Business For Sale Isle of Man | Business For Sale Listings
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Get to Know About Isle of Man
Isle of Man, whose economy has been growing steadily in recent years, is located between Ireland and Great Britain. Some of the sectors which are a part of its economy are construction, financial services, and medical and health. Tourism is also prevalent here but in recent years has lost its importance.
A lot of employment is generated by the food and beverage industry, which is developing well here. The unemployment rate has come down in recent years, thanks to the growing GDP. Recently the Isle of Man has been giving permission for shooting to the film and television industry from throughout the world.
One of the advantages of doing business in Isle of Man is its internet connectivity. Moreover, the country is easily accessible to nations like the UK and Ireland by airways. The tax structure is very favorable for business investors. There is a lot of scope for business in the financial services industry. The rules and regulations here are very favorable and facilitate the easy starting of business.
One of the disadvantages of running a business in the Isle of Man is the high cost of travel here. Infrastructure also needs to be developed much more here. There is also the problem of finding appropriately skilled labor.