Corporate Compass: Issue 4 (July 2024)

Isle of Man's Economic Growth 'Stronger than Most in Europe'

Great news for the Isle of Man - the latest Moody's Ratings economic report for the Isle of Man revealed that the Island's growth is outperforming much of Europe.

With projections of growth rising from 1.5% in 2023 to 3% by 2025, Moody's has reaffirmed the Isle of Man's robust financial standing, citing high wealth levels, strong institutions, and prudent fiscal policies. Read more.

Unlock the Benefits of Using an SPV for Property Ownership

Navigating the complexities of property ownership can be challenging, especially when it comes to finding the optimal structure for your investments.

One effective solution that's gaining traction among real estate investors is the Special Purpose Vehicle (SPV). But why are SPVs such a popular choice?

In our latest article, we explore the numerous advantages of using an SPV to own and hold property, including: Tax Efficiency, Asset Protection, Flexibility in Ownership and Financing, Streamlined Administration, Enhanced Privacy, Succession Planning , and Regulatory Compliance. Read more.

An Owner's Guide to Aircraft Registration

Aircraft registration is a vital component of aircraft ownership, which ensures an aircraft is correctly documented and identifiable. Much like vehicle registration, it gives each aircraft a unique identity, aiding in legal ownership, aviation law enforcement, and enhancing safety and security by providing traceability.

Our latest eBook offers a comprehensive guide for aircraft owners on the registration process, legal frameworks, required documentation and benefits of registering in jurisdictions like the Isle of Man and Malta. Inside, you will discover:

• The importance of having a unique registration number.
• Legal frameworks and the role of international conventions.
• The registration process, documentation requirements and associated costs.
• The key differences in registering new vs. pre-owned aircraft.
• National and international registration marks.
• The processes for transferring ownership and cancelling registrations.
• The registration of experimental, light-sport, military, and government aircraft.
• Leasing, financing, and compliance requirements.
• The benefits and processes for registering aircraft in renowned jurisdictions like the Isle of Man, Malta and Bermuda.

A must-read for aircraft owners, operators, and aviation enthusiasts, our guide is designed to demystify the registration process, offering practical insights and actionable steps.

?? Download your copy of A Guide to Aircraft Registration.

Client Onboarding 101: Understanding and Navigating the Onboarding Process

At the start of any new relationship, first impressions are everything. In our industry, like many others, the client onboarding process marks the beginning of a relationship and is the foundation upon which any future partnership is built. It is therefore important that clients understands this process, its purpose and the important role it plays in protecting both them as well as us. In our latest article, we break down the essentials of our client onboarding process to help you navigate the respective stages. From the point of initial contact to becoming a valued client, we explain the reasons behind each step, so that you feel informed and confident throughout the process. Read more.

The Strategic Advantages of Isle of Man Foundations

Isle of Man Foundations offer a unique combination of flexibility, security, and efficiency, making them an excellent choice for asset management and estate planning. Some of the reasons professionals and families are choosing the Isle of Man for their foundation needs, include: a robust legal framework, a versatile structure, tax efficiency, global recognition.

Isle of Man Foundations can be used for various reasons, including: estate planning, charitable endeavours, and asset protection. Start securing your legacy today...Read more.