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The Isle of Man has officially launched a new dynamic and comprehensive funds proposition, developed to attract further funds business to the Island and continue the strong growth of the Island’s fund sector.
This comes on the back of the Island’s phenomenal growth rate, of US$7 billion in 2003 to US$50.1 billion to date.
The regime offers a new and enhanced suite of fund categories, including SF (specialist fund) and QF (qualified fund) products. It includes a major new focus on alternative funds in order to secure business for the incorporation, domiciliation and establishment of fund management operations in the Isle of Man.
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Customers of AXA Isle of Man Limited now have exclusive access to the newly launched Bramdean Alternatives Limited Fund through an offshore Bond wrapper following the launch of the AXA IOM Bramdean Alternatives Fund.
The fund will invest in Bramdean Alternatives Limited, which is seeking a full listing on the London Stock Exchange in early July. Investors will have a full range of alternative investments within an AXA Isle of Man Bond wrapper.
This innovative fund offers globally diversified investment across private equity, hedge funds and speciality asset classes, which may include infrastructure, real estate, natural resources and structured finance funds. |
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The Isle of Man is an established, widely recognised and reputable financial services centre. Some of the world’s leading financial names control their international operations from Isle of Man headquarters or base important arms of their group activities here. The solid reputation of the Isle of Man is underlined by endorsement from international bodies such as the IMF, OECD, FATF, and the FSF.
The Island is fully committed to operating to international standards of regulation and corporate governance and the recent, invited, inspection by the IMF demonstrated we are achieving this.
The Island’s financial services sector is diverse with the main activities being Banking, life and captive Insurance, fund administration, and corporate and trust service provision. These activities are supported by a professional services sector that boasts international accountancy practices and a wealth of legal firms.
Isle of Man Finance is the division of the Isle of Man Government Treasury with responsibility for the facilitation and ongoing development of the Isle of Man as a leading international finance centre. The division welcomes the opportunity to assist organisations and professional intermediaries by providing information and contacts relating to the financial and professional services on the Island. |
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Isle of Man finance centre
The Isle of Man is unique in being able to offer expatriates an exceptional quality of life, coupled with a modern and progressive economy.
The Island has a world-leading telecoms and communications infrastructure, is home to a wide range of lawyers, accountants and professional investment advisers, and is conveniently only an hour’s flying time to London. |
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Isle of Man
The Isle of Man is an established, widely recognised and reputable financial services centre. Some of the world’s leading financial names control their international operations from Isle of Man headquarters or base important arms of their group activities here. The solid reputation of the Isle of Man is underlined by endorsement from international bodies such as the IMF, OECD, FATF, and the FSF.
The Island is fully committed to operating to international standards of regulation and corporate governance and the recent, invited, inspection by the IMF demonstrated we are achieving this. |
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Jane Cook, private wealth manager at UK financial advisers Thinc Destiny recommends an Isle of Man offshore Bond to help deal with the problem of Inheritance Tax (IHT).
If they are still classed as UK-domiciled, expatriates may still be liable to IHT even if they have lived abroad for years.
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Tony Brown: veteran of 25 years in the Tynwald 
Mr Brown, 56, has 25 years experience in Tynwald, the Manx parliament, including a range of ministerial posts.
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