Anguilla

Key benefits

Anguilla is a British overseas territory and is the northernmost island in the Leeward chain, located just a short distance from Puerto Rica. As a former British Colony English is widely spoken and the legal system is based on English Law.

Anguilla has few natural resources and the economy depends heavily on tourism and offshore banking and corporate services. Anguillan officials have put substantial effort into developing the offshore financial sector which has grown consistently.

Anguilla is a true neutral tax jurisdiction and has numerous advantages, some of which are listed below:

Key benefits of Anguilla:

  • Anguilla offers an excellent degree of political stability
  • The legal system in Anguilla is common law based on English Law
  • Zero taxation on corporations or individuals, residing on the island or not. Includes capital gains, profit and income tax. This makes Anguilla an attractive jurisdiction in which to base financial services and assets.
  • No requirement for submission of Annual Returns or Financial Statements.
  • Highly professional and experienced professionals (Lawyers, Accountants, Corporate Service providers) in order to provide support.

Tax and accounting regulations

Summary of Requirements for a Anguilla IBC

General Information
Type of CompanyIBC
Timescale to incorporate2 working days
Corporate TaxationNil
Double Tax Treaty Access:No.
Directors
Minimum No. Required1, Corporate Directors are permitted
Local Director RequiredNo
Publicly accessible informationNo
Location of MeetingsAnywhere
Shareholders
Minimum No. Required1, 100% foreign shareholders allowed
Publicly accessible informationNo
Location of MeetingsAnywhere
Company Secretary
RequiredOptional
Local Secretary RequiredN/A
Registered Office / Agent RequiredYes
Share Capital
Standard CurrencyUSD
Standard AuthorisedUSD 50,000.00
Minimum Paid Up CapitalUSD 1.00
Accounting & Compliance
Requirements to prepare AccountsYes
Requirement for AuditNo
Local Auditor RequiredN/A
Requirement to File AccountsNo
Requirement to file Annual Return No
Additional Information
Bank Account OpeningService Pro can open a bank account in Cyprus for a Anguilla Company without presence. We can also offer bank accounts in a number of other jurisdictions, please contact us for information.

 

Procedure of company registration

Company formation in Anguilla is very straightforward. Service Pro require the following to proceed:

  • A completed Company Registration Application Form
  • A copy of the passport of the Beneficial Owner, Director and Shareholder
  • A recent utility bill (under 3 months old) for the Beneficial Owner, Director and Shareholder