The Isle of Man is not part of the United Kingdom, although it is part of the British Islands and it is not in the EU, although it does have a limited relationship with the EU via Protocol No. 3 to the Act of Accession which formed part of the United Kingdom's Treaty of Accession 1972 to what was then the European Economic Community.
Pursuant to this relationship, the Isle of Man is outside the European Union for most purposes but is part of the customs territory of the European Union. Consequently, EU customs legislation applies to the Isle of Man.
The Isle of Man is well known and respected as an international financial centre with high standards of regulation within this sector of the economy which includes banking, fiduciary services, shipping, yacht and aircraft management, investment, insurance and e-Commerce. The Isle of Man Financial Services Authority enjoys a pro-active and harmonious relationship with its regulated service providers in the private sector. The service providers find their regulator to be accessible and a valuable point of reference and assistance which enables them to provide services in international markets as trusted partners.
The Isle of Man enjoys world-class, cutting-edge telecommunications systems and facilities and air and sea transport to major hubs in the UK.