The Isle Of Man has introduced the Corporate Service Provider Act, giving the island's Financial Supervision Commission full licensing powers
The Isle of Man has one of the largest corporate administration or corporate service provider (CSP) sectors in the world. Almost 40,000 Isle of Man companies are currently registered with the island's Companies Registry, which is a part of the island's Financial Supervision Commission. However, the CSP industry in the Isle of Man does not restrict itself to providing services to Isle of Man companies. Most CSPs have substantial portfolios of companies under administration that are registered elsewhere, including the United Kingdom and other onshore jurisdictions, as well as those offshore. ...
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