Anguilla Offshore Company Formation

All international business companies (IBC) in Anguilla must have an Anguilla Registered Office and Anguilla Registered Agent. According to government regulations, all details about the company, including its directors and shareholders, must be kept at your Anguilla Registered Office as well as the Articles of Incorporation, complete financial records and the company seal. All records and financial information of your company are kept confidential and non-public as protected by Anguilla's confidentiality regulations.

Anguilla also requires all IBCs to have an Anguilla Registered Office for the duration of their existence on the register of companies and to operate in Anguilla. Furthermore, the person providing your company's office must have the necessary license to this service to avoid cases of illegal practice. When your Anguilla Registered Office provider no longer holds the license, your company is required to change its previously registered headquarters and immediately notify the Anguilla Registry.

An Anguilla Registered Agent representing your IBC, who is responsible for signing and filing the Articles of Incorporation, must meet the following requirements as prescribed by the Anguilla government:

• Over 18 years old.
• Must not have any criminal record.
• Financial status must not be 'bankrupt'.

A meeting of shareholders or Annual general meeting is a gathering of a company's shareholders who are concerned about said company’s business activities and performance. The directors present a report detailing the company's past activities, its performance and any strategic plan for the future at these meetings. In addition, if there are any big changes such as new appointments to the board of directors, amount of dividend, or audit, the shareholders can vote on said issues.

The most widely used form for registering a company in Anguilla is the International Business Company (IBC). The IBC offers full foreign ownership, tax-free status for offshore operations, and the least amount of legal formalities.

It starts with the name of a unique company name which you reserve. You will then need to appoint an Anguilla licensed registered agent, who will handle all the documents associated with the incorporation and provide you with a local registered address.

The necessary documents are the Memorandum and Articles of Association, director and shareholder information, and KYC documents like passports and proof of address. After they are submitted to the Financial Services Commission on your behalf by your agent, the company will be checked and approved provided that all conditions are fulfilled.

Once filed, you can open a corporate bank account in your company records. There is no financial reporting or audit of IBCs in Anguilla, but you must renew the company annually and maintain a valid registered address through your agent.

According to the Anguilla International Business Companies Ordinance, the company have total freedom to decide on when, where and how to conduct an annual general meeting. Therefore, unless requirements of Anguilla company, there is no need to hold an annual general meeting. And if they want to, the meeting can be held anywhere in the world. It does not have to be inside Anguilla.

The Ordinance also states that the directors can gather and meet at their own conveniences. Similarly, there is no obligation to hold any meeting of directors. And in case the board wants to conduct one, they can do it at any location globally and through the use of electronic devices if they want to.

Yes. Both annual general meeting can be held anywhere in the world, at any time and in any manner that is convenient to the company. Depending on which jurisdiction the company is incorporated in, the rules of meeting of shareholders may vary. These are usually outlined in the laws of incorporation, memorandum, and articles of association for both public and private companies. These rules can detail how many days in advance shareholders must be notified of an upcoming meeting of shareholders or how to do the vote by proxy.

In Anguilla, when the company is incorporated, there should be the first meeting of shareholders and meeting of directors. During these first meetings, it can be freely agreed upon the way the future’s meetings will be conducted. This makes Anguilla a very convenient environment to start a business in.

The meetings of directors and shareholders of an Anguilla IBC can also be held by written resolution. These are all up to the company’s decision. The rules of meeting of shareholders can be decided in the laws of incorporation, memorandum, and articles of association when the company is incorporated. If it is convenient or if the owner of the company wishes for it, the meeting can be done in any legal way then want even by written resolution.

In Anguilla, it is perfectly legal and this makes this jurisdiction suitable for all types of business owner and director.

Anguilla is a tax haven in its truest sense. This British Overseas Territory offers the lowest tax rates in comparison to international standards. In particular, Anguilla income tax rate and corporate tax rate is 0% for both its residents and non-residents. In addition, other Anguilla taxes such as capital gains tax, inheritance tax, and gift tax are exempt for every company conducting business here. In order to manage the highly competitive tax rates, Anguilla’s government relies on custom duties and luxury tourism as the main incomes of the territory.

Being a reliable tax haven, Anguilla also provides businesses with nominee services without having to worry about the financial auditing or reporting process, along with another degree of confidentiality and privacy to an already exceptional offshore environment.

In Anguilla, Limited Liability Company (LLC) and International Business Company (IBC) are two of the most popular business structures. Both apply the same favorable tax rates, specifically:

• Corporate tax rate: 0%
• Income tax rate: 0%
• Inheritance tax rate: 0%
• Gift tax rate: 0%
• Capital gains tax rate: 0%
• Estate tax rate: 0%
• Stamp duty rate: 0-5%.
• Property tax rate: 0.75%
• Land transfer tax rate: 5%

When starting a business in Anguilla, specific business licenses and permits are required by the law. The process of obtaining a business license in Anguilla may consume lots of time and effort from business owners.

The application for a business license in Anguilla for overseas investors normally include:

• A filled out application
• Business plan
• Qualifications
• Certificates and Articles of Incorporation
• Police record within 6 months, passport
• Provide at least 3 Character References or Testimonials other than your family members.
• Statement of Financial Ability/ Bank Letter
• A Due Diligence with your passport information.

Your application will be submitted to the Ministry of Finance for approval. Once the application is approved, the required Anguilla business license fees will be paid to the Inland Revenue Department (IRD). Upon receipt of payment, IRD issues a business license, which allows you to run your business legally in Anguilla.

By seeking advice and support from One IBC, getting an Anguilla business license will be much faster and easier. Contact us to learn more about incorporating and obtaining a business license in Anguilla.