Establishing a company in Anguilla

Anguilla is a northerly island in the Caribbean Sea, situated east of the British Virgin Islands. It has been under the rule of the English since the mid-16th century, and despite colonial struggles and attempts to declare the island an independent territory outside British jurisdiction, its 15,000 residents yet remain part of British overseas territories. The laws of Anguilla are still largely British in origin, although some amendments and adaptations have been made, and the official language is English – a fact that simplifies the registration of foreign companies.

Anguilla offers visitors a warm, tropical climate, virginal beaches and gourmet restaurants with all the local seafood specialties. Around the island there are several small uninhabited islets. Visitors can take the ferry to the neighboring island of Saint Martin, a hot tourist attraction spot.

The government of Anguilla is a stable parliamentary democracy. As the soil is unsuited for agricultural development, island economy is founded on a very developed tourism industry, as well as taxation and advanced banking services that encourage foreign company registration. The currency is the East Caribbean dollar and USD.

  • The island spans 96 km2 and does not rise beyond 65 meters above sea level.
  • The Cap Juluca resort in the north of the island is a preferred vacation destination for celebrities and Hollywood stars.

There are many benefits to registering a foreign company in Anguilla, particularly in areas of taxation and reporting, as direct taxation rates (including corporate tax, income tax and capital gains tax) are 0%. Offshore companies are not required to submit financial reports to the authorities (although they are required to prepare and store reports in their archives). Additionally, companies there enjoy a great deal of discretion, as information regarding company office holders and directors are not included in the Anguilla company registrar logs, and kept instead by a locally appointed agent that must maintain company confidentiality.

General Information


Type of company

IBC – International Business Corporation

Relevant Companies Law

International Business Companies Act, 1990, amended 2000

Offices

Law requires companies to provide a local office address

Language of original incorporation documents

English

Finance and Taxation


Currency

XCD

Corporate tax rate

0%

Standard share capital

50,000 USD in nominal value shares of 1 USD

Office Holders


Company Secretary (Secretary)

 
Obligation to appoint company secretary

Not required – company may appoint a secretary

Obligation to appoint local secretary

Not required

Type of entity that may function as company secretary

Individual and/or company

Director

 
Obligation to appoint company director

Required

Obligation to appoint local company director

Not required

Minimum number of directors

1

Type of entity that may serve as company director

Individual

Shareholders

 
Obligation to register shareholders

Required

Obligation to register local shareholders

Not required

Minimum number of shareholders

1

Type of entity that may register as shareholder

Individual and/or company

Type of shares

Registered shares

Accessibility of Information


Company registrar

Information regarding office holders is not accessible to the public

Annual Assembly and Reporting


Obligation to hold annual assembly

Not required

Obligation to prepare financial reports

Required

Obligation to submit financial reports

Not required

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