Isle of Man e-Business Sector
The Isle of Man has a thriving e-Business sector which accounts for around 12% of the economy. The foundation for this success have been the Island’s world-class and highly resilient telecoms and electricity infrastructure and its network of new data hosting centres which incorporate disaster recovery facilities.
The resilient nature of the Isle of Man’s infrastructure is epitomised by the fact that there is no single point of failure. If a fault occurs then the Island’s ‘self-healing ring technology’ kicks in to enable seamless transition to switch to alternative power or data routing.
The e-Business sector has also benefitted from other feature of the Island’s business environment which enables businesses across a wide range of other sectors to be successful. This includes e-Business-friendly legislation, competitive taxation and a nation committed to maintaining the highest standards of international compliance.
The Isle of Man has also been used in recent years as a test-bed for new technologies and was at the forefront of the launch of both 3G and 3.5G services. Manx Telecom was the first European operator to launch a 3G mobile service and the first in the world to launch a 3.5G mobile service.
All these factors have enabled the Isle of Man to become a significant player within e-Business and a significant cluster of firms has established in the Island particularly around e-Gaming and e-payments.
Why choose Isle of Man for e-Business?
- Well-established cluster of e-Businesses
- World-class telecoms and power infrastructure
- Grant assistance available
- Well-regulated jurisdiction
- Competitive tax regime
- Access to professional services firms experienced in e-Business