Residence & Citizenship

Isle of Man

The Isle of Man Tier 1 Investor Visa

The Isle of Man Tier 1 Entrepreneur Visa

  • Benefits
  • Financial/Other Obligations
  • Additional Criteria

The Isle of Man Tier 1 Investor Visa

Please see the UK Investor visa programme section in terms of Benefits. In addition:

A successful applicant and his/her family are entitled to receive British Citizenship, if all of the relevant conditions are met. Subsequently an application can be made for a British passport.

The standard rate of personal income tax for Isle of Man residents is 10%, with a higher rate of 20%. Annual personal income tax can be capped at £200,000 for a period of five years for new Isle of Man residents. This annual tax cap is doubled to £400,000 for a married couple where they choose to be jointly assessed.

There is no restriction on purchasing property in the Isle of Man and there is a single housing market.

To find out about living on the Isle of Man, please click here.

The Isle of Man Tier 1 Investor Visa

Under this visa category, an individual from outside the EEA can apply for Entry Clearance (EC) for an initial Isle of Man residence visa, which will be valid for up to 3 years and 4 months, by bringing £2 million to the Isle of Man and investing these funds in permissible investments.

As long as the provisions continue to be satisfied, after an initial 3 year period the individual can apply for Leave to Remain (LTR) (an extension) for a 2 year visa and, following this, can then apply for Indefinite Leave to Remain (ILR). The rules allow for accelerated ILR after 3 years if an individual has invested £5 million and after 2 years if £10 million has been invested.

The Isle of Man Tier 1 Investor Visa

In terms of Indefinite Leave to Remain (ILR), the main applicant and any dependants, must not be absent from the Isle of Man for more than 180 days in any 12-month period.

An individual will usually be eligible for citizenship once they have been resident in the Isle of Man for 5 years, and have had ILR for at least one year. In a standard situation, it will therefore usually take 6 years before an individual is eligible to become a citizen. To meet the citizenship requirements an applicant must not be absent from the Isle of Man for more than 450 days in the 5 year qualifying period, and for not more than 90 days in the final 12 months of that 5 year period.

If an individual is married to or in a civil partnership with a British citizen, then they will usually be eligible to apply for citizenship once they have been resident in the Isle of Man for 3 years, and have ILR. In a standard situation, it will usually take 5 years before an individual is eligible to become a British citizen. To meet the citizenship requirements an applicant must not be absent from the isle of Man for more than 270 days in the 3 year qualifying period, and for not more than 90 days in the final 12 months of that 3 year period.

  • Benefits
  • Financial/Other Obligations
  • Additional Criteria

The Isle of Man Tier 1 Entrepreneur Visa

Please see the UK Investor visa programme section in terms of Benefits. In addition:

A successful applicant and his/her family are entitled to receive British Citizenship, if all of the relevant conditions are met. Subsequently an application can be made for a British passport.

The standard rate of personal income tax for Isle of Man residents is 10%, with a higher rate of 20%. Annual personal income tax can be capped at £200,000 for a period of five years for new Isle of Man residents. This annual tax cap is doubled to £400,000 for a married couple where they choose to be jointly assessed.

There is no restriction on purchasing property in the Isle of Man and there is a single housing market.

To find out about living on the Isle of Man, please click here.

The Isle of Man Tier 1 Entrepreneur Visa

Under this visa category, an individual from outside the EEA can qualify for an Entrepreneur Visa if they invest a minimum of £200,000 in a new, or existing, business in the Isle of Man and create new employment. In certain circumstances the initial investment can be reduced to a minimum of £50,000. The visa allows an individual to enter and reside in the Isle of Man for up to 3 years and 4 months.

After 3 years, an individual can apply for LTR in the Isle of Man for an additional 2 years, as long as the individual remains engaged in the specific business activity detailed by the visa and the business has created at least two full time jobs for settled workers in the Isle of Man.

After 5 years the individual can apply for Indefinite Leave to Remain (ILR) in the Isle of Man. Similar to the Investor visa, the Entrepreneur visa allows for accelerated ILR after 3 years if the business has created 10 full time jobs for settled workers in the Isle of Man, or has an income from business activity of £5 million.

The Isle of Man Tier 1 Entrepreneur Visa

In terms of Indefinite Leave to Remain (ILR), the main applicant and any dependants, must not be absent from the Isle of Man for more than 180 days in any 12-month period.

An individual will usually be eligible for citizenship once they have been resident in the Isle of Man for 5 years, and have had ILR for at least one year. In a standard situation, it will therefore usually take 6 years before an individual is eligible to become a British citizen. To meet the citizenship requirements an applicant must not be absent from the Isle of Man for more than 450 days in the 5 year qualifying period, and for not more than 90 days in the final 12 months of that 5 year period.

If an individual is married to or in a civil partnership with a British citizen, then they will usually be eligible to apply for citizenship once they have been resident in the Isle of Man for 3 years, and have ILR. In a standard situation, it will usually take 5 years before an individual is eligible to become a British citizen. To meet the citizenship requirements an applicant must not be absent from the Isle of Man for more than 270 days in the 3 year qualifying period, and for not more than 90 days in the final 12 months of that 3 year period.

Download Full List of Programmes – Benefits & Criteria (PDF)

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