Setting up an Anguilla Offshore Company Formation
- Last updated on . Written by Offshore Protection.
You might also want to read the Anguilla LLC Company Formation page
Anguilla’s International Business Company (IBC) offers potential clients and companies a superior offshore location in a truly tax neutral jurisdiction.
The island offers three offshore company formation products, the IBC being the most popular. It is governed by the International Business Companies Act of 2000
Since 1994, Anguilla has incorporated more than 25,000 companies, making the island a popular destination for offshore services.
A series of modernized international financial regulatory acts were formulated and passed in 2000 that have ensured the continuing commitment of the government in support of making Anguilla a progressive offshore financial market.
The island of Anguilla lies in the Caribbean, a region renowned for its offshore financial services. Another popular offshore company formation product is the Anguilla LLC which offers fantastic asset protection and liability, especially for those with one or more partners.
Anguilla has succeeded in avoiding much of the unwanted attention by international financial regulatory agencies, with business continuing on as usual. The island enjoys political and economic stability together with a well-regulated offshore industry.
The financial services authority boasts of the worlds first online computerized registration system, ensuring an expedient and efficient incorporation processes.
Anguilla offers investors and clients a jurisdiction that maintains an English Common Law system with a modern infrastructure and flexible corporate environment, all of which make Anguilla a treasure in the world’s offshore financial market.
For more information on the Advantages of Anguilla as an Offshore Financial Center, click here.
Table of Contents:
- Advantages Of An Anguilla Offshore Company
- Top Uses
- Key Corporate Features
- Incorporation Packages
- Requirements
- How To Set Up An Anguilla Company
- Company Registration Process
- Corporate Bank Account
- Taxation
- Corporate Details
- FAQ
Advantages of an Anguilla Offshore Company
- A true tax neutral jurisdiction for residents and nonresidents alike
- Restrictions against alienation provisions guarding foundation property from alienation, seizure or sale in the event of bankruptcy or insolvency
- Efficient and quick online registration process
- English Common Law system
- Modern offshore legislation
- Ability to own sea vessels
- Low yearly fees
- Directors and Shareholder information are not made public
- Directors and shareholder names are not filed with the Registers office
- Nominee services are available for an extra added layer of anonymity
- A single owner can be both the sole director and shareholder
- Zero taxes
- No financial reporting requirements
- Corporate flexibility
- An IBC may use a name in any language
Top Uses
- Offshore savings and investments
- E-commerce
- Holding Company
- Asset protection Company
- International trading
- Financial management
Key Corporate Features
Incorporation Packages
Includes:
- Government Registration Fee (First year)
- Registered Office Address (First year)
- Registered Agent Services (First year)
- Company Secretarial Maintenance
- Certificate of Incorporation
- Memo & Articles of Association
- Appointment of 1st Directors
- Consent Actions of the BOD
- Share Certificates
- Register of Directors
- Register of Officers
- Register of Shareholders
- FREE Phone and/or email consultations
Requirements Company Registration
There are few requirements needed in order to register and incorporate an Anguilla IBC. A client must register using an approved overseas agent in which documents are submitted using an online computerized company registry through Anguilla’s Commercial Online Registration Network (ACORN) which provides for an efficient and simple incorporation process.
In order to submit the appropriate incorporation request a client must submit:
- Name of Company
- Physical address
- Valid passport
- Character reference
Setting up A Company
In order to see up an Anguilla company a few documents will be needed:
- Register and secure the name of the proposed company
- Memorandum and Articles of Association
- Certificate of Incorporation
- Appointment of a company director(s)
- Registry of members and directors
- Share Certificate(s)
We can help to prepare and file all documents that you might need.
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Company Registration Process
In order to register a company, this is what the process will look like:
- Step 1 Offshore Protection works with you to secure a company name with the Company Registry
- Step 2 Offshore Protection works with you to get a Memorandum of Association (MOA)
- Step 3 Offshore Protection helps you to prepare and file incorporation documents
- Step 4 Offshore Protection helps to prepare KYC and AML documents needed to open a corporate bank account
- Step 5 Offshore Protection delivers the certificate of incorporation
Corporate Bank Account
You can open a corporate bank account in most countries around the world with an Anguilla company. We have banking connections in dozens of countries, though the ones we recommend will be dependent on your situation as some banks require in-person visits, higher capital, more due diligence, and references, while others have minimal requirements.
We suggest getting in touch for a consultation as there are many variables that go into finding the best place to open a bank account for your company.
Taxation
Anguilla IBC’s as well as individuals, whether a resident of Anguilla or not, are exempt from paying any taxes in the jurisdiction. This makes Anguilla unique in that it is a completely neutral tax jurisdiction. Anguilla IBC’s are exempt from taxes that include, but not limited to:
- Corporate tax
- Inheritance tax
- Gift tax
- Capital gains tax
- Estate tax
Corporate Details
Anonymity, Confidentiality and Disclosure
An Anguilla IBC provides clients with complete confidentiality and disclosure of personal information. Information related to beneficial ownership is kept at the registered office and is not available to public inspection. Names of Directors are not filed with the Register and are only known by the Registered Agent. Anguilla laws safeguard the rights and privacy of an IBC, which guarantees confidentiality, and any breach of such constitutes a crime under Anguilla law. For complete anonymity, nominee services are made available through Offshore-Protection.com for both directors and shareholders.
Company Shares
Shares can be issued as bearer shares, registered shares, with or without par value, voting or non- voting, preferential or common. Shares may be issued in any currency. Shares that are issued as Bearer shares need to be held by a custodian, as such we do not recommend bearer shares, and suggest the use of our nominee shareholder services.
Required Capital
There are no minimum restrictions and no maximum restrictions for required capital. An Anguilla IBC usually authorizes USD $50,000.
Directors
There must be one Director who may be either an individual or a corporate body of any nationality and resident of any country. The shareholder and the Director may be the same individual.
Shareholders
There must be at least one shareholder. The director and the shareholder may be the same individual.
Company Secretary
There are no requirements for an Anguilla IBC to have a secretary
Company Meetings
Company meetings are not required and if they do take place may be anywhere in the world.
Principal Corporate Legislation
- International Business Companies Act 2000
- The Companies Act 2000
- The Limited Liability Company Act 2000
- The Limited Partnership Act 2000
- The Trust Companies and Offshore Banking Act 2000
Type of Law
English Common Law with local statues
Trading Restrictions
An Anguilla IBC is restricted from doing business with residents of Anguilla, own real estate, conduct business in banking, trust, insurance or provide company management services unless the appropriate license is granted.
Exchange Controls
There are no foreign exchange controls with the US dollar being allowed to circulate freely within the economy.
Powers of the Company
An Anguilla IBC has all the rights and power of a natural person
Language of legislation and Corporate Documents
English
Registered Office Required
Yes. A registered office is required for an Anguilla IBC. Details of the Directors and shareholders must be kept at the local office as well as the Articles of Incorporation, adequate financial records and company seal. All records and financial information are not open to the public.
Local Presence
No. There are no local presence requirements.
Audit Requirements
No. There are no audit requirements for an Anguilla IBC
Annual Reporting
There are no annual reporting requirements for an Anguilla IBC. Although it is necessary that the company maintains adequate financial records that reflect the financial standing of the company.
Financial Statements Required
In is not necessary that the company submit and financial statements, though a company must maintain financial records and must be made available if required by the Register. The Register is not available to public access. The Articles of Incorporation, Certificate of Incorporation and the Register of shareholders and directors must be kept in the local office at all times.
Shelf Companies available
Yes, Shelf Companies are available in Anguilla.
Time required to form offshore company
1 Business Day
Name Restrictions
The name of an Anguilla IBC may not used a word or phrase that suggests patronage of the Anguillan or UK government, political party, including all words that are seen as objectionable by the Register, which includes but is not limited to words such as: Government, National, Royal, Republic, Commonwealth or Anguilla
Language of Name
The name of an Anguilla based IBC may be in any language using any alphabet.
Names of Company requiring a special licence or permission
An IBC may not use words or phrases that include but are not limited to: bank, chamber of commerce, trust, assurance.
Permitted limited liability suffixes
An Anguillan IBC must contain one of the following limited liability suffixes: Ltd, Corp, Inc, SA, NV or GmbH.
Access to Double Tax Treaties
Anguilla has not signed any Double Tax treaties
Minimum Government Annual Fee
USD $200
FAQ
Why do businesses register a company in Anguilla?
Businesses register a company in Anguilla because international corporate structures provide asset protection and tax reduction possibilities that are found only in non-resident legal structures. Anguilla offers both a safe and stable jurisdiction with a favorable tax regime for non-resident companies giving companies a business-friendly corporate environment.
The government and regulatory bodies seek to attract regional and international businesses by providing business-friendly policies to attract investors and entrepreneurs into the country.
How much does it cost to start a company?
Anguilla company registration costs vary, which is why we do not include them on our website. Prices depend on the legal and corporate services required, as well as secretary, auditing and signatory services which are often needed (though not always) if you are incorporating a non-resident company.
Registration and incorporation fees for 1st-year companies vary anywhere from 1000-5000USD with 2nd-year fees ranging anywhere from 500-2000USD. However, even these figures are not always the case, as all of this depends on the services required, so beware of any service provider that states their fees exactly, as you will be disappointed in seeing that number change. Get in touch for a price quote.
How to set up a company?
In order to set up an offshore company in Anguilla, you need to fulfill the necessary requirements which mean: (1) pay registration costs (2) get your company name approved (3) submit company documents (Articles of Incorporation, Memorandum of Association etc...) (4) appoint a director(s)/member(s) and (5) get a registered office and secretary if applicable.
Once your company is formed you can open a corporate bank account which will require KYC and AML verification. All of the steps above can be done virtually, except some countries do require physical in-person visits in order to open a bank account. Get in touch to know the details, as this changes regularly. Once all these steps are completed you will have the incorporation documents sent to your physical address.
Can I open a business bank account for my company?
Opening a business bank account is definitely possible and is one of the main reasons why businesses open a foreign corporation in the first place. However, it often can be the most challenging part of any offshore incorporation process because of the requirements and documents needed in order to satisfy Anti Money Laundering (AML) and Know Your Customer (KYC) laws.
That being said, some jurisdictions are harder than others and we will assist you through the entire process.
Can Offshore Protection create a company for me?
Yes, we can! Offshore Protection has been establishing companies around the world for nearly three decades. We have engaged in client legal and corporate services, including opening companies, offshore trusts, getting financial licenses, and accounts in dozens of countries around the world. Get in touch to find out more.
Anguilla Business Company Incorporation with Offshore Protection
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