WATCH: Is this tiny Island a South Africans new home? [VIDEO]

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Bloomberg identified a few factors that make this an attractive location for South Africans to relocate to. The island’s offshore economy is a luring factor. The economy of the Isle of Man is a low-tax economy. Even though it is within the British Isles, it does not form part of the UK and its taxation system is entirely separate from that of the UK. There’s no capital gains tax, withholding taxes or wealth taxes and most businesses pay 0% tax on profit. The Isle of Man Today reported that according to the police, the Isle of Man remains one of the safest places in which to live in the British Isles.

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