Our Services
Acclaim provides a full suite of corporate services from our Isle of Man location.
We have the experience and multi-jurisdictional expertise to establish structures for a wide range of international corporate and private clients.
We focus on establishing bespoke solutions which can be tailored to your individual needs.
Our team has extensive experience in all administration areas enabling Acclaim to provide a fully integrated service and a positive client experience.
Companies
Companies can be incorporated under two Isle of Man Companies Acts, 1931 Companies Act (akin to UK companies) or 2006 Companies Act (based on the International Business Company Model used in other international centres).
Types of companies that can be incorporated under these Acts include:
- Limited companies
- LLCs
- Unlimited companies
- Companies limited by guarantee
- Hybrid companies
- Protected cell companies
Administration of 2006 Act companies is undertaken by licensed corporate service providers. Compared to 1931 Act companies the 2006 Act company has fewer filing and administrative requirements making the 2006 Act company an attractive and flexible solution.
Key advantages of 2006 Act companies:
- Privacy
- Single director
- Flexible accounting requirements
- No statutory audit requirement
- Shares can be issued with or without a par value
- Reduced capital maintenance requirements
- Flexible share structuring
Our selection of corporate services include:
- Isle of Man Company incorporation
- Company secretarial services
- Directorship services
- Registered office
- Registered agent
- Statutory maintenance
- Banking arrangements and cash management
- Accounting and bookkeeping
- Tax and VAT services
- Corporate governance/compliance
- Company dissolution/liquidation
- Company re-domiciliation
Trusts
Trusts are often used by those wishing to protect and maximise their assets, simplify the management of their assets and overall estate, protect the beneficiaries’ interests, and manage their tax affairs efficiently. A Trust is a well-established equitable arrangement providing confidentiality.
Typical uses for Trusts include:
- Estate planning
- Tax management
- Preserving family wealth
- Avoiding expense and disruption on death
- Avoiding forced heirship
- Asset protection
- Continuing the family business
- Employee benefits
We have successfully cultivated a reputation for providing professional Trust services to our clients and their global advisers. Our strong mutual trust and loyalty values have been fundamental in developing and maintaining long-term relationships with clients. With a wealth of in-depth industry expertise, our agility, accessibility, and responsiveness have ensured we consistently deliver bespoke solutions to our clients, time and time again.
Our selection of Trust services include:
- Establishing trusts
- Provision of professional trustees
- Trust administration
- Accounting and bookkeeping
- Banking arrangements and cash management
Foundations
A Foundation is a separate legal entity in its own right, without members or shareholders, and is usually established to reflect the Founder’s wishes, who may be an individual or a corporate entity. Foundations are often regarded as a cross between a company and a Trust as they have characteristics of both.
There are many reasons for setting up a Foundation, such as wealth protection, inheritance tax planning, or avoidance of forced heirship rules. A Foundation can be the equivalent of a Family Trust, used to benefit successive generations of family members; or as a charitable Foundation operating similarly to a charitable Trust. Foundations have the benefit of being recognised in both common law and civil law jurisdictions.
Our Foundation services include:
- Establishing foundation
- Provision of council members
- Provision of enforcer, if required
- Registered office
- Administration services
- Statutory maintenance
- Banking arrangements and cash management
- Accounting
- Tax and VAT Services
Accounting & Bookkeeping
Our dedicated team provide a full bookkeeping, accountancy, and financial reporting service that can be tailored to suit a business’ corporate reporting needs.
Streamlining all accounting systems and reporting tools creates accurate, timely, and practical data to assist with the effective management of business.
Acclaim offers the flexibility of bespoke reporting information to meet the ever-changing demands of modern business.
Our selection of accounting and reporting services includes:
- Preparation of accounts
- Tax compliance (including Substance requirements)
- VAT compliance
- Performing daily accounting and finance-related work
- Bookkeeping in compliance with local regulations
- Management reporting on a monthly/quarterly basis
- UK and IOM payroll services
- Pension set up and maintenance
- Audit liaison and support
Payments & Collections
Acclaim has a wealth of experience in managing our clients’ day-to-day operations ranging from processing payments to suppliers and monitoring collections to developing solutions fitting our clients’ business models.
Our range of services includes:
- Faster payments
- SEPA payments
- Standard BACS or CHAPS payments
- Scheduled payments or ad hoc payments
- Beneficiary bank details verification for any errors/ fraud preventions
- Payroll payments on a monthly basis
- Setting up of standing orders or direct debits
eGaming
The global eGaming market has grown enormously over recent years.
The Isle of Man is recognised as one of the most dynamic and reputable jurisdictions in the eGaming industry and is listed on the UK’s eGaming ‘whitelist’. The Island is a Tier 1 jurisdiction with regard to professional advisers and service providers, with many excellent legal, accountancy, and fiduciary firms available.
The Island’s communications infrastructure is also considered to be world-class with leading-edge fixed and mobile telecoms networks, numerous disaster recovery and hosting facilities, and highly resilient high bandwidth connectivity.
Acclaim can offer a one-stop shop for all your eGaming needs.
Services that we can offer to an eGaming operation seeking to establish on the Island include:
- Support and advice in relation to securing regulatory approval and relevant licenses
- Introduction to relevant technology partners, lawyers, tax advisors, accountants, and banks
- Introduction to relevant Government departments, including DTI, eGaming Commission, and eCommerce teams
- Advice and support regarding relocation, premises, and staffing
- Provision of operations manager (if required)
These are in addition to our standard corporate services, which include:
- Company incorporation
- Provision of registered office and registered agents
- Provision of experienced Isle of Man resident company directors
- Company secretarial services
- Accountancy and bookkeeping
- Preparation and filing of statutory returns
- Registration for VAT and ongoing administration (if required)
Tax & VAT Compliance
Working through the complexities of taxation, Acclaim works with clients and advisors to implement and manage structures to support compliance in jurisdictions in which they operate.
Our services include:
- VAT and Tax registration with local authorities and HMRC
- VAT compliance (preparation and filing of VAT returns)
- Handling VAT inspections
- ATED filings with HMRC
- HMRC corporation tax returns
- Fiscal representation for VAT equivalent registration in EU countries
- Dealing with tax authorities and filing of annual tax returns
- Substance review and classification
- CRS/FATCA classification and annual reporting
Fees & Timescales
Acclaim is not driven by targets often imposed on private equity owned businesses.
The management team’s ownership of Acclaim allows for a tailored approach to fees and to focus on providing an exceptional service to all clients with cost efficient solutions.
Our ability to complete our due diligence review on new clients in a timely manner relates to our size, structure and the day-to-day involvement of the decision makers. Our take-on process is streamlined, permitting swift onboarding of clients allowing us to proceed quickly to establishing the required structure for clients.
