# Isle of Man has ambitious plans to develop fund administration business

The Isle of Man is well on its way to meeting its target $50bn of funds under management and$100bn of funds under administration by 2010. The Isle of Man has positioned itself as a jurisdiction for funds to be incorporated, domiciled and administered on the island. Fund administration is seen as a key driver for growth

The Isle of Man is in the vanguard of moves towards transparency and regulation in international business. It is recognised as one of the best regulated offshore financial centre