New LLC Rules Allow Corporate Lloyds Vehicles

Tax-news.com

29 June 1999

The Tynwald today approved changes to the Isle of Man LLC legislation (so-called 'Wyoming' companies) which make it possible for corporate Lloyds members to use the island as a base. The key change is to remove the 30-year limit previously set on the life of LLC companies. The new rules are expected to lead to a substantial increase in Lloyds business through the island.

.

 

 






Write a comment