AIM-Listed Firms Prefer IoM

by Jason Gorringe, Tax-News.com, London

05 January 2012

Research commissioned by the Isle of Man government shows that the Isle of Man continues to dominate the market as a domicile of choice for companies listed on London's Alternative Investment Market (AIM).

According to the research from Hemscott, more companies that feature in the top 100 on the AIM Exchange call Isle of Man home than any other competing territory. The report shows that the Isle of Man's market share has increased to 18.6%, up from 16.3% in 2011. Bermuda and the British Virgin Islands hold second and third place respectively, the report says.

In terms of total non-UK AIM companies, the Isle of Man has retained its market share over the last two years, leading overall with 50 companies, despite challenging market conditions.

The current market capital of non-UK AIM 100 companies registered in the Isle of Man stands at GBP1.14bn (USD2.2bn).

Commenting on the report, the island's Minister for the Department of Economic Development, John Shimmin, stated:

"This research shows the Isle of Man performing very well in the AIM market despite difficult market conditions and serves to illustrate that the island is the preferred gateway to London for international corporate capital raising requirements. This is another example of how the Isle of Man is a significant contributor to the City of London and why the Crown Dependencies are important to the UK economy as a whole.”

"These findings are a great vote of confidence for the Isle of Man and represent an excellent return on the good work that the private sector and the government have invested into promoting our attractive proposition."

Mike Hennessy, Chief Executive Officer, IOM Chamber of Commerce, commented:

"It is encouraging to see that the Isle of Man has retained first place in relation to the largest number of non-UK AIM top 100 companies. In addition, to have increased this market share from last year is very positive news. There is every confidence that this success will be repeated in 2012 given the expertise base that we have and the environment that we provide."

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