Accounting - Finance
The Isle of Man has also enacted legislation for businesses dealing with cryptocurrencies. The Designated Business (Registration and Oversight) Act 2015 regulates cryptocurrency businesses, such as exchanges, and requires them to register with the Isle of Man Financial Supervision Commission and comply with Anti-Money Laundering and Countering Terrorist Financing legislation and the Proceeds of Crime Act 2008.there are customs planning opportunities using the Isle of Man. Goods bought by an Isle of Man company and sold to the UK need only pay input duty on the price paid by the Isle of Man company and not the price paid by the UK importer. The advantage of doing this through the Isle of Man is that the profits can be tax free. For more information you can visit our website : https://www.eurofinanzza.com/isle-of-man-company-formation.
Also here contact details : Email id- london@eurofinanzza.com
call us : +44 203 769 1690