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Anguilla Company Formation

Anguilla Company Formation

Anguilla, a small island in the Caribbean, has created a truly paradisiacal business environment. Anguilla Company Formation is one of the approaches to optimize tax and administrative costs. Fast Offshore Licenses professionals will assist you in choosing a company structure, its quick registration, and, if necessary, in obtaining a license.

Anguilla is considered a British Overseas Territory of Great Britain, where English law is established, which facilitates the procedures for resolving disputes between shareholders. International anti-money laundering and anti-fraud procedures are strictly adhered to here. The country is a member of the CARICOM trade and economic union.

This jurisdiction attracts businesses with its tax-neutral position, absence of restrictions on trade and currency exchange, economic stability, and developed financial system.

Anguilla company registration, of any type (IBC, LLC, LP), can be done quickly from anywhere in the world online thanks to the Commercial Online Registration Network (ACORN).

The Anguilla Business Companies Act, 2022 (ABC Act) is the main law that sets out the mechanisms, and key requirements for the establishment of a company and its operation.

Advantages of Company Registration in Anguilla

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.

Requirements for opening a formation in Anguilla

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.

Service packages for registration in Anguilla

All services from the Basic package
Nominee shareholder
Nominee director

All services from the Essential package
Assistance with bank account opening

Personal consultant with individual approach
Company name of choice
Registered Agent for 1 Year
Registered Office for 1 Year
Basic corporate documents

Сonsultant

Eugen Fomin

Phone +6531596549
Email e.fomin@fastoffshorelicenses.com
Position
Paralegal, Consultant

Process for Opening a Company in Anguilla

This jurisdiction has created all the conditions for quick business registration with minimal requirements for a package of documents:

Select a name

Check the chosen name in the Registry of Companies. The name should be unique and not be repeated with existing ones, also do not have words related to the royal family or the government.

Gather all the data

To apply for company registration form the following set of documents (in English):

Passports of the founders and directors and confirmation of their place of residence.
Confirmation of the legal address of the company.
Memorandum, articles of association.
Minutes of the shareholders’ meeting.
Order on appointment of a director.

Submission of the application

The online application is completed using the Commercial Online Registration Network (ACORN).

Process for Opening a Company in Seychelles

Documents required to register company in Anguilla

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.

Types of companies in Anguilla

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.

Anguilla Companies Legislation

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 Anguilla Business Companies Act (ABC Act).

Limited liability companies (amendment) act, 2023.

Companies Act, 2022.

Companies Regulations, 2022.

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.

Taxation in Anguilla

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.

FAQ about a Company formation in Anguilla

How do I set up a company in Anguilla?

ACORN (Commercial Online Registration Network) has been specially developed here, through which documents and applications can be submitted online from anywhere in the world.

How much does it cost to set up a company in Anguilla?

The cost to set up a company depends on the type of company chosen and the fee is set out in the Companies Regulations, 2022.

How long does it take to register a company in Anguilla?

The time it takes to register a company in Anguilla is 2-3 days, thanks to the automation of the system.