Friday 29th August 2008
IOM

About




Capital City:                     Douglas
Location:                         Western Europe, an island in the Irish Sea, between Britain and Ireland
Area:                               572 Sq Miles
Form of state:                 Self Governing UK Crown dependency
Legal system:                 English common law and Manx statute
Head of State:                 Queen Elizabeth II
Chief Minister:                 Hon Tony Brown, MHK
Currency:                        Manx Pound (same as British Pound)
Population:                       80,058 (2006)
GDP Growth:                   5.9% (2005/06)
Main trading partners:     United Kingdom and Europe
Economic sectors:          Finance, Manufacturing, Tourist Industry, Construction,
                                        Professional & Scientific services, Public Administration,
                                       Agriculture and Fisheries, and Other Services
Sovereign rating:            AAA
European Union:             Not a member but enjoys free access to EU markets for goods
Corporate tax rate:         0% for resident trading companies,
                                       10% for banks and insurance companies