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ANGUILLA COMPANY
ANGUILLA INTERNATIONAL BUSINESS COMPANY |
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BACKGROUND |
Instant incorporation
24 hours a day, 365 days a year
Electronic filing of statutory documentation
Tax neutral jurisdiction
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GENERAL INFORMATION OF ANGUILLA |
Anguilla, which was
formally separated from St. Kitts and Nevis in 1981,
is a dependent British overseas territory that
enjoys a high degree of political and economic
stability with a well-regulated financial services
industry. This island of 35 square miles is home to
a population of just over 10,000 people who are
predominantly Afro-Caribbean and is situated just
over one hundred miles east of Puerto Rico, close to
the British Virgin Islands.
One of the more commended features about Anguilla's
company registration system is Anguilla Commercial
On-line Registration Network (ACORN), which went
live in 1998. It is able to facilitate the
incorporation of companies such as International
Business Companies (IBCs) and Limited Liability
Companies (LLCs) 24 hours a day, 365 days a year,
from anywhere in the world via the internet through
licenced company managers and trust companies
together with their approved overseas agents. |
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LAW AND TAXATION |
Anguilla is a common
law jurisdiction, supplemented by local statutes
enacted by the local House of Assembly. In 1994,
with the British Government's technical assistance
and funding, corporate and financial legislation was
enacted with amendments made at the end of 1998, and
again in 2000. Now businesses incorporated in
Anguilla are governed by either the Companies
Ordinance 1994 or the International Business
Companies Act (amended in 1998 and 2000).
Anguilla is a neutral tax jurisdiction, with all
companies registered benefiting from Anguilla's
zero-tax situation. Moreover, Anguilla does not
distinguish between local and offshore companies.
Together these points make Anguilla a very
attractive location to financial services
professionals. |
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CORPORATE REQUIREMENTS |
Chinese names are
permitted and can be included on a company's
Certificate of Incorporation.
IBCs are required to have at least one director,
which can be a person, company, trust or
partnership. A company secretary is not mandatory,
and there is no requirement for this office or the
office of director to be held locally. IBCs may
purchase or redeem their own shares. Meetings do not
have to be held in Anguilla and can be done so via
telephone or other electronic means. The minimum
number of shareholders required is one with both
registered and bearer shares being permitted. All
companies must have a Registered Office and a
Registered Agent in Anguilla. IBCs do not have to
file any annual returns, only an annual fee needs to
be paid. Details of directors and shareholders are
not on any public record, however, these details
must be kept at the Registered Office of the
company.
Although Anguilla ordinary resident companies can be
used for offshore purposes, IBCs are generally more
preferable over ordinary resident companies when it
is not intended to carry out business in Anguilla
because of their ease of formation and limited
reporting requirements. |
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LOCAL INFRASTRUCTURE |
| The professional
infrastructure is well-developed, with major
accounting firms, numerous legal practices and banks
represented on the island. Communications facilities
in Anguilla are well-developed with international
direct dialling, cellular connections, fax, modem,
internet, and dedicated email service lines
available. |
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COLVASS SERVICES |
We can incorporate a
company with your choice of name and confirm the
availability of names in advance. All companies are
provided with a complete company kit, including
share certificates, 5 copies of the Articles of
Incorporation and By-Laws plus an electronic copy on
CD-ROM, statutory registers, common seal, company
chop and a certificate of guarantee of quality. In
addition, we can assist clients in obtaining
certificates of good standing, registered agent
certificates and other certificates of corporate
existence. We do not provide corporate management
services but would be pleased to introduce you to
other professional firms which do.
Through our Group's Company Management Licence in
Anguilla, we provide the necessary ongoing services
as Registered Office and Registered Agent for all
companies that we incorporate. We would also be
pleased to provide such services to other
Anguilla-incorporated companies. |
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REGISTRATION AND MAINTENANCE FEES
Registration Fee (inclusive of first year annual fee)
Our registration fee for a company with a share capital less than US$50,000 is US$800 exclusive of delivery charges. The fee covers first year licence fee, first year registered agent fee and first year registered office fee.
Maintenance Fee
Annual maintenance cost for second year onward is US$700.
Other Fees (Optional)
Certificate of Good Standing: USD150
Certificate of Incumbency: USD150
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