Devonshire

Ownership of commercial and residential property in a tax efficient manner.
Employment contracts for individuals who earn irregular income outside their country of residence. Corporations may also use “Employment Companies” to employ staff, for instance, on large off-shore projects.
To hold investment portfolios. Depending on the circumstances, this can have advantages.
To undertake merchanting transactions between importers and exporters.
To take advantage of double taxation treaties by introducing an offshore company into the corporate structure.
By holding trade marks, patents, royalties and other rights, an Isle of Man company may derive a profit from granting leases, rights or sole distributorship arrangements to residents of other countries.
By registering a ship or yacht in the Isle of Man, a corporate owner may enjoy the benefits of confidentiality and limited liability.
To undertake joint ventures.