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.

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

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