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 stabality with a well-regulated financial services industry. This island of 35 square miles is home to a population over 16,000 peaple who are predominantytly Afro- Caribbean and is situated just over one hundred miles east of Puerto Rico, close to the British Virgin Islands.
One of the more commendable featues about Anguilla’s company registration system is the 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.
Anguilla is a common law jurisdiction, supplementd by local statutes enacted by the local House of Assembly. In 1994, wih the British Government’s technical assistane and funding, corporate and financial legistration was enacted with amendments made at the end of 1998, 2000 and in 2006 when the Custody of Bearer Shares Regulations were introduced. Now business incorporated in Anguilla are governed by either the Companies Ordiance 1994 or the International Business Companies Act (amended in 1998 and 2000)
Anguilla is a neutral tax jurisdiction, with all companies registerd benefiting from Anguilla’s zero-tax situation.
Chinese character names are permitted and can be included on a company’s Certificate of Incorporation.
IBCs are requried to have at least one director, which can be individual or company. A company secretary is not mandatory, and there is no requirement for this office or the office of director to be held locally.
IBC s may purchase or redeem their own shares. Meeting do not have to be held in Anguilla and can be done so via telephone or other electronic means. The minimum number o shareholders required is one with both registered and bearer shares being permitted. As set out in the Custody of Bearer Shares Regulations, all bearer shares of an IBC incorporated before 23 November 2006 must be converted to registered shares or passed to a custodian on or before 31 December 2010. An IBC incorporated on or after 23 November 2006 that issues a bearer share shall deliver the share to a custodian who has agreed to hold the share. 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 generelly more preferable over ordinary resident companies when it is not intended to carry out out business in Anguilla because of there ease of information and the limited reporting requirements.
The professional infrastructure is well-developed, with major accounting firms, numerous legal practices and bank represented on the island. Comunications facilities an Anguilla are well-developed with international direct dialing, cellular connections, fax, modem, internet and dedicated email service lines available.
One IBC can incorporate a company with your choice of name and confirm the availability of names in advance. All compamies are provided with a complete company kit, including share certificates, four copies of the Articles of Incorporation and By-Laws, statutory registers, common seal, company chop and certificate of guarantee of quality. In addition, One IBC can assist clients in abtaining certificates of good standing and other certificates of corporate existence, as well as other relevant post incorporation services.