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Facts about the Isle of Man

Capital cityDouglas
LocationWestern Europe, an island in the Irish Sea, between Britain and Ireland
Area572 Sq Km / 227 Square Miles
Form of StateSelf Governing UK Crown dependency
Legal systemManx legislation and seperate legal jurisdiction
Head of stateQueen Elizabeth II
Chief MinisterHon Tony Brown, MHK
CurrencySterling (Isle of Man issues its own bank notes)
Population80,058 (2006)
GDP Growth5,2% (2004/2005)
Main trading partnersUnited Kingdom and Europe
Economic SectorsFinance; Manufacturing; Tourist Industry; Construction; Professional and Scientific Services; Public Administration; Agriculture Fisheries and Other services
 
Sovereign RatingAAA
 
European UnionNot a member but enjoys free access to EU markets for goods and services.
 
Corporate tax rate0% for resident trading companies; 10% for banks and insurance companies


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