Establishing a company in Anguilla
Anguilla is a northerly island in the Caribbean Sea, situated east of the British Virgin Islands. It has been under the rule of the English since the mid-16th century, and despite colonial struggles and attempts to declare the island an independent territory outside British jurisdiction, its 15,000 residents yet remain part of British overseas territories. The laws of Anguilla are still largely British in origin, although some amendments and adaptations have been made, and the official language is English – a fact that simplifies the registration of foreign companies.
Anguilla offers visitors a warm, tropical climate, virginal beaches and gourmet restaurants with all the local seafood specialties. Around the island there are several small uninhabited islets. Visitors can take the ferry to the neighboring island of Saint Martin, a hot tourist attraction spot.
The government of Anguilla is a stable parliamentary democracy. As the soil is unsuited for agricultural development, island economy is founded on a very developed tourism industry, as well as taxation and advanced banking services that encourage foreign company registration. The currency is the East Caribbean dollar and USD.
- The island spans 96 km2 and does not rise beyond 65 meters above sea level.
- The Cap Juluca resort in the north of the island is a preferred vacation destination for celebrities and Hollywood stars.
There are many benefits to registering a foreign company in Anguilla, particularly in areas of taxation and reporting, as direct taxation rates (including corporate tax, income tax and capital gains tax) are 0%. Offshore companies are not required to submit financial reports to the authorities (although they are required to prepare and store reports in their archives). Additionally, companies there enjoy a great deal of discretion, as information regarding company office holders and directors are not included in the Anguilla company registrar logs, and kept instead by a locally appointed agent that must maintain company confidentiality.
General
Type of company |
IBC – International Business Corporation |
Relevant Companies Law |
International Business Companies Act, 1990, amended 2000 |
Offices |
Law requires companies to provide a local office address |
Language of original incorporation documents |
English |
Finance and Taxation
Currency |
XCD |
Corporate tax rate |
0% |
Standard share capital |
50,000 USD in nominal value shares of 1 USD |
Office Holders
Company Secretary (Secretary) |
|
Obligation to appoint company secretary |
Not required – company may appoint a secretary |
Obligation to appoint local secretary |
Not required |
Type of entity that may function as company secretary |
Individual and/or company |
Director |
|
Obligation to appoint company director |
Required |
Obligation to appoint local company director |
Not required |
Minimum number of directors |
1 |
Type of entity that may serve as company director |
Individual |
Shareholders |
|
Obligation to register shareholders |
Required |
Obligation to register local shareholders |
Not required |
Minimum number of shareholders |
1 |
Type of entity that may register as shareholder |
Individual and/or company |
Type of shares |
Registered shares |
Accessibility of Information
Company registrar |
Information regarding office holders is not accessible to the public |
Annual Assembly and Reporting
Obligation to hold annual assembly |
Not required |
Obligation to prepare financial reports |
Required |
Obligation to submit financial reports |
Not required |
Accept
