On-Air Now
Facebook

Efforts to attract billionaires stepped up

Fri, 11 Jul 2014

The new Ballamona estate - credit www.ballamona.com
The new Ballamona estate - credit www.ballamona.com

Are we about to see large numbers of the super rich relocate to the Isle of Man?

A new drive by the Department of Economic Development will see efforts stepped up in a bid to attract billionaires here from around the world.

Work is underway on developing the exclusive Ballamona Estate - a £30 million development that will boast a private beach, golf course and wine cellar.

Head of retail financial services Simon Pickering says it's not just the low tax attracting the high wealth individuals:


Media

  • Simon Pickering

 

Subscribe to get Energy FM News direct to your mobile device

You can get Energy FM News delivered direct to your mobile device using one of the following methods.

  • In the Apple News App on iOS search for Energy FM IOM and then just add it to your favourites
  • In the Google News & Weather App just search for Energy FM and then add us as a customised section
  • If you use an RSS Reader then just add our feed to your app, click here for our news RSS feed