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Service
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Cost*
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First year of maintenance
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Incorporation of an LTD company under the Companies Act 2006 (including first year of maintenance, nominee service, including a local director and corporate shareholder, preparation and provision of the original founding documents of the company and documents made for issue of shares, and company seal)
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EUR 10 690
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Company’s administration is paid for separately based on actual time spent, quarterly:
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- directors’ rate
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GBP 265 - 340 per hour
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- other specialists’ rate
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GBP 145 - 275 per hour
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- GSL Law&Consulting’s rate
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USD 300 per hour
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Further maintenance (starting from second year)**
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Further annual maintenance starting from second year (including a registered address, nominee service, including a local director and corporate shareholder, FATCA Sponsorship Fee and government fees)
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9 270 EUR
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Preparation and submission of corporate AR
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EUR 1 210
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Preparation of accounts of a company that started its business***
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USD 100-400 per hour
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Compliance fee
Paid in case of: - company’s incorporation; - company’s renewal; - company’s liquidation; - transfer to another agent; - issue of a power of attorney for a new attorney; - change of director / authorized person / shareholder / beneficiary, except for a change to a nominee director / shareholder; - signing of documents. |
275 (standard fee – includes check of 1 individual)
+ 165 for each additional individual (director, shareholder or beneficiary) or legal entity (director or shareholder) if legal entity is served by GSL + 220 for each additional legal entity (director or shareholder) if legal entity is not served by GSL 380 (check for High Risk companies, including check of 1 individual) 110 (signing of documents) |
*The cost of services is effective as of September 2025.
**The preparation and filing of accounts are not included.
***Companies must prepare financial accounts and keep them at their registered office in the Isle of Man.
Company incorporation takes approximately 1 month (provided that the client provides documents and information timely).
In order to incorporate a company the following information and documents have to be provided:
After the information has been provided, we fill in the company incorporation forms and personal questionnaires, send them to the clients for signing after which send them to the agents along with the reference letters, certified copies of passports and proofs of residential address.
The agent reserves the right to request additional documents after examining the ones listed above.
In October 2015 in the Isle of Man The Designated Businesses (Registration and Oversight) Act 2015 (hereinafter referred to as the DBA) was passed. According to this act a company incorporated in the Isle of Man and planning to start digital and crypto currency business must register with the Isle of Man Financial Services Authority (FSA).
The following must register for this purpose:
According to the DBA the FSA has the right to inspect activity of persons who are registered for compliance with the local anti-money laundering and counter terrorism financing legislation* (hereinafter referred to as the AML Legislation). For these purposes a registered person must file a special annual report on the Know Your Client and Anti-Money Laundering procedures that took place and must report any suspicious transactions that can be classified as such in accordance with the AML Legislation. Moreover, the FSA has the right to conduct examinations at the location of a registered person and request certain documents and explanations concerning the activity of a registered person.
*Such legislation includes the following:
The registration is done by submitting an electronic application at the FSA’s website. The following information and documents shall be submitted with the application:
Additional requirements for DB are:
The company also must pay the application fee and, if the decision is positive, license fee. These fees depend on the number of the company’s employees:
Furthermore, the company must appoint its money laundering reporting officer responsible for compliance with the requirements of the AML Legislation. There are no requirements in the DBA as to their nationality or country of residence.
Assistance in the registration of a Designated Business is paid for on an hourly basis (USD 300 per hour); the client is billed for EUR 5 000 as a deposit; if after application further difficult issues have to be resolved, the FSA will additionally bill the client, of which we will give prior notice.
Additional services paid for separately (if necessary):
Registering a Designated Business can take up to 4-6 months (this period begins after the company has been incorporated, its corporate documents have been prepared and Designated Business application forms have been signed) during which the FSA may ask additional questions and request additional documents.
After the commencement of the company’s activity the FSA has the right to annually check compliance with the requirements of the legislation which will require one-time rent of small premises to hold a meeting with a representative of the FSA.
A company of the Isle of Man has the right to commence its cryptocurrency business only after it gets registered as a Designated Business. Any breach will result in liability in the form of a fine of up to EUR 5 000 and/or imprisonment of up to 12 months.