News

Tax Agreement with Switzerland Comes Into Force

21 October 2014

The Isle of Man’s Agreement for the Exchange of Information Relating to Tax Matters with the Swiss Confederation entered into force on 14 October 2014.

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Tax Agreement with Indonesia Comes into Force

21 October 2014

The Isle of Man’s Agreement for the Exchange of Information Relating to Tax Matters with the Republic of Indonesia entered into force on 22 September 2014.

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Ailo Announces 2014 James Ball Award Recipient

21 October 2014

The Association of International Life Offices (AILO) held its Annual General Meeting in Douglas, Isle of Man, on Friday 10th October. At the meeting the Association’s Chairman, Nils Liljeberg, presented this year’s James Ball Award.

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UK Regional focus for new Business Development Manager

20 October 2014

The Department of Economic Development has announced the appointment of Paul Maddocks as Business Development Manager to its Financial Services team.

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Isle of Man Removed From Republic Of Colombia Blacklist

15 October 2014

On 7 October 2014 the Republic of Colombia’s Ministry of Finance and Public Credit published Decree 1966/2014, the effect of which is to remove the Isle of Man from Colombia’s blacklist.

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Isle of Man Company, Garigus Limited, Incorporates: Founding Shareholders Pay in Bitcoin

14 October 2014

A key milestone was passed recently in the development of the IoM bitcoin industry with the incorporation of an Isle of Man company, Garigus Limited (“Garigus”, “the company”), when the company’s founding shareholders paid for their shares in bitcoin. This continues the Isle’s momentum for bitcoin, which was further evidenced at last week’s Crypto Valley Summit, where over 170 entrepreneurs, enthusiasts and representatives from both the private and public sector gathered to discuss the future of digital currencies in the Isle of Man.

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Lord Hill, New EU Commissioner for Financial Services, Voices His Digital Currency Recommendations

10 October 2014

Lord Hill, the new EU commissioner-designate for the Financial Stability, Financial Services and Capital Markets Union portfolio, has given his recommendation on regards to the treatment of digital currencies.

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A new partnership of private and public sectors is a resounding success for the Isle of Man

07 October 2014

This year’s Monaco Yacht Show saw a new collaboration between private and public sectors from the Isle of Man.

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Industry Group reports good 2014 for Visitor Economy

03 October 2014

There was positive news arising out of the latest Visitor Economy Strategic Group meeting which took place recently.

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Feedback invited on 'bold vision' for Douglas

03 October 2014

A public consultation has today (Friday 3 October) been launched on a ‘bold vision’ for the future development of Douglas.

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Isle of Man in fourth decade of economic growth

03 October 2014

Chief Minister Allan Bell MHK has hailed the Island’s ‘remarkable national achievement’ following confirmation of its 30th consecutive year of economic growth and GDP reaching £4 billion for the first time.

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Engineering centre of excellence a boost for industry

01 October 2014

A training facility that will boost one of the Island’s most important industries will be declared open this month.

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New Business Development Manager role for Nick Preskey

25 September 2014

The Isle of Man Government’s Department of Economic Development has appointed Nick Preskey to the new role of Business Development Manager, High Net Worth Individuals.

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Isle of Man Food & Drink Festival caters for more visitors than ever!

24 September 2014

The Isle of Man Food & Drink Festival in the Villa Marina Gardens attracted more visitors than ever, with 5,600 visiting the weekend’s two-day celebration of local produce and cooking.

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Leading Tech Entrepreneurs Name the Isle of Man the Digital Currency Capital of the World

19 September 2014

Isle of Man outshines US, UK, Luxembourg and Singapore when it comes to favourable business conditions for digital currency companies.

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STEP Scheme Final highlights local undergraduate talent

12 September 2014

The 2014 STEP Scheme Final took place recently with a record number of undergraduate projects being presented.

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Meeting International Standards for Measuring Gross Domestic Product

09 September 2014

The Department of Economic Development has launched an important survey which will be used to assist in the calculation of the Isle of Man’s National Income as measured by Gross Domestic Product (“GDP”).

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Isle of Man Ship Registry Celebrates 30 Years of Success

08 September 2014

The Isle of Man Ship Registry has just celebrated its 30th anniversary by highlighting its status as a leading maritime centre of excellence. It currently stands at number 14 in the world table of registers by tonnage, with Gross Registered Tonnage having more than doubled over the past 10 years and the number of vessels on the register increasing by more than a third over the same period.

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Isle of Man Chamber of Commerce Hosts Crypto-Currency Debate

04 September 2014

A debate hosted by Isle of Man Chamber of Commerce provided further evidence of the growing interest in the business opportunities which may be provided by crypto-currencies such as Bitcoin. More than 200 guests attended a lunch at Mount Murray Hotel on Wednesday September 3 followed by a debate and Q&A session on crypto-currencies featuring a panel of leading experts on the subject.

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Isle of Man Signs Tax Co-Operation Agreement with Swaziland

01 September 2014

The Isle of Man has signed a Tax Information Exchange Agreement (TIEA) with the Kingdom of Swaziland.

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Isle of Man Steam Packet Company Records Another Increase in Festival of Motorcycling Visitors

29 August 2014

The Isle of Man Steam Packet Company saw further growth in passenger numbers during the 2014 Isle of Man Festival of Motorcycling.

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Interested in starting your own business?

27 August 2014

The Department of Economic Development is running a seminar on its Small Business Start Up Scheme (SBSUS) for anyone interested in setting up their own business. This will also coincide with the Scheme’s 100th course since its inception in 1996.

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Isle of Man signs Memorandum of Understanding with Northern Ireland on economic cooperation and trade

26 August 2014

The Department of Economic Development has signed a Memorandum of Understanding (MOU) with the Department of Enterprise, Trade and Investment in Northern Ireland.

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Employment and Skills 2014 event seeking exhibitors to promote careers, training and skills development in the Isle of Man

18 August 2014

Organisations from across the Isle of Man are being invited to participate in Employment and Skills 2014, the largest local event highlighting career and training opportunities for Isle of Man residents.

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Manx Cheese Flying High!

12 August 2014

Isle of Man Vintage Cheddar has been selected as one of only four British cheeses to grace a cheese board put together by Emirates Airlines for their Business and First Class passengers.

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Successful International Festival for Business for Isle of Man

05 August 2014

The Minister for Economic Development has issued an upbeat message following the conclusion of the International Festival for Business (IFB) which was held in Liverpool during June and July.

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IoM Funds Association Chairman attends International Festival for Business 2014

30 July 2014

30 July 2014 (Isle of Man)…Paul Kneen, Chairman of the Isle of Man Funds Association and Chief Executive Officer of Abacus Financial Services Group, recently returned from the ‘Knowledge, Professional & Financial Services Week’ which formed part of the seven week International Festival for Business 2014 (IFB) in Liverpool. During his visit Mr Kneen joined a panel of expert speakers for the Isle of Man Department of Economic Development’s ‘Managing Your Family Office with Confidence’ event.

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New Director of Civil Aviation for the Isle of Man announced

23 July 2014

The Department of Economic Development has announced that Simon Williams will take over the role as the Isle of Man’s new Director of Civil Aviation on October 1st 2014 replacing Hartley Elder who retired earlier this year.

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Isle of Man Aircraft Registry continues strong growth

03 July 2014

The Isle of Man Aircraft Registry is continuing its strong growth and has just completed the registration of its 700th aircraft since it was established in May 2007.

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Isle of Man big winner at International Fund and Product Awards

24 June 2014

The Isle of Man’s Financial Services sector was the big winner at this year’s International Fund and Product Awards with virtually all categories being won by Isle of Man-based firms and a further number being ‘Highly Commended’.

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PokerStars commits its future to the Isle of Man

20 June 2014

The Department of Economic Development has welcomed the announcement that PokerStars has committed its future to the Isle of Man following its recent takeover by Amaya Gaming Group Inc.

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China Securities Regulatory Commission signs a MOU with the Isle of Man Financial Supervision Commission (FSC)

17 June 2014

A delegation from the China Securities Regulatory Commission (“CSRC”) has visited the Island at the invitation of the Chief Minister to sign a Memorandum of Understanding (“MOU”) with the Financial Supervision Commission (“FSC”). The MOU on regulatory cooperation in respect of securities’ markets was signed yesterday.

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Further details regarding the rescue of 300 people by Isle of Man registered ship ‘Jupiter Bay’

13 June 2014

The Isle of Man Ship Registry has provided further details of the rescue by Isle of Man registered bulk carrier ‘Jupiter Bay’ of more than 300 people trying to cross the Mediterranean in two wooden boats.

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Department advertising for key roles to further economic growth

13 June 2014

As part of its commitment to fulfilling the Isle of Man Government’s objectives of delivering Vision2020 and growing the economy, the Department of Economic Development (DED) is advertising two key new roles: a Director of Tourism and the Visitor Economy and a Marketing Director.

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HOSPICE ISLE OF MAN IS VOTED 12TH OVERALL – The Sunday Times 100 Best Not-For-Profit Organisations to Work For 2014

12 June 2014

Local palliative care provider Hospice Isle of Man was delighted to receive 12th place overall in the prestigious Sunday Times 100 Best Not-For-Profit awards held recently.

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Isle of Man Moves to Control Digital Currencies

10 June 2014

The Department of Economic Development announced today that the Isle of Man intends to take specific actions aimed at helping protect businesses and customers utilising digital currencies and provide an environment for high-quality businesses in this rapidly emerging field who wish to operate here.

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Over 50 Isle of Man organisations are finalising preparations for the International Festival for Business 2014

04 June 2014

Preparations are being finalised for a major Isle of Man presence at the International Festival for Business which starts next week. The Department of Economic Development along with more than 50 Isle of Man firms from a number of sectors have committed to take part in the Festival, which is being held in Liverpool and the North West beginning on Monday 9th June.

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3D Seismic Survey to be conducted to determine offshore reserves of hydrocarbons

30 May 2014

The Department of Economic Development are currently seeking expressions of interest to undertake 3D seismic studies in the Isle of Man’s territorial sea in order to provide further data on potential reserves of hydrocarbons (predominantly natural gas).

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Minister welcomes further decrease in recorded crime

28 May 2014

Home Affairs Minister Juan Watterson MHK has welcomed evidence of another significant decrease in the level of recorded crime in the Isle of Man.

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Manx registered tanker in dramatic rescue at sea

29 April 2014

A British couple, and their dog, along with one Belgian crewman were saved from the ocean after clinging to a life raft for hours amid 25ft waves by the Manx registered tanker Tilda Kosan after their 49ft yacht Blue Pearl sank in a storm.

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Department secures additional resources to drive economic growth

11 April 2014

The Department of Economic Development has secured additional funding of £2million over three years to help drive additional economic growth in a number of key areas.

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Update on Manx Educational Foundation’s proposed International Centre for Technology

04 April 2014

Since the agreement with Government to sell the Nunnery in October 2013, the Manx Educational Foundation (MEF) has made substantial progress with its proposals to develop the International Centre for Technology, a private educational facility providing leading Information and Communication Technology (ICT) and business skills.

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Manx Telecom opens its third data centre

28 March 2014

Manx Telecom’s brand new Greenhill Data Centre (GDC) is now open for business as the company announced completion of the £10million project’s first phase.

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Isle of Man Offers ‘Green Ship’ Incentives

26 March 2014

The Isle of Man Ship Registry has announced that from 1st April 2014 it is introducing new incentives for ship owners to adopt energy efficient ship designs which reduce fuel consumption and air pollution.

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North West ties strengthened with signing of Memorandum of Understanding with Liverpool Vision

26 March 2014

The Department of Economic Development has signed a Memorandum of Understanding with Liverpool Vision which will assist in the promotion and development of economic co-operation and overseas investment between the Isle of Man and Liverpool City Region.

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Minister announces new political delegations

21 March 2014

Minister for Economic Development John Shimmin MHK has announced the new delegations for the Department of Economic Development following the arrival of its new political Members.

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Chief Minister welcomes UK Government response to Select Committee Report

17 March 2014

The Chief Minister has welcomed further recognition of the robust state of the relationship between the United Kingdom and Isle of Man Governments.

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Delegation strengthens relationship with China

14 March 2014

The Manx delegation to China has helped to strengthen relations with the world’s second largest economy and raise further awareness of the Isle of Man as a leading international business centre.

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Chief Minister signs economic MOU with Tianjin

12 March 2014

Chief Minister Allan Bell MHK has today (Wednesday 12 March) signed a Memorandum of Understanding (MOU) on economic and trade cooperation with one of China’s fastest growing business centres.

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Departmental Memberships announced

07 March 2014

Chief Minister Allan Bell MHK has today (Friday 7 March) announced the appointment of Members to the Departments of Government as agreed by the Council of Ministers.

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Simon Pickering appointed Business Development Manager for Retail Financial Services in the Isle of Man

07 March 2014

The Isle of Man Government’s Department of Economic Development has appointed Simon Pickering to the new role of Business Development Manager, Retail Financial Services.

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Department of Economic Development’s response to the Isle of Man Budget 2014

20 February 2014

The Minister for Economic Development John Shimmin MHK is confident that his Department will help drive further economic growth and job creation following the Treasury Minister’s Budget speech earlier this week.

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Isle of Man has very successful ICE 2014

12 February 2014

The e-Gaming team for the Department of Economic Development and representatives from the Isle of Man’s e-Gaming sector have reported an extremely high number of enquiries following a successful ICE Totally Gaming event in London.

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Director of Civil Aviation to retire

11 February 2014

The Department of Economic Development has announced that it is seeking a new Director of Civil Aviation as Hartley Elder, the current Director, is to retire later this year.

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Isle of Man Government takes next step to exploring offshore wind and tidal energy opportunities

03 February 2014

The Isle of Man Government has taken a further step towards exploring the opportunities for generation of offshore wind and tidal energy and is now inviting expressions of interest from parties seeking to develop offshore energy production in Isle of Man territorial seas.

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Plan for Isle of Man’s economic future launched

27 January 2014

Plan for Isle of Man’s economic future launched. Economy can grow by 3% to 4% each year to 2020, with e-Business sector being key source of growth.

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2013 proves a success for the Isle of Man Ship Registry

07 January 2014

The Isle of Man Ship Registry has delivered another very good year, securing more ships from new owners with a corresponding increase in gross registered tonnage of more than twice the growth rate of the world’s fleet during 2013.

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Isle of Man’s Companies Registry gains ISO certification

19 December 2013

The Isle Of Man Companies Registry quality management system has been certified as complying with the requirements of ISO 9001:2008 following a review by Lloyd’s Register Quality Assurance.

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New CEO for the Department of Economic Development

09 December 2013

The Civil Service Commission has appointed Chris Corlett as Chief Executive for the Department of Economic Development. He has been the Department’s Acting Chief Executive since October 2012.

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Diversification providing economic resilience

06 December 2013

The diversification of the Isle of Man economy is continuing to provide great resilience in the face of difficult trading conditions and reduced Government spending.

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Isle of Man Aircraft Registry plans for continued strong growth

04 December 2013

The Isle of Man Aircraft Registry is continuing its strong growth and has just completed the registration of its 650th aircraft since its inception in May 2007. Plans are now in progress to facilitate further growth.

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Department welcomes news of first NYSE listing for Isle of Man Company

27 November 2013

The Department of Economic Development has welcomed the news that the first Isle of Man company has been listed on the New York Stock Exchange (NYSE).

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Isle of Man gets top rating from OECD

22 November 2013

The Isle of Man has been awarded the top ‘Compliant’ rating by the global body reviewing tax transparency around the world.

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2013 Tourism Awards and new providers evidence of growing confidence in Visitor Economy

15 November 2013

The Department of Economic Development has announced the shortlist for the Tourism Awards with another upbeat message on the performance of the Visitor Economy sector.

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UKTI support for Isle of Man firms

09 October 2013

Following discussions between the Chief Minister and Minister for UK Trade and Investment (UKTI) Lord Green on renewing arrangements, the rules governing the extent to which Isle of Man based businesses may access services provided by UKTI have been clarified, this reflects the benefits which Isle of Man businesses bring to the UK economy as a whole.

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Isle of Man Aircraft Registry voted 'best in the world'

16 August 2012

A survey of leading aviation lawyers from around the world, conducted by leading aviation publication 'Corporate Jet Investor', has voted the Isle of Man Aircraft Registry the best aircraft registry in the world.

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NASA to participate in Space Data Association

13 August 2012

The Space Data Association today announced that NASA has signed an agreement with the SDA to use its services.

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