 ANGUILLA CORPORATIONS
Anguilla is located in the northeastern Caribbean, approximately 950 miles south east from Miami, Florida. Population is 11,000 and predominately Afro-Caribbean. Anguilla is a stable, democratic British Overseas Territory and in 1994 enacted the most modern and flexible legis lation which has been further amended in 2000. The legal system is based in the Anguilla Constitution Order of 1982. This Constitution has a Bill of Rights created by an Order in Council of the British Privy Council. The United Kingdom maintains the responsibility for defense and foreign affairs. In the world financial services sector, Anguilla has carefully established itself as a modern and well regulated jurisdiction.
IMPORTANT FACTS
Anguilla Corporations are formed pursuant to the International Business Companies Ordinance of 1994 (amended in 1998). Since 1998, ACORN which is the Anguilla’s Commercial Online Registration was introduced to allow overseas approved agents to incorporate “online”. There is no longer a requirement to file lengthy memorandum and articles of association. In the case an IBC, articles of incorporation need only contain the company’s and incorporator’s names, registered office and agent and essential details as to the nature, but not the ownership of the company’s shares.
Regarding Corporate Legislation, besides the IBC Act there are two additional companies Acts since the amendment of 2000: The Companies Act and the Limited Liability Company.
SECRECY AND DISCLOSURE
As Anguilla values its well-earned reputation, strict provisions have been enacted to guarantee the confidentiality of sensitive business records. The Confidential Companies Ordinance Act of 1981 imposes fines to any person who tries to obtain confidential information. The Act does not protect against inquiry with respect to criminal activity considered a serious offence in Anguilla.
Shareholders and Directors of Ordinary Companies must be revealed to the Registrar of Companies annually, although common use of nominative shareholders, holding the shares under a Trust Agreement provides additional layer of secrecy.
MONEY LAUNDERING CONTROLS
Money Laundering is strongly discouraged by banks and professional advisors in Anguilla. If significant funds are going to be deposited in a bank within the island, an explanation as to the source of funds must be provided.
MUTUAL LEGAL TREATY ASSISTANCE
The Governments of Anguilla and the United States of America have ratified a mutual legal assistance treaty that extends the exchange of information between them regarding the activities considered criminal in both jurisdictions. This treaty is aimed specifically at keeping Anguilla free of the drug-related and money laundering taint. This Ordinance of 1990, does not extend to any fiscal matter.
TAXATION
Anguilla is a pure tax haven and has no direct taxation in the form of income tax, capital gains tax or inheritance tax. Anguilla is not a party to any double tax treaty.
TRANSFER OF FUNDS
There are no currency exchange controls in Anguilla. No approval is required for the transfer of dividends interest, royalties other profits or for the repatriation of capital. Companies are permitted to repatriate all profits, dividends and management charges.
REQUIREMENTS FOR INCORPORATIONS
We offer tailor-made Corporations in Anguilla, a completely new corporation formed upon client's specifications and organized in 3 working days.
Requirements and considerations when IBCs are being incorporated :
Name: The corporate name must have the ending word Corporation, Incorporated, Limited, "Sociedad Anónima", Societé Anonyme or their abbreviations (Corp., Inc., Ltd., S.A.). The use of names including the words bank, insurance, reinsurance, trust or trustee, imperial, royal, cooperative, municipal, chartered, building, funds, chamber of commerce, is restricted. The Registrar can approve these names upon request and in specific cases, when licenses are obtained.
Capital Structure and Classes of Shares: Standard authorized capital of an Anguilla IBC is US$50,000.00 divided into 50,000 shares of US$1.00 each one. This is the maximum capital for the minimum annual fees. Par value shares and no par value shares are permitted.
Shareholders: Minimum number of shareholders is one. Identity of shareholders are not a matter of public record. Bearer shares are permitted.
Directors & Officers: Minimum director is one and may be natural of corporate bodies. This information is not required to be filed at the Registry.
Registered Office/ Agent: IBC companies must have a Registered Office/Agent located in Anguilla.
Books, records and corporate seal: Directors of the company may determine from time to time where the books, records and seal shall be kept.
Annual License Fees:
Authorized Capital
License Fee
Up to US$50,000.00: US$250.00
Over US$50,000.00: US$750.00
Please contact us to discuss your requirements. |
