Welcome to ILS World

Isle of Man

Secure, efficient and business friendly, ILS World's approach is defined by our home jurisdiction, the Isle of Man.

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British Virgin Islands

ILS World opened its doors in Road Town, Tortola in 1994. From this central location in the British Virgin Islands we provide a timely and efficient service, drawing upon locally cultivated knowledge and applying it within an independent, global network.

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China

From our Shanghai office, ILS World provides commercial and private clients access to the right global network to meet their ambitions.

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Dubai

The ILS World independent network expanded into the Middle East's vibrant economic and cultural centre in 2005. Since then, we have combined Dubai's excellent reputation as a business friendly and well regulated economy with our significant experience in the jurisdiction to deliver peerless fiduciary, regional incorporation and corporate administration services to clients operating in this exciting marketplace.

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Hong Kong

ILS World combines a straightforward and efficient service with Hong Kong's business friendly environment to offer our private and commercial clients confidence and peace of mind in a dynamic marketplace.

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London

Our London office is ideally situated to serve a large local client base. It is the hub of ILS World’s administrative function for our UK client companies and an excellent location from which to liaise with a global client portfolio.

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Portugal

Our expansion into Portugal in 1999 was in response to the needs of our clients. We’re here because you need us to be. Since then, ILS World’s presence in this exciting marketplace has enabled us to better meet considerable demand for offshore wealth management and protection services and do so with the care and pragmatism expected of all ILS World locations.

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Switzerland

ILS World opened its doors in Geneva in 2005 and offers a full range of corporate and fiduciary services. With expertise in international holding and trading structures and the ability to manage those structures from within one of the world’s most respected and stable jurisdictions, the business has grown organically and rapidly.

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Uruguay

We draw upon Uruguay’s reputation as a strong economy with a stable fiscal and political environment and robust regulatory practices to offer clients wishing to invest in and manage wealth within South America the perfect regional platform.

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Let's Talk Crypto & The Isle of Man

You would be forgiven for thinking that interest in crypto currencies in the Isle of Man has somewhat waned since last year's Crypto Valley Summit, however, the reality is that within the sector this could not be further from the truth.
Posted by Nick Wright
on Monday 26th September, 2016

You would be forgiven for thinking that interest in crypto currencies in the Isle of Man has somewhat waned since last year's Crypto Valley Summit, however, the reality is that within the sector this could not be further from the truth.

With the Isle of Man Government amendments to the Proceeds of Crime Act 2008 and the introduction of the Designated Businesses (Registration and Oversight) Act, the Island continues to embrace and nurture the sector. The proactive stance of the Isle of Man Government ensures that the future promises to be bright for the Isle of Man in its quest to become the jurisdiction of choice for crypto currency businesses.

A number of key industry players have already chosen the Island as their preferred jurisdiction, with some 25 crypto companies already calling the Isle of Man their home.

Why the Isle of Man?

The Isle of Man has an excellent reputation as a well-regulated international finance centre with long-standing political and economic stability. Tax benefits include no Capital Gains Tax, Inheritance Tax or Stamp Duty and personal taxation is capped at a maximum of £125,000 per annum for high net worth individuals under the 'Tax Cap' scheme.

The Island has a world class infrastructure and generates its own power, even exporting power back to the UK grid. Companies in the Island have access to a wide range of world class banking, accountancy and audit institutions, as well industry leading levels of bandwidth provided by industry leading hosting providers.

Banking remains one of the key obstacles for new companies wishing to enter the crypto currency space. However, via our vast network of global banking partners and utilising our in-depth knowledge of the industry, we can bank businesses in various jurisdictions around the world.

We also design and provide innovative corporate solutions within the Isle of Man, taking advantage of certain unique structuring options, affording our clients auditable solutions that remove any fears of yet another alt currency purely designed by its creators to artificially inflate its perceived value, so they can dump their stocks and walk away, leaving early adopters with a coin which has no real value, commonly known in the industry as a 'pump and dump'.

The registration of intellectual property remains a key component in structuring a crypto currency business. As with patents, the Isle of Man does not have its own registry for trademarks but registration is affected via the Trade Mark Registry, which is part of the UK Patent Office, namely the Trade Marks Act 1994 applies to the Isle of Man. Any delay in obtaining appropriate advice regarding intellectual property could potentially result in difficulties in moving the intellectual property over to a reputable jurisdiction, such as the Isle of Man in the future. The tax efficient exploitation of intellectual property can yield startlingly beneficial results. The key to this success is identifying a piece of intellectual property before it has acquired any significant value. Whether the intellectual property is a patent, a copyright or an image right, the successful sale or assignment of this property to a corporate structure and the subsequent licensing structures used to take advantage of various double tax treaties allows our clients to enjoy the maximum benefit possible from their creative abilities.

ILS World is a global leader in the crypto currency space and has been assisting companies as they formalise their plans for the future, including banking and intellectual property requirements. Our crypto currency services are global, and we can assist you with:

  • Company formation and management
  • Foundation registration
  • Banking solutions
  • Trademark and intellectual property protection
  • Company administration
  • Business incubation
  • Accounting, bookkeeping and VAT
  • Provision of AML and CFT Manuals

For more information about ILS World's Crypto services please contact us.

Nick Wright
Nick Wright
eGaming Manager Isle of Man
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