🇮🇲 Jährliche Compliance — Isle of Man

Assuming 0% tax applies to all business activities including financial services

Fix: Banking income is taxed at 10%, and land & property income at 10%. Large retailers pay 15% on profits above £500,000 from Isle of Man activities. Confirm your activity classification with a local tax adviser before planning around 0% treatment.

Choosing the Isle of Man for e-gaming without budgeting for GSC licensing costs

Fix: The GSC licence application is rigorous and expensive — expect £35,000–100,000+ for the licensing process, plus ongoing compliance costs, annual fees, and regular audits. Budget comprehensively before committing to an Isle of Man e-gaming structure.

Overlooking the Economic Substance requirements for relevant activities

Fix: Companies conducting relevant activities (holding, IP, distribution, finance, insurance, banking, fund management, headquarters, shipping) must demonstrate adequate economic substance on the Isle of Man. This means having qualified employees, premises, and decision-making on the island. Plan for substance from the outset — it is not optional.