Regulatory regime

Designated Business

The Isle of Man introduced the Designated Business (Registration & Oversight) Act 2015 (as amended June 2019), under which we can register a company as a ‘Designated Business’, meaning anyone who undertakes:

“the business of issuing, transmitting, transferring, providing safe custody or storage of, administering, managing, lending, buying, selling, exchanging or otherwise trading or intermediating convertible virtual currencies, including crypto-currencies or similar concepts where the concept is accepted by persons as a means of payment for goods or services, a unit of account, a store of value or a commodity”

Designated businesses are registered and overseen by the Authority for AML/CFT compliance only.


Designated Businesses must:

  • be and Isle of Man Company

  • appoint 2 Isle of Man resident directors

  • appoint a suitably qualified and experienced MLRO

  • have adequate substance on the island

Key features

  • 6-8 week registration process

  • no corporate tax, withholding tax or capital gains tax

  • international banking available

  • world-class infrastructure, bandwidth and power resilience

  • politically transparent and extremely stable

  • easy access to politicians

We have extensive hands-on experience designing and operating blockchain businesses. Our experience includes the Isle of Man’s first hard-capped ICO, first blockchain gambling license, the professionalisation of syndicates into exempt funds, passing the first crypto-audit and successfully securing fiat banking for digital asset exchanges globally.