Our proactive attitude: Encouraging Economic Development

On Tuesday 21st February, Isle of Man Treasury Minister Alfred Cannan revealed his economic plan for the Island for the next five years, which he said was about “optimism and confidence” in the economy and “supporting industry and jobs with grants and the Economic Development Fund.”

Along with delivering sustainable finances for Government and supporting working families on the Isle of Man, the 2017/18 Budget aims to develop businesses and the economy. It is a budget that recognises the need to nurture an environment that is attractive for businesses to set-up and invest in local development.

It came as no surprise; in fact, the Island has an excellent track record in supporting the entrepreneurial spirit and is committed to helping individuals and businesses become successful. Ranging from financial services to the yachting industry, aircraft management to e-gaming and e-business, these sectors are internationally recognised as synonyms of excellence. At the heart of the Island’s proposition there is a promise that this is a land of possibility where people and businesses can find the right environment to reach their full potential.

Just like the Island, so too Abacus strives to support investors, entrepreneurs and businesses by anticipating their needs and working with them to find solutions. Whether an investment portfolio, trading company, real property, a luxury yacht or business jet, Abacus can establish an effective trust, company or fund structure tailored to the client’s needs and offer associated administration services and back office support at the required level.

Both the Isle of Man and Abacus are deeply committed to finding new ways in which to assist potential investors through the development and provision of new solutions. Unsurprisingly then, both individuals and companies are recognising the wealth of opportunity that they can experience doing business here.

After all, relocating or starting a new business in the Island is easy, and there are a lot of good reasons to choose the Isle of Man; a caring community, a friendly tax regime, good travel connections, robust Internet connectivity as well as a supportive business-minded Government. All of this means you will enjoy an unsurpassed quality of life both personally and professionally. You can spend less time worrying and more time taking care of what really matters to you.

Now it’s time to act proactively. Being proactive means taking responsibility for your life, time and actions rather than just watching how things happen. Being proactive means considering new opportunities, seeking new solutions and looking for a dynamic professional environment. To be proactive you need to be clear about your goals in life, and carry out actions to help you achieve these goals.

This is Abacus’s 41st year of excellence in providing fiduciary and professional administration services and the Island’s 34th year of unbroken growth. On one side, the Isle of Man’s economy has experienced 5 per cent of growth during last year, with reserves of £1.6 billion. On the other side, Abacus embraces positivity of many years’ experience and keeps delivering value through effective tailored solutions and excellent client services to an international client base.

We are taking a proactive approach. How about you?


Written by Marta Bellamoli, Marketing Co-ordinator