Three series of palladium(II) complexes supported by a phosphine‐iminophosphorane ligand built upon an ortho‐phenylene core were investigated to study the influence of the iminophosphorane N substituent. Cis‐dichloride palladium(II) complexes 1 in which the N atom bears an isopropyl (iPr, 1a), a phenyl (Ph, 1b), a trimethylsilyl (TMS, 1c) group or an H atom (1d) were synthesized in high yield. They were characterized by NMR, IR spectroscopy, HR‐mass spectrometry, elemental analysis, and X‐ray diffraction. A substantial bond length difference between the Pd‐Cl bonds was observed in 1. Complexes 1a‐d were converted into [Pd(LR)Cl(CNtBu)](OTf)] 2a‐d whose isocyanide is located trans to the iminophosphorane. The corresponding dicationic complexes [Pd(LR)(CNtBu)2](OTf)2 3a‐d were also synthesized, however they exhibited lower stability in solution than 2, the isopropyl derivative 3a being the most stable of the series. Molecular modeling was performed to rationalize the regioselectivity of the substitution of the single chloride by isocyanide (from 1 to 2) and to study the electronic distribution in the complexes. In particular differences between the TMS and H containing complexes vs the iPr and Ph ones were found. This suggests that the nature of the N substituent is far from innocent and can help tune the reactivity of iminophosphorane complexes.