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Isle of Man the offshore choice for AIM companies
Posted: 03 July 2009
Despite challenging conditions in the global markets the Isle of Man continues to increase in the number of AIM-registered companies coming to the Island, according to a report from Hemscott.
The research shows the Isle of Man is the number one country for companies looking to register on AIM outside of the UK, currently with 67 IOM Company registrations. In the last two years the number of all AIM market companies reduced by 9.4%, however against this backdrop the Isle of Man increased its number of non UK company registrations by 33%. The sector average is 5%. These latest figures highlight the quality of the Island's strong fiscal, regulatory and legislative infrastructure, which attracts so many major international corporations to the Isle of Man.
Brian Donegan, Director FDI, Isle of Man Finance commented, "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."
Click here for more information on the Isle of Man
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