The Isle of Man has won the Best International Financial Centre award at the 9th annual International Investment Fund & Product Awards 2008.  The Isle of Man Treasury Minister, Hon. Allan Bell MHK was presented with the Award at a dinner for international finance professionals in London on 13 May 2008.

This just reinforces the generally accepted industry perception that the Isle of Man is not to be beaten when it comes to the best offshore tax havens and financial centres in the world.  It is so well regulated and yet so competitive that time and time again, readers of Degtev seeking a strong and safe haven for their business and financial affairs select the Isle of Man.

Of the 14 industry awards presented during the evening, Isle of Man-based companies were featured as winners in ten categories either outright or as part of an international offering.  In eight awards, a further nine Isle of Man-based companies were highly commended from those short-listed.

This is the 7th time in 8 attempts that the Isle of Man has won the ‘Best International Finance Centre’ category at the annual International Investment awards, adjudicated by an independent panel of life and investment experts.

The judges cited the Isle of Man’s transparent and flexible regulation as a key factor in their awarding the Isle of Man ‘Best International Finance Centre’.

The Isle of Man Treasury Minister, Hon. Allan Bell MHK, said: “this prestigious and highly contested Award clearly recognises the Isle of Man’s position as a world leading international finance centre. The strength of our financial services industry is clear from the number of awards presented to Isle of Man-based life and investment companies – the most achieved by any jurisdiction”.

Director of Isle of Man Finance, John Spellman commented: “these Awards are a clear indication of the service and product innovation that the Isle of Man finance industry continues to offer international advisers and their clients, backed by the assurance of the Island’s premier position as a well regulated, flexible and transparent finance centre. Of course, we were also pleased that the award has returned home after a brief sabbatical in Jersey last year!”

Degtev Comment:

The fact that the Isle of Man is such a frequent winner of this industry awarded accolade should give great confidence to those who are seeking a robust, well-regulated and yet competitive offshore tax haven.  From the feedback we receive from our readers and the financial industry professionals we work with, it’s clear that the Isle of Man is very widely accepted as the number one offshore centre for business and investment.