Anguilla Company Formation

Tax and financial benefits.
Companies do not pay taxes (income, profit, growth) and are not required to keep financial statements, only pay an annual fee. There is also no mandatory annual audit.

Data protection.
Information about the activities of an international company, its founders, managers is not publicly available. Access and inspection of registers can be done by the Financial Services Commission. Information must be disclosed at the request of other jurisdictions or by court order.

Optimal requirements.
Company Registration in Anguilla is a quick procedure that is done through ACORN. The mandatory requirements for the establishment of an international business include one managing director and one shareholder (no residency requirements, can be either an individual or a legal entity). There are also no obligations regarding the meeting of shareholders, or directors.

Despite these tax concessions, there are still requirements in The Anguilla Business Companies Act that are mandatory:

Company name
The law requires the company name to end with Ltd, Corp, Inc. It is forbidden to use words indicating a connection with the royal family, or government.

Legal address.
There must be an agent and a local office. Data about the company, manager, and beneficiaries are kept on these premises.

Organizational structure.
The company must have at least one director and one investor (legal entity or individual), a secretary is not required.

Initial capital.
The minimum amount of 000 or the equivalent in another currency.

Prohibition on cooperation.
International companies may not conduct business with residents of Anguilla, as well as carry out banking or insurance activities, and real estate transactions.

The list of required documents includes:

Passports of the founders and managing director, confirmation of their residency.

• Confirmation of appointment of a director.
• Memorandum, Articles of Association.
• Confirmation of the legal address of the organization.
• Letter indicating the place of safekeeping of financial statements and registers.
• Shareholders’ resolution on the issue of shares.

Businesses in Anguilla prefer to choose among these types of companies:

• International Business Companies (IBC);
• Limited Liability Companies (LLC);
• Limited Liability Partnerships (LP).

The most popular structure for business has become the IBC form, it provides a lot of privileges, such as the absence of taxes, keeping financial records, and hiring residents.
Businesses open companies in this jurisdiction to:

• Optimizing taxes.
• Conducting trade, and e-commerce.
• IT business.

Also, the advantage is that the share capital is only $50000 and there is no restriction on issuance of share class.

Legislation in Anguilla is updated and changes are constantly being made for the successful operation of international business.
The basis for regulation was the following regulations:

The law prohibits IBC from banking, insurance, and real estate leasing.
The legislation of Anguilla is based on English law, which gives advantages in resolving shareholder disputes and regulating the structure of the company.

Anguilla is a tax-free zone. Companies do not pay taxes on profits, income, capital gains, or real estate.
According to Briefing NOTE, trusts, and partnership profits are also not taxed.