Space Sector
The Isle of Man Government is presently actively filing with the International Telecommunications Union (ITU) in Geneva, via Ofcom in the United Kingdom, for select orbital positions and associated radio frequencies.
ManSat is assisting the Isle of Man Government in the preparation of its applications to the ITU and has been tasked by the Isle of Man Government to facilitate the interests of Isle of Man registered and incorporated companies in this endeavor.
As a Financial Center and a Jurisdiction, the Isle of Man offers many financial and regulatory advantages, some generic to any companies working from the Island and some specific advantages for space and satellite communications companies, for example the world's first Zero Tax Rate (0%) for companies working in the space sector.
The advantages of doing space business on the Isle of Man include:-
- a pro-space government;
- an established professional infrastructure (which includes many of the world’s leading companies in finance and insurance);
- an established base of space, aerospace and high tech industries;
- zero tax on space and satellite business.
- access to orbital slots; and
- financial incentives and grant aid for businesses which create new jobs on the Island.
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