idea before transferring into the Innovator route.
The enquiry form on this page is the best way to get started.
To meet the requirements, you will need:
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