Legal & Tax, Corporate Advisory Formation of companies Accounting, TAX & Administration Crisis management Investment Acquisitions

ZENRON Capital Inc. Professional offshore incorporations and offshore banking services since 1991

Company Incorporation Isle of Man

Prestigious Jurisdiction, specially suitable for those who need VAT registration to trade with EU. Bank accounts in IOM available, and Bank Account NOMINEE SIGNATORY service, for full privacy protection. The Isle of Man is in the "common purse" with the UK for Customs and Excise. The standard rate of VAT is therefore in line with the UK at 17.5%. The rate of income tax applicable to Isle of Man companies not engaged in banking or local real estate business is 0%. The Isle of Man is an established international business and finance centre, with a secure base built on political stability, low taxation and a firmly established fiscal and regulatory environment independent of the UK. The Isle of Man is an internally self-governing dependent territory of the British Crown. It is not and has never been part of the United Kingdom but is within the British Isles. It is technically a Crown Dependency and is independent in all matters except foreign affairs and defence, both of which are the responsibility of the United Kingdom Government and for which the Isle of Man pays an annual contribution.

Types of Company
Incorporated under the Companies Acts 1931- 2004 Companies may be: Limited by shares Limited by guarantee Limited by guarantee and having a share capital Having a share capital with unlimited liability.

All companies are designated as either private or public companies. Private companies are not permitted to offer their shares or securities to the general public and are not required to file annual audited accounts at the Companies Registry. Established under the Limited Liability Company (LLC) Act 1996 The Isle of Man adopted the Wyoming legislation as its model and enacted the Limited Liability Companies Act 1996. A LLC is a hybrid structure composing attributes of both a company and a partnership. Further specific information is available on request.
Z E N R O N C o n s u l t i n g C Z s . r . o . Ji n d i s k 9 0 1 / 5 , 1 1 0 0 0 P r a h a 1 , C z e c h R e p u b l i c tel : +420 224 261 160 - i nfo: +420 733 300 203 - em ail : info@zenron.cz www .zenron.cz member of ZENRON Capital Inc.

 Legal & Tax, Corporate Advisory Formation of companies Accounting, TAX & Administration Crisis management Investment Acquisitions
Company Tax
Previously the Isle of Man operated a company income tax system that permitted non-resident tax status, tax exemption and international tax status. To comply with commitments made to the EU and the OECD the Isle of Man adopted a strategy to change its corporate tax system and to remove these, so called harmful tax practices. From the 6 April 2006, the general rate of corporate income tax in the Isle of Man is 0%. A 10% tax rate still applies in very limited circumstances, for companies engaged in banking business and IOM property transactions. An annual corporate charge of 250 is payable by every company. Distributions made to non-residents of the Isle of Man from companies taxed at 0% are subject to withholding tax at the rate of 0%.

VAT Registration and EU Trading

Although the Isle of Man is not a member of the EU, it has the distinct advantage of being part of the customs territory of the EU under Protocol 3. A company can register for VAT in the Isle of Man if it maintains a place of business in the Isle of Man. It is therefore possible for Isle of Man and foreign companies to make advantage of the Isle of Man 0% corporate tax rate whilst obtaining the benefits of VAT registration for trade in the EU. ISLE OF MAN INCORPORATION by ZENRON We check the availability of your preferred corporate name and reserve it for you. We prepare and file all necessary documentation for the formation of your new corporation. We promptly forward the original company documents to you.

Basic ESTABLISHMENT FEES

(one time only fees)

GBP 2920

Incorporation Fee (includes expenses, filing fees and duty for standard authorised capital) Corporate Structuring and Due Diligence (preparation of company documentation kit and the provision of a company seal) Processing Application to open Isle of Man Corporate Bank Account
Government Fees (was 430 now is 250)

600 900 250 470 5.140

Annual return Filing Fee

TOTAL FIRST YEAR:

Z E N R O N C o n s u l t i n g C Z s . r . o . Ji n d i s k 9 0 1 / 5 , 1 1 0 0 0 P r a h a 1 , C z e c h R e p u b l i c tel : +420 224 261 160 - i nfo: +420 733 300 203 - em ail : info@zenron.cz www .zenron.cz member of ZENRON Capital Inc.

 Legal & Tax, Corporate Advisory Formation of companies Accounting, TAX & Administration Crisis management Investment Acquisitions
ANNUAL RECURRING FEES Corporate Domicile (provision of registered office and if applicable registered agent, maintenance of statutory records, compliance, filing of Annual Return and any tax/license declaration) Government Fees (was 430 now is 250) Annual return Filing Fee

1400 250 470

OTHER SERVICES Professional Directors, Authorized Bank Nominee Signatories, (Company Secretary and Nominee Shareholders) VAT registration VAT administration (book-keeping, banking) Provision for Preparation of Statutory Financial Accounts 1900 950 600 / quarter 590

Trust and Private Foundations Preparation of Trust/Foundation Deeds and Transfer of Assets Annual Trustee Fees

from 1750 from 1990

Notes: This Quotation excludes any VAT tax that may be applicable (17.5%)
Note: all professional nominee directors in the Isle of Man must be checked by the Government Financial Supervision Commission before they are permitted to appointment to a client company. The Government checks the police record, professional qualifications, knowledge of company law, work experience and financial standing. To comply with local law, as in all jurisdictions, an Isle of Man licensed agent must act for the company, and a local director must be appointed. This is in compliance with the Corporate Service Providers Act 2000.

Z E N R O N C o n s u l t i n g C Z s . r . o . Ji n d i s k 9 0 1 / 5 , 1 1 0 0 0 P r a h a 1 , C z e c h R e p u b l i c tel : +420 224 261 160 - i nfo: +420 733 300 203 - em ail : info@zenron.cz www .zenron.cz member of ZENRON Capital Inc.

 Legal & Tax, Corporate Advisory Formation of companies Accounting, TAX & Administration Crisis management Investment Acquisitions

The list of the documents a client receives with the Isle of Man offshore company corporate package:

1. Memorandum and Articles of Association. 2. Certificate of Incorporation. 3. Subscribers' Resolutions to appoint the first director/s.

The following information will be required for the Isle of Man offshore company formation:

1. Three alternative company names. 2. Full name and address of the director(s), certified passport copy and proof of address. 3. Full name and address of the shareholder(s), certified passport copy and proof of address. 4. Full name, address, and phone number to ship the corporate documents by a courier (DHL and FedEx).

Nominee services
If you do not wish to disclose your personal details for the offshore company formation we can register a company employing our nominee director. This option will enable you to manage the offshore company confidentially. All powers will be transferred to the real manager/owner by a notarized general Power of Attorney (POA).

Nominee services fees:

Nominee director services Nominee shareholder services Notarized Declaration of Trust GBP 1600 annually GBP 900 annually GBP 520

Due diligence
We are required by law to keep the due diligence information on our internal file on the company directors and shareholders. This information will be kept safely and strictly secure in our offices and it will not be for public view. Due Diligence documentation. We will require a certified copy of passport (or other similar ID), an original proof of address and a bank or professional reference for each person indicated on the company order form. A proof of address is any recent document where the name and residential address of the person is indicated. A recent utility bill, landline telephone bill, credit card or bank statement or other similar document is suitable as a proof of address. Please advise if you wish to proceed with the Isle of Man offshore company formation. We will send you an invoice with wire transfer instructions. Offshore company formation takes about 5 business days after the fees are received.

Z E N R O N C o n s u l t i n g C Z s . r . o . Ji n d i s k 9 0 1 / 5 , 1 1 0 0 0 P r a h a 1 , C z e c h R e p u b l i c tel : +420 224 261 160 - i nfo: +420 733 300 203 - em ail : info@zenron.cz www .zenron.cz member of ZENRON Capital Inc.

 Legal & Tax, Corporate Advisory Formation of companies Accounting, TAX & Administration Crisis management Investment Acquisitions

We can offer a variety of additional services related to the offshore company formation in the Isle of Man. Listed briefly they are as follows:

assistance with opening an offshore company bank account (funds can be controlled remotely via Internet. Credit cards are available); provision of mail forwarding address in Europe, USA. Mail is collected and forwarded (such an address may be necessary to receive sensitive business and private mail, e.g. bank correspondence, etc.)

Offshore hosting - provision of space on a web server located in Malaysia. We can also offer secure and anonymous communication in the Internet: sending email

messages, browsing the Internet, electronic banking. All these activities can be conducted in complete privacy using advanced technology.

Please ask for more details if you are interested in to establish an offshore company in the Isle of Man sending

EMAIL: invest@zenron.cz Or by FAX: +420 224 267 003 The payment is in GBP through our HSBC account London - UK Or in EUR through our FIO bank account Prague - CZ Or can be in Cash in our Prague office - CZ Payment: 80% in advance | 20% before submitting the final documents to Company registry

Actualization 8th January 2013 | Offshore service & Offshore banking

Z E N R O N C o n s u l t i n g C Z s . r . o . Ji n d i s k 9 0 1 / 5 , 1 1 0 0 0 P r a h a 1 , C z e c h R e p u b l i c tel : +420 224 261 160 - i nfo: +420 733 300 203 - em ail : info@zenron.cz www .zenron.cz member of ZENRON Capital Inc.