Limited Liability Companies
Limited Liability Companies were introduced by the Limited Liability Companies Act 1996. A Limited Liability Company (LLC) must have at least two members whose liability is limited to the extent of the capital they contribute to the company. Profits are divided among the members and are taxed in their hands, as for a partnership. An LLC does not have directors or a secretary, but it must have a registered agent on the island. The life of an LLC is limited to thirty years. LLCs are governed by articles of organisation and not memorandum and articles of association.

International Companies
The International Company (IC) was introduced by the International Business Act 1994. In effect this form broadens the concept of the exempt company. IC status can be acquired by a Manx-registered company (including public companies and limited liability companies) or by a foreign company registered on the island. International Companies are excluded from the same activities on the island as exempt companies (see above). The income and receipts of an IC (other than local bank deposit or approved investment income) have to be derived from outside the island, or from dealings with other ICs. An IC must have a resident director and secretary (or agent in the case of a Limited Liability Company). The International Company legislation is particularly aimed at helping finance sector companies. The rates of tax payable are negotiated between the company and the Manx authorities. As with exempt companies, the status of International Company has to be applied for each year.