Tax: up to 20%
Duties: up to 7%
Restricted items: N/A
Non-working days: Saturday, Sunday, and Public Holidays
Lead times: 3-4 weeks
Best Carrier option: Freight Forwarder or Courier
Prominent Languages: Manx English
How TecEx Can Help You Import into the Isle of Man
The Isle of Man is an interesting Island located between Northern Ireland and England. Despite its location, it is neither a part of the United Kingdom (UK) nor the European Union (EU). Instead, like the Channel Islands, it is a self-governed British Crown Dependency. However, when the UK entered, Protocol 3 was put in place, extending the EU customs area to the island. This meant that despite not being a member of the EU, the country could benefit from free trade with member states. Unfortunately, free trade came to an end when Brexit was implemented, significantly complicating imports into this technologically thriving destination.
The local government actively encourages entrepreneurship for both locals and provides excellent support to international investors. The Tech sector has grown significantly and now accounts for 30% of the island’s economy. Home to both prominent global players in the industry and several up-and-coming tech companies, this country is and continues to be a tech hub in the region.
Although the Isle is notoriously business-friendly, Brexit has raised a few question marks for many importers, significantly complicating the process. Contact the TecEx team for quick and reliable IOR and customs clearance into the Isle of Man.
Learn more about importing into Europe here!
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