Why incorporate in Anguilla?
Anguilla is one of Britain’s Overseas Territories in the Caribbean and as such it enjoys a high degree of political stability. All political parties are strongly committed to the growth of Anguilla as a quality financial services centre. It is one of the most northerly of the Leeward Islands in the Lesser Antilles, lying east of Puerto Rico and the Virgin Islands and directly north of Saint Martin. Anguilla has become a popular tax haven, having no capital gains, estate, profit or other forms of direct taxation on either individuals or corporations.
Although the country is essentially self governing, its legislature is the democratically elected House of Assembly. The Constitution gives the British appointed Governor certain fundamental reserve powers. All legislation must be assented to by the Governor as H.M. The Queen’s representative.
Government and Infrastructure
The significant growth in Government revenues earned from the financial services sector over the last few years is a testament to the success of the policies to date. Anguilla is well positioned as a major player in the international arena.
The professional infrastructure is well developed, with major accounting firms represented on the island. The telecommunications system is of a world standard providing direct access worldwide.
Anguilla is a common law jurisdiction. Its judicial system is administered by the Eastern Caribbean Supreme Court the appeal process culminates with the Privy Council. The Court system is serviced by a number of firms of fully qualified and experienced lawyers.
Anguilla has progressive legislation in place which protects the privacy of offshore clients, offshore bank accounts and offshore business entities. The Anguilla offshore banking Act of 2005 states that, no bank employee or Central bank agent can give away information pertaining to an offshore bank account without the consent of the bank accountholder. Penalties for going against this law are a monetary fine a term of imprisonment. Information about the beneficial owners of International Business companies cannot be given out. If this is done it is considered an offense and perpetrators are punishable.
An IBC in Anguilla is based on the traditional model and represents excellent value for money, with rapid incorporation and substantial flexibility as to company name. With the trust and company legislation recently modernized, the country can continue to provide a service and product equal to that elsewhere. Companies that are incorporated in any other jurisdiction may be continued in Anguilla as an IBC.