Anguilla Offshore Companies
Anguilla is truly a neutral tax jurisdiction (unlike many offshore financial services centres). There are no income, capital gains, estate, profit or other forms of direct taxation on either individuals or corporations, whether resident in Anguilla or not. So in this context Anguilla, although regarded by some as a tax haven, has an advantage over many offshore centres in that it does not have "designer" taxation targeting offshore or non-resident business. Companies incorporated in any other jurisdiction may be continued in Anguilla as an Anguilla Offshore Company. An Anguilla Offshore Company can, where the laws of another jurisdiction permit, redomicile to such jurisdiction. The Government recognises the desirability of expanding Anguilla's professional infrastructure and has very recently established a new programme allowing for multi-year work permits of up to four years duration and relaxed residency rules.
Key Corporate Features
Anguilla General Information
Anguilla Company Information
Anguilla Compliance
Key Corporate Features
| General |
| Type of Company: |
IBC |
| Common or Civil law: |
Common |
| Migration of Domicile Permitted: |
Yes |
| Tax on Offshore Profits: |
No |
| Language of Name: |
Latin or other alphabet |
| Corporate Requirements |
| Min. No. of Shareholders / Members: |
One |
| Min. No. of Directors / Managers: |
One |
| Corporate Directors / Managers Permitted: |
Yes |
| Company Secretary Required: |
Optional |
| Standard Authorised Share Capital: |
US $ 50.000 |
| Local Requirements |
| Registered Office / Agent: |
Yes |
| Company Secretary: |
Optional |
| Local Directors: |
Optional |
| Local Meetings: |
No |
| Government Register of Directors / Managers: |
No |
| Government Register of Shareholders / Members: |
No |
| Annual Requirements |
| Annual Return: |
Limited to one page |
| Submit Accounts: |
No |
| Recurring Government Costs |
| Minimum Annual Tax/ Licence Fee |
None |
| Annual Return Filing Fee |
US$ 200 / 250 / 280 |
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Anguilla General Information
Anguilla, the most northerly of the Caribbean Leeward Islands,
has a landmass of 90 sq km. The British established control of Anguilla
in the late 1600's, prevailing in numerous skirmishes with other
European powers throughout the colonial period, so that today Anguilla
is a British Dependent Territory. Anguilla supports a population
estimated at 9.000. Anguilla is generally flat with occasional rainfall,
but has the finest powder white sand beaches in the Caribbean. The
official language in Anguilla is English; the primary industries
are tourism (featuring numerous world class resorts and restaurants,
catering to high net worth individuals from the United States, Europe
and Latin America), financial services, boat building and fishing.
The standard of living and the level of education in Anguilla are
both quite high. In 1969, Anguilla succeeded from associated statehood
with St. Kitts and Nevis, opting for direct British rule, which
was officially granted in 1982. Anguilla is a stable society and
strong democracy, peacefully governed by an Executive Council of
ministers appointed from the Legislative Council of elected members,
presided over by a British appointed governor. Britain maintains
responsibility for the defence and foreign affairs of Anguilla.
Elections are held at least once in every five years; electoral
representation is parliamentary (as opposed to presidential). Anguilla
is located approximately one and a half hours south east of Miami,
Florida, or four and a half hours south east of New York City. There
are flight connections to Anguilla from those and other United States
cities, as well as from Europe and Latin America, through Puerto
Rico, St. Maarten, Antigua, and Curacao. Communications facilities
on Anguilla are exceptional, and expanding. International direct
dialling, cellular connections, fax, modem, internet, and dedicated
e-mail service lines are all available. The official and spoken
language in Anguilla is English. The currency is the Eastern Caribbean
(EU) dollar. Anguilla has no Foreign Exchange controls, and the
US dollar circulates freely throughout the economy. Bank accounts
can be maintained in US dollars in either personal or corporate
savings accounts, checking accounts, CD's, or other investment instruments.
Anguilla's legal system is based upon English Common Law, with local
modifications. The judiciary in Anguilla is independent of the executive
and legislative branches, and is fully independent of political
influence. Anguilla has, since 1992 (and specifically in 1994),
introduced and adopted numerous pieces of modern financial service
legislation. These laws were drafted with the involvement of all
elected legislators, with the advice of the private sector practitioners,
and the consent of British Government representatives.
The principal corporate legislation is the Anguilla International
Business Companies Act 2000.
Anguilla Company Information
The types of company for international trade and investment are
the Anguilla International Business Company (IBC), the Limited Liability
Company (LLC) and the Anguilla Business Company (ABC).
The procedure to incorporate is simple: Anguilla company formation
is available to approved sub-agents to provide instant incorporation.
Alternatively, filing a basic two-page form (i.e. form 8, The Articles
of Incorporation) is the only requirement. An Anguilla IBC is restricted
from conducting business with persons resident on Anguilla, conducting
banking or trust business, conducting insurance or reinsurance business,
or conducting the business of providing company management services.
On Anguilla, an IBC may maintain bank accounts, retain professional
advisors carrying on business within Anguilla, maintain corporate
records, hold meetings and lease office space. An Anguilla International
Business Company has the full capacity of, and all rights, powers,
and privileges of, a natural person. In Anguilla the legislation
and language of corporate documents is English. A registered office
must be maintained in Anguilla at the address of a licensed management
company or law firm. On line incorporation will allow approved sub-agents
in Anguilla to incorporate within minutes. Otherwise, 24 hours are
required.
Name restrictions apply on any name that has already been incorporated
or a name that is so similar as to cause confusion. Restricted names
are ones that suggest the patronage of the Royal Family, the UK
Government, a political party, a university, a professional association,
or names that the registrar may consider to be misleading or objectionable.
Anguilla Compliance
The normal authorised share capital for an Anguilla IBC is US$
50.000 divided in to 50.000 shares of US$ 1, this being the maximum
capital for the minimum fees for incorporation and annual fees.
There are no minimum capital requirements. The share capital can
be expressed in any currency. The minimum issued capital is one
share.
The following classes of shares are permitted: par value shares, no
par value shares and bearer shares.
Anguilla is a pure tax haven and has no direct taxation in the
form of income tax, capital gains tax, gift tax or inheritance tax.
TAnguilla is not party to any double tax treaties.
There are no annual license fees, but annual return fees of US$ 200
(IBC), US$ 250 (LLC) and US$ 280 (ABC).
There is no requirement to file accounts with the authorities in Anguilla,
but there is a requirement to file a one page form (IBC) or two page
form (LLC and ABC) together with the payment of the annual return
fee. A company is required to keep financial records that reflect
the financial position of the company.
The minimum number of directors is one. The directors
may be natural persons or corporate bodies. They may be of any nationality
and need not be resident in Anguilla. A company secretary is not
required, but normally appointed.
The minimum number of shareholders is one.
Contact:
info@personaloffice.com
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