ISLE OF MAN
Location:
The Isle Of Man is located in the Irish Sea, between Ireland and Great Britain. Its total
area is 588 square kilometres.
Population:
72,017 (July, 1994 estimate)
Languages:
Government:
The Isle Of Man is a British crown dependency.
Legal System:
The legal system in the Isle Of Man is based on English law and local statutes.
Telecommunications:
The Isle Of Man telecommunication system is more than adequate.
Economy:
Offshore banking, manufacturing and tourism are key sectors of the economy. The
government's policy of offering incentives to high-technology companies and financial
institutions to locate on the island has paid off in expanding employment opportunities
in high-income industries. As a result, agriculture and fishing, once the mainstays of
the economy, have declined in their shares of GNP. Banking now contributes
about 45% to GNP. Trade is mostly with the United Kingdom. The Isle of Man enjoys
free access to European Union markets.
Industries:
The Isle Of Man's main industries are offshore financial services, light manufacturing
and tourism.
Currency:
1 Manx pound (£M) = 100 pence
Exchange Rates:
Manx pounds (£M) per US$1 - 0.6699 (January, 1994)
The Manx pound is at par with the British pound
Related sites:
MANNET Internet Service
Welcome To The Isle Of Man
To the Offshore World home page.
To the Offshore Financial Centres page.