The fiduciary services industry is a well-established sector on the Isle of Man and comprises of fiduciary, corporate, trust and administration services providers.
The fiduciaries industry significantly grew in the mid-1980s, after a series of events including the establishment of the FSC, the introduction of the Income Tax Act 1984 and the successful acquirement of ‘designated territory status’ under the UK FSA in 1988. The 1980s also saw significant growth in the captive industry and a rise in the Island’s national reserves.
The sector remains a cornerstone of the local economy, accounting for over 2,500 jobs on Island, and including over 70 licensed Corporate and Trust Service Providers who provide a full range of company and trust services.
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