Guarantee and Hybrid Companies in the Isle of Man

Author: Charles A Cain
Publisher: LexisNexis U.K.
ISBN: 9780853088653
Published In: January 2004
Format: Hardback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

Out of stock

Description
Contents
Author

Details

Analysis of these companies and their increasing use internationally in place of trusts

Companies limited by guarantee and companies limited by guarantee and having shares have been around since the earliest British companies in the mid-nineteenth century. Traditionally, such companies have dominated the 'not for profit' sector. However, in the last thirty years, the considerable flexibility and versatility of these companies have led to their increasing use internationally in place of trusts. As such, they compete strongly and effectively with the civil law foundation.

This book is an analysis of these forms of company in the Isle of Man, where much of the development work has been done. It explores the usage of such entities for a wide variety of purposes. Other jurisdictions are also examined for comparative purposes, including the Cayman Islands, Gibraltar, the Bahamas, the British Virgin Islands, Bermuda, Alderney, and Guernsey.

An invaluable reference for UK and international tax planning specialists, offshore professionals, accountants and company lawyers.

Incorporation and winding up: documentation and procedures
Objects
Corporate Governance - members
Corporate Governance - directors and officers
Members
Location, domicile and residence
Funding and distributions
Usage as a charity, or charitable foundation
Usage as a social club or nonprofit making institution
Usage for private family holding purposes
The company as a trustee
US tax treatment
Isle of Man tax treatment 2003/4
Asset protection
Tax planning with mutual companies
Guarantee companies in other jurisdictions
Companies (memorandum and articles of association) regulations 1988

Appendices

Tables a, b, c, d and e
Specimen memorandum and articles of association
New Zealand companies act 1993, sections 16-19

Charles A Cain MA, FCIB, TEP, Chairman of Skyefid Limited, Isle of Man; Editor of Offshore Investment magazine; Visiting Professor at the Isle of Man International Business School; Adjunct Professor at St Thomas University Law School, Miami, Florida