Anguilla is a part of the Leeward Islands in the Lesser Antilles. It is also one of the British Overseas Territory in the Caribbean Sea, located east of Puerto Rico and North to Saint Martin. The capital of Anguilla is The Valley. The official language spoken in Anguilla is English, with various ethnic groups consisting a majority of Black, Multiracial, European and others. The GDP (gross domestic product) is over 300million US Dollars, with the official currency called East Caribbean dollar (XCD). The British Overseas State i.e. Anguilla is internally self-governing.
The Anguilla is home for several International Business Companies (IBC), as it became a popular tax haven, with zero capital gain, profit or direct taxation on either individuals or IBCs. Although, in April 2011, due to escalating deficit, it had introduced a 3% “Interim Stabilisation Levy”, making it the first form of income tax in Anguilla. Tourism is one of the crown point contributors in Aguilla’s economy besides offshore company formation, offshore banking and fishing. Although,
Anguilla’s taxation regime is quite undemanding and flexible.
It does not discriminate between a Local or an International Business Company since they all enjoy tax exemption. Anguilla has incorporated more than 30,000 companies being politically and economically stable together with a well-regulated offshore industry. The IBC and LLC (Limited Liability Company) are the most commonly used companies for international business, however, an IBC is much more economical to set up in Anguilla. The confidentiality regulations are strict as its shareholders and directors need not be published on any public register. The IBC incorporated in Anguilla offers investors and clients a jurisdiction that maintains regulations similar to British
Anguilla offers investors and clients a jurisdiction that maintains an English Common Law system with a modern infrastructure and flexible corporate environment, all of which make Anguilla a treasure in the world’s offshore financial market. It a quite neutral tax regime, unlike many offshore financial service centres. Anguilla levies zero income tax, zero tax on capital gains, profit or any other form of direct taxation on either individual or corporation, irrespective of whether the shareholder, director is a resident of 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.
Offshore Company Formation in Anguilla is quickly gaining recognition among the leading jurisdictions for the same. There are several reasons to set-up an Offshore Company in Anguilla.
Being one of the Britain’s territories in the Caribbean, it offers an excellent political stability, with experienced and highly qualified service system, it offers strong and professional infrastructure and telecommunications system. Even though it offers zero taxation on corporations or individuals residing on the island or not, including capital gains and estates. Perhaps making it an attractive destination for Offshore Company Formation.
Here is quick fact check of the Anguilla Offshore Company:
|Company type||International Business Company (IBC)|
|Governing corporate legislation||The Anguilla Financial Service Commission is the governing authority and companies are regulated under the IBC Act 2000.|
|Information published relating to company officers||There is no public register of company officers.|
|Confidentiality||Anguilla offers a high level of anonymity and privacy.|
|Accounting requirement||No accounting / reporting requirements.|
|Taxation||No taxes of any sort.|
|Legislation||Modern offshore legislation.|
|Time to form||Anguilla has a fast and efficient Registry: it takes only 2-3 days to register a company.|
|Stability||Stable jurisdiction with very good reputation.|
|Communication||Efficient communication means.|
|Time zone||Convenient world time zone: GMT-4|
|Paid up capital requirement||No paid up capital requirement.|
|Basis of legal System||Under Common Law.|
|Minimum directors/shareholders||Minimum of 1 director/shareholder|
|Bearer shares||Bearer shares are permitted|
Documents required for the creation of the company
A certified true copy of the passport, an original or certified copy of a proof of domicile (issued within last 3 months), an original personal bank reference letter mentioning good standing of the account since at least 2 years, an original bank statement for a personal account from the last 3 month indicating the client’s address, as well as a signed business plan and a curriculum vitae.
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