Anguilla Company Formation
Benefits of an Anguilla International Company Formation
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Excellent reputation of the British Overseas Territory (BOT)
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Fast and easy company registration & renewal process
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No taxes to pay or profits to declare
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Strong privacy provisions including bearer shares permission
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Possible to use foreign names including those in Chinese
Why Set Up Anguilla Company? from £1,295.00
Anguilla is one of the leading financial centres globally. As a British Overseas Territory, Anguilla is able to offer the most favourable conditions to international businesses and asset owners. One of the country’s latest achievements is the Anguilla Commercial Online Registration Network (ACORN), which provides facilities for the quickest incorporations and corporate filings. The ACORN executes functions of the Anguilla company registry that is now fully digitalised.
Licensing Benefits in Anguilla
Apart from regular international trade or asset holding, Anguilla issues offshore licences to businesses that provide money services, such as money transmission, payment instrument operations and currency exchange services. As of 2018, an Anguilla offshore company can be involved in crypto businesses with the adoption of the Anguilla Utility Token Offering Act. This act allows for the licensing of two categories of service providers involved in utility token offerings, namely the utility token offering administrator and utility token offering issuer.
Anguilla company incorporation is suitable for those businesses that would prefer to be incorporated in a British Overseas Territory, but steer clear of the popular British Virgin Islands and the Cayman Islands.
Glenmuir can assist with Anguilla company formation and opening a bank account for such a company.
Taxation of Anguilla Company
Local taxes applicable to the company
Anguilla is a classic zero-tax jurisdiction with no direct taxation of any kind on corporations. This means that the effective rate of 0% is applicable to corporate income tax, withholding tax, capital gains tax and other taxes. Instead of these, an International Business Company (IBC) pays annual government fees through its registered agent.
Anguilla is the British Overseas Territory (BOT), which means that the companies formed there enjoy an excellent reputation and up-to-date regulation at all levels. Major accounting firms, several law practices, and banks are represented on the island of Anguilla, which boasts a well-developed financial and legal centre.
Other information on Anguilla taxation
Since there are no taxes in Anguilla, no reporting is required. Therefore, Anguilla company formation is the best way to reduce administrative and taxation expenses.
Anguilla has introduced a separate residence programme for individuals who can also benefit from the zero-tax regime if they meet certain criteria.
No value-added or sales taxes are applicable in Anguilla. No currency control is applicable in Anguilla.
Corporate Legislation in Anguilla
The legal system, including the Anguilla Companies Act, is based on English common law and modern statutes. This provides flexibility for corporate structuring as the jurisdiction recognises trusts, and shareholder agreements can be regulated by English law.
The court of final appeal is the Privy Council in London. Judicial precedents established in England and other common law countries can be recognised in Anguilla’s courts. Consequently, Anguilla offshore company formation offers not only the opportunity to benefit from relaxed regulation but also the possibility of using English law for the company’s structure.
Anguilla’s government is constantly updating its legislation. The latest update, which comprises the most modern legal provisions, took effect in 2019.
The Company Registration in Anguilla Package Includes the Following Company Documents:
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Certificate of Incorporation issued by the Registrar of Companies
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Articles of Incorporation stamped by Registrar of Companies
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By Law stamped by the Registrar of Companies
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Resolution of appointment of first directors
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Register of directors
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Register of shareholders
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Minutes of first meeting of directors
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Share Certificate for each shareholder
** Payment Plan Also Available For New Incorporations
