Exploring the Isle of Man as a Unique Business Destination
Quality of life, a favourable business climate, supportive government initiatives and healthy work-life balance are just some of the benefits of living, working, and rooting a business in the Isle of Man.
Start, grow, locate in a unique business destination
Quality of life, a favourable business climate, supportive government initiatives and healthy work-life balance are just some of the benefits of living, working, and rooting a business in the Isle of Man.
But what else makes the Isle of Man a unique business destination?
Excellent networking opportunities
From grassroots start-ups to business heavyweights, seasoned professionals and skilled workers to students, investors and investees and everyone else falling somewhere in-between, the Isle of Man has a wealth of networking opportunities for the business minded. From professional networking groups, thinktanks, co-working spaces and business networks, these platforms are the perfect place for collaboration, learning and development, creating business connections and the sharing of new ideas. Below is a list of just some of networking opportunities available in the Isle of Man:
- Isle of Man Business Network
- Startup Grind
- LoveTech Isle of Man
- Chamber of Commerce
- University College Isle of Man
- Biosphere Isle of Man
- Institute of Directors
- Isle of Man British and Irish Trading Alliance
- A wide number of co-working spaces
Access to business support
Through a mixture of Government funding and support schemes, a low taxation regime (some business sectors benefit from 0% corporation tax), access to a secure infrastructure sufficient to house established international companies and a Government that is keen to create as few barriers and blockers as possible, the Isle of Man has been and continues to be a hub for entrepreneurialism.
sufficient to house global organisations, the Isle of Man has been, and continues to be a hub for entrepreneurialism. In the last five years alone, the Isle of Man Government’s Department for Enterprise has supported 469 small businesses through its Micro Business Grant Scheme - designed to give start-ups and early stage small businesses the necessary financial support, training and business acumen to get their business off the ground.
Another great example of local Government support, is the Department for Enterprise’s Business Migrant Route; an effective immigration route available to individuals from outside the Common Travel Area, that are looking to set up a business in the Isle of Man. This progressive immigration route is available to any type of business, operating in any type of sector or industry.
An Island where entrepreneurialism is encouraged and celebrated
In recent years, the Department for Enterprise has shone a spotlight on the wealth of opportunity available to individuals looking to start, grow or locate a business in the Isle of Man. From 2016-2018 it ran one of the most prominent business conferences and start-up festivals in the British Isles. ‘ISLEXPO’ was curated for the business-minded at every level and across all sectors, and included inspirational speakers, informative workshops, fireside-chats, expert panel discussions, networking events and think tanks that focused on what makes the Isle of Man a unique business destination. The hugely successful event brought together many on and off-Island entrepreneurs, business owners and professionals - all under one roof.
Access to talent
The Island is home to a range of educational facilities underpinned by a Government and local private sector that widely champions learning and development from a young age, as evidenced across many local apprenticeship and internship programmes. In the last several years, the Department for Enterprise has hosted an annual Graduate Fair, showcasing the breadth and diversity of the Island’s economy and local career opportunities to on and off-Island graduates.
Despite being outside of the UK, the Isle of Man offers both a progressive and straightforward work permit and immigration system that allows for a greater freedom of movement – and skills to the Island.
Download Our Employers Guide To: Inward Migration HERE
Given the Island’s diverse economy the range of skills and talent on the Isle of Man is ample, making it the perfect place to secure talent to help grow any burgeoning business.
Want to know what else makes the Isle of Man a great place to start, grow or relocate a business? Read Locate’s Top 5 Reasons to Start a Business in the Isle of Man article.
If you are ready to start your business in the Isle of Man, contact a member of the Locate Isle of Man team today.