ASSET REGISTERS

Shipping

The Isle of Man has a thriving ship register operated by the Isle of Man Marine Administration, which is part of the British register.

Isle of Man registered vessels fly the red ensign and have the benefits of British consular support and naval protection.

Low registration fees and the absence of annual tonnage taxes combined with the excellent service provided by the Marine Administration and the wealth of ship managers operating in the Isle of Man make the Island an excellent jurisdiction for shipping.

Aircraft

Following the success of the Island's ship register, the Government has announced that it intends to establish an aircraft register, which has already lead to considerable interest from aircraft manufacturers and financial services connected with the aircraft industry.