No income of the company, other than bank interest, arises within the Isle of Man.
Beneficial ownership is outside the Isle of Man.
The company does not engage in any excluded trade or business. In general terms this includes public companies, banks, companies licensed under Section 3 of the Banking Act 1975 and insurance companies. The company has at least one Manx resident director. The company has appointed a qualified Manx resident company secretary. An application for exemption is submitted to the Isle of Man government with the required fee.