Reasons to Invest in Isle of Man as a Nigerian Entrepreneur If you're looking to build sustainable wealth, not many decisions are as important as creating investment portfolios. Either you
invest by starting a new business, or putting money in an existing business, your money needs to multiply through a channel. But for many entrepreneurs in Nigeria, maybe including you, the question isn’t about whether to invest or not, but where’s the perfect place to invest.
Not every country would give you the most value from your money, and it’s certainly not about a country’s popularity, or its supposed leadership place in the global economy. There are certain ‘perks’ and qualities that make for a suitable investment destination and not many countries have it like the Isle of Man does.
Isle of Man is a small and economically thriving country between Ireland and the United Kingdom.
Being a low-tax economy, with significant
support for businesses and investments, the Island has long been a preferred destination for entrepreneurs from different parts of the world, who want a safe and profitable place to invest in.
And it isn’t just about nice words or sugar-coated descriptions. In addition to letting you grow your wealth in a ‘rich currency’ - Pounds sterling, here are some of the reasons you want to
invest in the Isle of Man as a Nigerian entrepreneur.Stable, PrestigiousWhy do you think the Nigerian currency kept going down in value, and the economy has continually been in a struggling state? It’s the obvious - unstable policies, not-so-friendly business climate, poor money market reputation… the list goes on.
That’s one of the unique qualities why the Isle of Man is a choice investment destination for Nigerian entrepreneurs, and even multinational businesses. It’s not a part of the European Union, so disruptions in the Union can’t affect the Island. It is independent, and at the same time operates a friendly relationship with these neighbours - which is good for local businesses and investments.
The economic outlook is also stable, and economic analysts like Moody and IMF strongly agree.
Reliable MarketThe government of the Isle of Man is particularly vested in the protection of businesses, and investments within its borders. Something can’t come up tomorrow that will disrupt business operations, and affect your portfolio.
You will be helping the country maintain its position as a leading investment hub, and everything your portfolio needs to remain safe, the government has put in place. There are even specialised residency plans that are only for entrepreneurs willing to invest in the country.
So, whether you start a business there, or you invest in a company, the last thing you want to worry about is the market collapsing, the currency slipping in value, or a new policy disrupting your business operations.
Less CompetitionCompetition could be healthy, but it could also mean less opportunity for your investment to thrive. Have you had any thoughts about starting a business in the US, UK, Germany, or any other popular market?
It’s just difficult to get past the thought that these are already saturated markets.
And that’s why the Isle of Man is a life-saving option for investors. Every growth opportunity you can get in much bigger economies, but with much lesser competition.
That’s especially true if you’re looking to start a business on the Island.
Topic: Reasons to Invest in Isle of Man as a Nigerian Entrepreneur (Read 336 times)
