Case Study: Isle of Man holding company registration — a success story
Globalisation, diversification, and optimisation are the three cornerstones of modern business.
In an environment of ever-changing markets, increasing competition and increasingly complex legal and tax systems, entrepreneurs are looking for effective tools to manage their assets, protect their interests and achieve long-term success.
One such tool is the registration of a holding company.
Background
We were approached by a client whose business had grown to impressive proportions over many years of successful operation. His business empire included various types of assets:
Property in Turkey and Madeira;
Commercial vessels;
Assets in various island jurisdictions;
Registered trademarks;
Companies scattered around the world: in the UAE, the EU, Singapore, and Hong Kong.
As the client's business grew, it became increasingly difficult to manage. The fragmented asset structure had become a monster, consuming time and energy. And the thought of potentially losing everything he had worked so hard for was haunting him.
Analysis of the situation
The analysis carried out during the initial consultation showed that the fragmented business structure was leading to duplication of management processes, difficulties in control and an increase in tax liabilities. Assets were held in multiple jurisdictions with no clear strategic planning, increasing the risk of unforeseen circumstances. It was clear that the client's business needed to be restructured. We chose a solution that would allow us to bring all assets under a single jurisdiction, ensuring reliable protection of the client's assets and optimising the tax burden. The decision was to register the holding company.
Our actions
YB Case specialists are constantly monitoring modern business trends, so the most optimal jurisdiction for the client's case was proposed for the registration of the holding — the Isle of Man.
Why the Isle of Man?
The main advantage of this jurisdiction is its favourable tax regime, with a zero rate of corporation tax. The Isle of Man is part of the British Crown, which provides benefits such as political and economic stability. In addition, the island has a well-developed infrastructure that provides everything you need to do business, from banks to accountants.
Once the jurisdiction had been selected, we took the following steps:
A thorough audit of all business structures and assets was carried out, including an assessment of their value, legal status and tax liabilities.
Based on the results of the audit, a strategy was developed to create a holding structure that would bring all the assets under one management.
A holding company was established and registered in a jurisdiction that considered the tax and legal characteristics of all the assets.
Once the holding company was registered, there was a legal unification of all the companies and assets under its control.
Effective management, control, and reporting systems were put in place to maximise operational efficiency and minimise tax risks.
Outcomes
After 3 months of working with us, the client received an Isle of Man registered holding company that met all their requirements:
Effective management;
Tax optimisation;
Reliable protection.
The creation of the holding company made it possible to significantly simplify business management, reduce operating expenses and tax liabilities and increase the level of asset protection. Thanks to centralised management and optimised processes, the business has become more flexible and competitive.
Result
The decision to create a holding structure was a key step in the development of the client's business. The process not only enabled more efficient asset management, but also created a strong foundation for the company's long-term growth and development in a rapidly changing business environment
“I could get it off my chest!” — Client testimonial on registering a holding company in the Isle of Man:
“I still can't believe how easy and quick everything has been. Just a few months ago, I was completely at a loss. My business was a patchwork of companies, ships, and properties scattered all over the world. It was becoming increasingly difficult to manage, and I began to worry seriously about the safety of my assets. These concerns were, of course, apparent to others and my friend advised me to contact your company for a solution. I contacted the manager and, as you know, it was the best decision I ever made.
From the very first minutes of communication, I realised that I was in the hands of professionals. Not only did they offer me an off-the-shelf solution, but they understood my situation in detail and took all the nuances into account. The Isle of Man was a real surprise to me. I would never have thought that such a small dot on the map could become the ideal home for my business.
The enrolment was surprisingly quick and easy. And now: all my assets are reliably protected, administration has become easier and taxation is no longer such a nuisance.
I can sleep at night knowing that my business is in good hands. Thank you for your work! You haven't just solved my problem, you've got it off my chest”.
Want to know more?
Contact us in the most convenient way from the “Contacts” section, and YB Case specialists will help you register a holding company and open new horizons for your business!