The Isle of Man was an early adopter of Blockchain technology recognising the significance of the sector and embracing innovation. Recent updates by the Isle of Man Financial Services Authority (‘IOM FSA’) provides a structured framework for businesses operating in the Cryptocurrency sector, from ICO to specific guidance on tax treatment of crypto currencies. The IOM FSA regulate these businesses by way of a Designated Business Order (‘DBO’)
Cavendish offer a range of services to clients within the Blockchain, Virtual Currency and ICO sector and provides assistance to clients with the following services:
- Corporate structuring advice including company formation and associated services
- Assistance with the DBO registration applications
- Provision of the requisite Isle of Man resident qualified and experienced directors and officers to fulfil the requirements of the DBO
- Ongoing oversight to ensure compliance with the DBO requirements and obligations
- Application for VAT registration and ongoing VAT compliance, where required
- Bookkeeping and preparation of periodic management and annual financial statements
- Completion of tax returns
- Close working relationship with Regulators, Isle of Man Government, lawyers, tax advisors and auditors
- Introductions to reputable IT hosting suppliers, payment solution providers and bankers
- Audit arrangements, where required
Cavendish Trust has an experienced in-house team of professionals with the necessary skill base and a proven track record to advise on:
- Blockchain advisory services and implementation
- Virtual Currency advisory and strategy
- Pre and Post ICO advisory
- KYC, AML and compliance obligations and requirements
- Regulatory guidance
- Whitepaper / Investor deck & Presentation
- Professional infrastructure with experience in digital technology
Our professional team is dedicated to the delivery of comprehensive, cost effective, high quality management and has strong working relationships with all requisite authorities and professionals to assist you making your business a success!
Please contact our team with your digital enquiries:
James Cunningham-Davis – Email: jcd@cavendishtrust.com
