Anguilla

Introduction

Anguilla is a dependent territory of the UK. It is located in the Caribbean Sea and in the archipelago of the Antilles. It includes the main island, Anguilla, and a group of smaller islands. The official head of the jurisdiction is the Queen of England, who is represented in Anguilla by the Governor-General. The island has beautiful coral coasts, but has limestone soil which is of little use for agriculture. The main source income for the jurisdiction comes from tourism and the finance / offshore sector. The Register of Companies of Anguilla is highly developed and has powerful IT technology. Accordingly, companies are registered electronically, thus speeding up the time of incorporation. The creation and management of non-resident companies in this jurisdiction is regulated under the International Business Companies Act 2000.

Features and Advantages

  • UK Overseas Territory
  • Well-regulated financial services industry
  • Common law legal system based on English law
  • Well-developed professional infrastructure
  • Same day company incorporation service
  • World standard telecommunications system
  • Easy air access to North America and Europe
  • Competitive pricing
  • Modern legislation
  • Stable Government
  • Indirect tax jurisdiction
  • No foreign exchange restrictions
  • Accessibility to the Regulators, Registry and Ministers
  • World’s most efficient and first fully electronic registry (ACORN)

Summary

General Information
Total area – 91 sq km
Population – 15,423
Political status – British Overseas Territory
Capital – Valley
Official language – English
Official currency – Eastern Caribbean Dollar ($EC)
Time zone – GMT – 4

Company Type
International Business Company (IBC)

Directors/Officers
Anguilla IBC companies require a minimum of 1 Director, who may be a natural person or a corporate body from any legal jurisdiction.

Each Anguilla IBC company must file the register of directors with its registered agent.

Shareholders
Anguilla IBC companies require a minimum of 1 shareholder, who may be a natural person or a corporate body from any legal jurisdiction.

Each Anguilla IBC company must file the register of members with its registered agent.

Secretary
There is no statutory requirement for a Company Secretary to be appointed.

Authorised Share Capital
Standard authorised capital = USD 50,000.

There is no statutory requirement for capital to be fully or partly paid on incorporation.

Company Names
The name of a Anguilla IBC company must end with the words “Incorporated”, “Corporation”, “Limited”, or suffixes such as “Inc.”, “Corp.”, “Ltd.”, “GmbH”, “S.A.”, etc.

Company names containing restricted words such as “Bank”, “Insurance”, “Trust”, “Assurance”, “Imperial”, “Royal” etc. will not be permitted unless an appropriate national operating licence has been obtained by the company.

Virtually any language or alphabet, including Chinese characters for names is allowed.

Beneficial Ownership Information
Information with regard to ultimate beneficial ownership must be disclosed to the Registered Agent of the company and is held by the agent on a confidential basis.

Filing of Annual Return
There is no requirement to file an Annual Return.

Filing of Financial Statements
Although there is no requirement to file Financial Statements in Anguilla an IBC is required to keep financial records that reflect the financial position of the company.

Corporate Taxation
Anguilla IBC companies are not subject to corporation tax in Anguilla.

Tax Treaties
Anguilla IBC companies are not subject to Double Tax treaties concluded by Anguilla with other countries.

Time Frame for Incorporation
1-2 working days