Jurisdictions >> Anguilla IBC >> Anguilla Company Formation

Anguilla Company. Anguilla Company Formation.

Worldwide Incorporation Services specializes in Anguilla Company Registration and opening bank accounts.

Anguilla – General Information

Location: Caribbean, islands between the Caribbean Sea and North Atlantic Ocean, east of Puerto Rico.
Area: total: 91 sq km, land: 91 sq km, water: 0 sq km.
Natural resources: Salt, fish, lobster.
Population: 17,087 (July 2017 est.).
Capital: The Valley.
Time Zone: UTC−4.
Languages: English (official).
Dependency status: Overseas territory of the UK.
Government type: Parliamentary democracy (House of Assembly); self-governing overseas territory of the UK.
Legal system: Common law based on the English model.
International organization participation: Caricom (associate), CDB, Interpol (subbureau), OECS, UNESCO (associate), UPU.
Economy: Anguilla has few natural resources, is unsuited for agriculture, and the economy depends heavily on luxury tourism, offshore banking, lobster fishing, and remittances from emigrants. Increased activity in the tourism industry has spurred the growth of the construction sector contributing to economic growth. Anguillan officials have put substantial effort into developing the offshore financial sector, which is small but growing. In the medium term, prospects for the economy will depend largely on the recovery of the tourism sector and, therefore, on revived income growth in the industrialized nations as well as on favorable weather conditions.
Currency: East Caribbean dollar (XCD).

Advantages of Anguilla Offshore Company (Anguilla IBC)

Exemption from all local taxes and stamp duty
Maximum confidentiality and anonymity
Ease of operation, maintenance and control
Asset security
No disclosure or minimum capital requirements
The minimum number of shareholder is one for IBC
The minimum number of director is one for IBC
Corporate directors and shareholders are permitted
Excellent and flexible post-incorporation follow-up services
No statutory requirement to hold annual general meetings
Highly competitive fees and costs

Anguilla Company Formation – Legislation

Principal Corporate Legislation

The Anguilla IBC Act 2000.

Type of Law

Common.

Language of Legislation and Corporate Documents

English.

Type of Entity for International Trade, Investment & Tax Planning

Anguilla IBC – International Business Company.

Anguilla Company Formation – Key Facts

Share Capital

Standard authorised share capital is US$50,000. Minimum paid up share capital is US$1.

Classes of Share Available

Registered shares, shares of no par value.

Bearer Shares

Not permitted.

Restrictions on Trading

An Anguilla Offshore Company cannot trade within Anguilla. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.

Registered Agent Required

Yes.

Registered Office Required

Each Anguilla Company must have a Registered Office, provided by a Licenced Registered Agent.

Directors

An Anguilla company requires a minimum of one director. Director can be of any nationality and need not be resident in Anguilla. Corporate directors are permitted.

Shareholders

An Anguilla company requires a minimum of one shareholder.

Publicly Accessible Records

No.

Nominee Shareholders and Nominee Directors

Allowed.

Location of Meetings of Directors and Shareholders

Anywhere.

Personal Presence Required

No.

Taxation

Nil.