|
Company Incorporation
Anguilla
Summary of Standard
Professional and Government Fees
Incorporation
(including maintenance for calendar year of incorporation):
Standard
Incorporation Fee: $ 950
Standard Registered
Office and
Registered
Agent: $ 400
Government
Registration Fee
(All shares are par value )
$ 250
Total first
Year: $1,600
Options:
Corporate Seal: $50 (required for bank acc)
Apostille: $150 (required for bank acc)
Nominee Director: $300 p.a. (Third party)
Nominee Shareholder: $300 p.a. (Third party)
Power of Attorney: $150 (only if you
have selected a nominee service)
DHL/FedEx Courier: $100
Nominee bank Signatory: $1000 / year if the company is incorporated with
nominee service (read more here)
Bank account setup in Anguilla $500
Mail Forwarding from Anguilla - US$400 - payable annually in advance,
plus the actual cost of postage. We take a US$50
deposit to cover and then invoice for a further sum when this is used up.
Annual maintenance fees
after first year:
Registered Office/Agent: $400 p.a.
Government Licence: $200 p.a.
(All shares are par
value)
Total: $600
(plus fees for nominee services if supplied)
For your convenience, we have included a
Cost Calculator
in the order form:
Why Anguilla?
-
A zero tax jurisdiction
-
A quality tourist destination
-
The only jurisdiction with ACORN
-
A jurisdiction with excellent telecommunications
-
A jurisdiction with no foreign exchange restrictions
-
A British Overseas Territory situated in the Caribbean
-
A jurisdiction with modern financial services legislation
-
A jurisdiction with a broad, reputable, professional
infrastructure
-
A jurisdiction with a common law legal system based on
English law
What are the advantages of Anguilla?
-
ACORN access for registered overseas agents.
-
Company "first choice" names normally available.
-
No Taxation on wealth, income, capital, dividends.
-
No Exchange Controls - US Dollars circulate freely.
-
Complete Confidentiality regarding tax and related
issues.
-
Various accounts serviced by international and local
Banks.
-
Flexible, modern legislation in a jurisdiction committed
to growth.
AN OVERVIEW -- INTERNATIONAL BUSINESS
COMPANIES
CORPORATE NAMES:
Prohibited names are ones that suggest the patronage of the Royal Family, the UK
Government, a political party, a university, or a professional association.
Restricted names are ones that the Registrar may consider to be misleading, and
include bank, financial, trust, and insurance. Such words can only be used in
company names with the express consent of the Registrar. The name of an IBC must
end in one of the following: Ltd., Corp, Inc., SA, NV, or GmbH.
MINIMUM CAPITAL REQUIREMENTS:
There is no minimum capital requirement, but Government fees are higher for
companies with an authorized capital in excess of US$50,000.00
TAXES: There are no
taxes or exchange controls on Anguilla.
SHARES: Shares (or
fractions thereof) may be issued for any value or consideration, may be
transferred in any manner, may be either par value, or no par value, or a
combination of par value and no par value. Bearer shares may also be issued, and
are transferable by simple delivery.
INCORPORATION: On
filing a basic two-page form (i.e. Form 8, The Articles of Incorporation), the
company is created with the full capacity of, and all rights, powers, and
privileges of, an individual.
TRANSFER OF DOMICILE:
Domicile may be relocated into or out of Anguilla.
DIRECTORS: There is
no need for more than one director, who may be the sole shareholder, and there
is no need for any additional officer to be appointed. Directors may be either
an individual or a company; need not be resident on Anguilla; may hold office
until death, resignation or replacement; may set their own emolument; may be
fully indemnified; may appoint alternatives. Directors have full control over
the affairs of the company without the need of additional by-laws to confer
particular powers. Directors need not appear on any public record.
RESTRICTIONS: An IBC
is restricted from conducting business with persons resident on Anguilla,
conducting banking or trust business, conducting insurance or reinsurance
business, conducting the business of providing company management services. An
IBC may maintain bank accounts, retain professional advisors carrying on
business within Anguilla, maintain records, hold meetings, and lease office
space.
REPORTING REQUIREMENTS:
Neither shareholders nor officers appear on any public record, at any time. A
simple, one page, annual return form and associated fees must be submitted on
the anniversary date of incorporation. The Registered Office is required to
maintain certain basic records (i.e. Articles of Incorporation, By-laws, common
seal, share register, corporate minutes and resolutions).
ANGUILLA
ANGUILLA - AN ISLAND PROFILE
ANGUILLA
History: Anguilla
was originally inhabited by, and was an important home island to, the Arawak
Indians-an indigenous Caribbean race. Numerous significant artifacts have
recently been unearthed which establish The Fountain (a fresh water underground
spring) and other Island sites as important archeological finds which now draw
substantial international interest. The British established control of Anguilla
in the late 1600's, prevailing in numerous skirmishes with other European powers
throughout the colonial period, so that today Anguilla is a British Dependent
Territory.
Geography: Anguilla
is the most northerly of the Caribbean Leeward Islands, located approximately
one and a half hours south east of Miami, Florida, or four and a half hours
south east of New York City, with flight connections from those and other United
States cities, as well as from Europe and Latin America, through Puerto Rico,
St. Maarten, Antigua, and Curacao.
Anguilla has a land mass of 36 square miles,
which supports an estimated population of 9,000. The island is generally flat
with occasional rainfall, but has the finest powder white sand beaches in the
Caribbean. The official language is English; the primary industries are tourism
(featuring numerous world class resorts and restaurants, catering to high net
worth individuals from the United States, Europe, and Latin America), financial
services, boat building, and fishing.
Government: In 1969,
Anguilla succeeded from Associated Statehood with St. Kitts and Nevis, opting
for direct British rule, which was officially granted in 1982. Today, as a
British Dependent Territory, Anguilla does not have any political connections to
the independent nation of St. Kitts and Nevis. Anguilla is a stable society and
strong democracy, peacefully governed by an Executive Council of ministers
appointed from the Legislative Council of elected members, presided over by a
British appointed Governor. Britain maintains responsibility for defense and
foreign affairs. Elections are held at least once in every five years.
LAW: Anguilla's
legal system is based upon English Common Law, with local modifications. The
judiciary is independent of the Executive and Legislative branches, and is fully
independent of political influence. Anguilla has, since 1992 (and specifically
in 1994), introduced and adopted numerous pieces of modern financial services
legislation. These laws were drafted with the involvement of all elected
legislators, with the advice of the private sector practitioners, and the
consent of British Government representatives.
The new package of legislation is designed to be
flexible, with provisions already in place for the soon to be introduced modem
accessible company registry-capable of 24 hour per day incorporations for local
management companies and their approved offshore affiliates.
CURRENCY DENOMINATION
OF CAPITAL: The capital of International Business Companies (IBC's) is
usually expressed in United States dollars, although any major currency may be
used. The capital of all other companies is usually expressed in the local
currency, the Eastern Caribbean dollar.
CURRENCY: The
currency of Anguilla is the Eastern Caribbean (EC) dollar. The exchange rate
between the US dollar and the EC dollar is fixed at 2.6882 EC to 1.00US.
EXCHANGE CONTROL:
There are absolutely no foreign exchange controls, and the US dollar circulates
freely throughout the economy. Bank accounts can be maintained in US dollars in
either personal or corporate savings accounts, checking accounts, CD's, or other
investment instruments.
BANKING FACILITIES:
There are currently four domestic banks on Anguilla: two international, i.e.
Barclays Bank and the Bank of Nova Scotia; and two local, i.e. Caribbean
Commercial Bank and the National Bank of Anguilla. In addition there is
currently one offshore bank, i.e. Hansa Bank. All banks on Anguilla offer a wide
range of services, including trade finance.
CONFIDENTIALITY: The
confidentiality Relationship Ordinance #10 of 1981, prohibits the unauthorized
disclosure of information relating to a person's or a corporation's business
affairs on Anguilla. Neither the Registrar nor Registered Agent may reveal
confidential information without a Gazette order to do so, under the penalty of
law. It must be noted that the Ordinance does not offer protection with regard
to the investigation of crimes which are offenses under the Anguillian law (i.e.
drug related offenses, etc). However, as Anguilla does not have tax laws, tax
related issues are not offenses under Anguillian law, therefore tax related
matters cannot be a basis for the authorization of disclosure.
The common law duty of confidentiality of a
banker, lawyer, accountant, or company manager, towards a client is rigorously
applied in Anguilla. This fact is further reflected in the strict
confidentiality provisions of the recently enacted banking and trust company
legislation.
COMMUNICATIONS:
Communications facilities on Anguilla are exceptional, and expanding.
International direct dialing, cellular, fax, modem, Internet, and dedicated
email service lines are all available.
INCOME TAX: There is
absolutely no income tax on Anguilla.
CORPORATE TAX: There
is absolutely no corporate tax on Anguilla.
CAPITAL GAINS TAX:
There is absolutely no capital gains tax on Anguilla.
WITHHOLDING TAX:
There is absolutely no withholding tax on Anguilla.
ESTATE TAX: There is
absolutely no estate tax on Anguilla.
PROFIT TAX: There is
absolutely no profit tax on Anguilla.
OTHER TAXES: There
are absolutely no wealth taxes on Anguilla-all Government income is
derived from accommodation fees, import duties, license fees, and company
registrations.
TAX IMPLICATIONS:
Anguilla is a unique jurisdiction that truly does not have any internal taxes.
Anguilla is not a typical jurisdiction which has local taxes from which it
exempts specific "offshore" entities. As such, there are exciting opportunities
for establishing active companies (i.e. order acceptance operations, etc.) which
actually do business, and books profits, on Island.
TAX TREATIES: As
Anguilla has no taxes, it has no tax treaties.
TYPES OF COMPANIES:
There are two types of companies of primary interest to the offshore investor:
the International
Business Company (IBC) and the
Anguilla Specified
Private Company (SPC).
For your convenience, we have included a
Cost Calculator
in the order form:
FIND/BUY RELATED
BOOKS!
Whilst
every effort has been made to ensure that the details contained herein are correct and
up-to-date, it does not constitute legal or other professional advice. We do not accept
any responsibility, legal or otherwise, for any errors or omissions.
Please go to our Uses of offshore Companies Page where you will
find interesting information on the benefits of using offshore companies and trusts for
business and personal use, links to information on other locations and details of our
products and services.
back to top
HOME
|
