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Business Profile
Economy: The island’s economy relies principally on tourism and financial services attracted by banking secrecy laws which render assets deposited on the island less vulnerable to disclosure requirements than those on the mainland. Taxation rates are also, on the whole, lower than those of the UK. There is a small agricultural sector but very little industry.
Business: See the main United Kingdom section.
Commercial Information: The following organisation can offer advice: Isle of Man Chamber of Commerce, 17 Drinkwater Street, Douglas, IM1 1PP (tel: (01624) 674 941; fax: (01624) 663 367; e-mail: enquiries@iomchamber.org.im; website: www.iomchamber.org.im).
Conferences/Conventions: Seating is available for up to 1700 persons, although facilities on the island lend themselves very well to meetings of 100 persons or less. Conferences hosted include those of the National Federation of Young Farmers’ Clubs and the Union of Communication Workers. All conference hotels have superb back-up services. For further information contact the Department of Tourism.
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