Isle of Man has become the preferred destination for South Africans looking for an alternative to the UK while enjoying much of the same lifestyle benefits. The same applies for businesses looking to internationalize their operations in a tax neutral jurisdiction while gaining access to lucrative European markets. Representatives from the Isle of Man Government, together with Xpatweb, will unpack the key indicators that set Isle of Man apart from previously more favorable jurisdictions and the attractions that make it a great place to relocate to, and welcoming government policy shown through a favorable tax and immigration regime.
OVERVIEW
Isle of Man has become the preferred destination for South African professionals, high net worth families and retirees looking for an alternative to the UK while enjoying much of the same lifestyle benefits. The same applies for businesses looking to internationalize their operations in a tax neutral jurisdiction while gaining access to lucrative European markets.
Why is this case? Representatives from the Isle of Man Government, together with Xpatweb, will unpack the key indicators that set Isle of Man apart from previously more favorable jurisdictions. This includes showcasing the country’s long-term plan to catapult into Europe’s most elite destination, the attractions that make it a great place to relocate to, and welcoming government policy shown through a favorable tax and immigration regime.
KEY DISCUSSION POINTS
- Government’s support to bring in critically skilled individuals and their 5-year growth plan;
- Current skills shortages and job opportunities;
- Benefits of expansion from a corporate and individual perspective;
- Technical considerations for immigration and classes of permits;
- Planning your South African exit and having a roadmap.
The session will be 60 minutes and highly focussed on core reasons that make Isle of Man a preferred destination. This is an opportunity to hear directly from the Isle of Man Government, as well as leading experts from Xpatweb who deal with cross border considerations for South Africans on a daily basis.
MEET THE SPEAKERS
Jerry Botha – Managing Partner at Tax Consulting SA
Jerry has over 20 years’ experience in the field of taxation, holds his own FSB License, is a Master Reward Practitioner and serves on the Executive Board of the South African Reward Association (“SARA”), Chairs the SARA Employee Benefit Committee, and is a Certified Payroll Practitioner and Tax Practitioner. He is the managing partner of South Africa’s largest independent tax practice, enjoys presenting and is passionate about tax and international individuals. He has also authored the Lexis Nexis “Expatriate Tax” textbook, as critically acclaimed by Judge Dennis Davis.
Nick Preskey – Senior Manager Locate & Inward Investment at Locate Isle of Man
Nick Preskey has over 30 years’ experience in international finance most of which has been spent at a senior management level. In the 6 years prior to taking up his appointment with the Isle of Man Government, he served as the Chief Executive Officer of a regulated trust service provider which also extended to the provision of family office services. His other roles and responsibilities have included Banking (including lending), Private Banking, International Group Treasury Management and Investment Box Manager.
In his role of Senior Manager Locate & Inward Investment, Isle of Man, Nick Preskey will provide valuable information about relocating to the Isle of Man and how this could benefit you, your family and your company.
Thomas Lobban – Legal Manager, Cross-Border Taxation at Tax Consulting SA
Thomas holds an LLB and LLM Tax Law degree and is a SARS registered tax practitioner in South Africa, with both practical tax and consulting experience. He has dealt with various legal conflicts of interest and moved from corporate practice to the consulting industry where he has entrenched himself within tax law, specializing in individual cross-border and crypto asset taxation.
Thomas joined Tax Consulting SA after obtaining his Masters degree, to focus on tax law and the intricacies thereof. He is a co-author of the LexisNexis Expatriate Tax textbook, and in particular its chapter on the interpretation and application of Double Taxation Agreements, which is of particular relevance to South Africans living and working abroad.
Christopher Kinley – Managing Director at Kinley Legal
Christopher Kinley is the Managing Director of Kinley Legal who specialises in all aspects of Isle of Man immigration and British nationality law, including immigration appeals, as well as having a wealth of expertise in private client, corporate and commercial matters. He qualified as an Isle of Man advocate in 2006, and is also qualified as a solicitor in England and Wales, Ireland and Northern Ireland.
Christopher is a native of the Isle of Man, but has worked with South African clients for many years, having worked in the advisory division of Maitland advising many leading South African businesses and their owners on international matters prior to establishing his own practice.
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