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Isle of Man first choice for Aim companies, report finds

The Isle of Man is the number one country for companies looking to register on Aim outside of the UK, currently with 67 Isle of Man company registrations, according to a report from Hem

The Isle of Man is the number one country for companies looking to register on Aim outside of the UK, currently with 67 Isle of Man company registrations, according to a report from Hemscott.

The island also leads other international business centres in the size of market capitalisation of non UK Aim companies by country of registration (GBP3313.46m).

In the last two years the number of all Aim market companies reduced by 9.4 per cent, however against this backdrop the Isle of Man increased its number of non UK company registrations by 33 per cent. The sector average is five per cent.

Brian Donegan, director at Isle of Man Finance, says: "Market conditions continue to be extremely challenging and in that context this evidence demonstrates the Isle of Man Aim proposition winning through. The island has so far weathered the storm well and will continue to do so because the Isle of Man is the preferred access point to London for companies wishing to raise capital.

"Given the positive nature of the research data and the number of new business enquiries emerging, it’s reasonable to assume that new Aim listings business flow may well be on the way back. The Isle of Man is a ‘can do’ jurisdiction characterised by its first class fiscal and regulatory system and it will continue to service this business efficiently and cost effectively via the network of high calibre service providers on the Isle of Man.’

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