Why is it time to choose the Isle of Man | Magazine

This article will be included in the fall issue of Think Global People magazine.Click here to access the digital summer edition.

Located in a superb UNESCO Biospherethe island, which occupies a central position in the Irish Sea between the English and Irish coasts, is home to a welcoming community, a vibrant food scene awash with independent businesses, music and cultural venues, outdoor adventures, sporting events and more. .Finding the right opportunity is often easier than you think; the island has a steadily growing economy and a renowned business center and is home to many of the world’s most important organizations. With a wide range of diverse and new sectors represented, including finance, technology, medicinal cannabis and biomedical, with chances to progress or start a career in healthcare, education, hospitality, engineering and manufacturing, retail and more.The Isle of Man is a place where entrepreneurs can find space and support to set up or relocate a business with world-class technical infrastructure and an accessible and supportive local government that offers a range of business support schemes. relocation of individuals and businesses, including relocation incentives and financial assistance. Want to know more ? Locate Isle of Man has selected five reasons why individuals and businesses should consider relocating to the Isle of Man.

Regain work-life balance

Isle of Man residents can go from the boardroom to the beach in less than 15 minutes. In fact, on the Isle of Man you are never more than a short distance from the coast. With an average journey time of 20 minutes and 86% of local employers adopting flexible working practices, islanders would say the work-life balance they enjoy on the Isle of Man is almost unprecedented, with 86% rating their quality of work. life as “excellent”.Daniel, an IT and project risk specialist, who moved to the island from Kenya, has just discovered this:“Back in Kenya, I would commute to work for up to an hour each way. Here on the Isle of Man, I can be at work in 10 minutes! It made a huge difference in my day; it means i have more time to do the things i love and can explore the island more now that the days are longer and the evenings lighter. I am an avid cyclist and there are plenty of opportunities here to cycle and explore country roads, coastal roads and off-road tracks.“My work-life balance has improved dramatically – my working days are much more structured and I’m working much less overtime compared to my previous role.”

Financially rewarding

As a financially stable and politically progressive jurisdiction, Isle of Man seduces both individuals and companies thanks to its financially remunerative system and its low taxation (the island has some lowest tax rates in Europe). Rresidents too enjoy 0% capital gains tax, 0% inheritance tax and 0% stamp duty.Calli and Kyle, who moved from South Africa and work in the island’s financial district, the main motivation for moving to the island was the financial stability it could offer them and their families :“What really appealed to us was how safe the Isle of Man seemed, not just in terms of physical security, but also the strength of the currency and the island’s diverse and well-established economy. The average salary is certainly higher here too, and with lower personal taxes, this allows us to live a very comfortable life.

Discover a new way of life

The Isle of Man is the only entire jurisdiction to be named a UNESCO Biosphere and with 40% of the island inhabited it is littered with rich green spaces including open countryside, plantations, rolling hills and a stunning coastline with miles of beautiful beaches.On the Isle of Man, work-life balance means you’re just minutes away from enjoying that much-needed downtime after a hard day’s work; with a bustling scene of cafes, bars and restaurants, you can choose from a huge range of places to eat. Enjoying quality time is important to residents of the Isle of Man; visit the theater or take part in an incredible range of sporting events or have a paddle boarding adventure, watch whales and dolphins from your sea kayak and join one of the hundreds of clubs; everything from music, dance and painting to martial arts and yoga.Andy, who works in construction, moved to the island in 2021 to be with his partner Louise, and was pleasantly surprised at all there is to do on the Isle of Man:“Everything is on your doorstep – we’ll be off on mini adventures all the time – whether on the motorbikes or for a bite to eat – we love to eat out and there’s such a range of superb fresh food to be enjoyed in the whole island. We love music and theatre, and there’s a fantastic entertainment scene here – we go to a gig, gig or play most weekends, and have made many new friends as a result.

welcoming community

Ranked as one of the best places to live for expats in the British Isles, the people of Manx are proud of their heritage, yet outward looking and progressive. The island nation proudly celebrates its diversity and welcomes relocators from all backgrounds and cultures – its largest non-British populations are South African, Filipino, Polish and Bulgarian.Manxes are open, friendly and often chat with complete strangers. In fact, crime statistics from previous years have revealed that the Isle of Man is one of the safest places to live in the British Isles.For many movers, one of the biggest benefits of moving to the Isle of Man is the welcoming community. Betty, an urban designer, who moved to the island from Sweden in 2020, agrees:“I’ve lived in many countries and the first thing that really stood out to me here was how welcoming the community is and how many opportunities there are to meet new people – yoga classes and from art and design classes to professional business networking – Made lots of new friends and business contacts Manx locals are very open to ‘newcomers’ and I was welcomed with open arms .

Business spirit

Thanks to a mix of government funding and support schemes, a low tax regime and access to secure infrastructure sufficient to house global organisations, the Isle of Man has been and continues to be a hub for entrepreneurship. In the past five years alone, the Isle of Man Government‘s Department of Business has supported 469 small businesses through its Micro Business Grants scheme – designed to give start-ups and small businesses in start-up the financial support, training and business savvy to get their business off the ground.Businessman Nick, enjoyed government support in the early stages of his relocation to the island, helping him to hire and relocate several employees to the island:“I can build the business much, much faster on the Isle of Man thanks to government support and a more favorable economic climate, especially in the tech industry. Thanks to this, I can hire more software developers looking to move to the island from all over the world who are absolutely thrilled to make the Isle of Man their home because it’s so idyllic.Find out more about relocation to Isle oF Man at: www.locate.im or contact a member of the Locate Isle oF Team Man at: [email protected]m

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This article will be included in the fall issue of Think Global People magazine.Click here to access the digital summer edition.

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