On Air Manx Radio Update Barrie Redfern | 5:30pm - 6:00pm

Abacus plots course at Monaco

Event to promote niche admin services

A team from Island-based corporate service provider Abacus has been enjoying the glitz and glamour of the Monaco Yacht Show this week.

The Isle of Man has one of the fastest growing ship registers in Europe, with 339 yachts on the books by the end of 2014.

Local CSPs who have developed professional services to meet the sector's needs, have become regular visitors to the show - promoting expertise in areas from yacht registration, VAT services and company incorporation to provision of directors and company secretary, crew and payroll.

The Island's zero rate insurance premium tax on asset insurance is highlighted by firms seeking to win new business in Monaco.

Senior manager at Abacus Paul Swindale says the Isle of Man enjoys a buoyant reputation at the event: 

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