This optional extension to the Client Database assists in the task of maintaining an up-to-date and comprehensive record of the specific information required under Isle of Man company law. It also ensures that reports complying with the official standards of the Isle of Man Government can be issued at the touch of a button.
Installation of the Isle of Man Company extension adds three new wizards and two new reports to the Client Database. It also modifies the style in which the Annual Returns report is printed to correspond with Isle of Man Government standards, and adds three new forms to the main Client form.
A Change Registered Office wizard guides you through all the necessary steps to change the registered address of a particular company or group of companies. A formal declaration of any change can be issued in a report.
An Increase in Nominal Capital wizard guides you through all the necessary steps to maintain up-to-date record of new shares issued on behalf of a client. A formal declaration of any share issues can be produced in report form.
A Form 9N wizard guides you through all the necessary steps to change details of a company officer’s records. Formal notification of any changes, including the resignation of directors, can be issued in report form.
The Non-Resident Declaration report produces the correct formal statement for any company wishing to declare itself not resident in the Isle of Man for the purposes of taxation. This report can also be used to produce a formal statement rescinding any previous such declaration.
A TEC1/TEC4 report produces the Isle of Man Tax Exempt Companies forms, TEC1 and TEC4, for any client.
An Isle of Man Shares form records information about share capital ownership required under Isle of Man company law.
An Isle of Man Details form records company details required under Isle of Man company law. Information relating,for example, to whether a particular client is Isle of Man controlled, whether it has an Isle of Man income or not, and whether it is registered as a Stakeholder under the Time Share Act 1996, can all be stored in the Isle of Man Details form.
An Isle of Man Links form provides a notes box in which a particular company’s relationships with other companies and trusts can be recorded. This information will be included in the TEC1 report.
For information on how to obtain the Isle of Man and British Virgin Islands Company extensions contact Jobstream Technical Support