- Audit obligation: No
- Continent: America
- Disclosure of beneficial owners: No
- EU VAT ID available: No
- Local manager required: No
- Minimum paid-up capital: USD 1
- Obligation to submit an annual report: No
- Tax system: Fixed taxation
Anguilla is located in the Caribbean and is classified as an overseas territory of Great Britain. Thanks to the British jurisdiction, Anguilla enjoys a high reputation all over the world.
It is one of the most northerly of the Leeward Islands in the Lesser Antilles, lying east of Puerto Rico and the Virgin Islands and directly north of Saint Martin. The island’s capital is The Valley. Anguilla is a popular no-tax jurisdiction, there are no capital gains, estate, profit or other forms of direct taxation on either individuals or corporations.
Although it is not one of the most well-known jurisdictions for offshore company registration, it offers a wide range of opportunities for the companies registered there. There is no corporate tax, that is, companies do not need to pay tax on their profits. This is why Anguilla is widely known as a fixed taxation location as companies only need to pay a small amount of tax every year specified in advance, which does not depend upon the profit they make. Apart from this fixed tax, companies have no other tax liabilities. The offshore status of companies registered in Anguilla is also irrespective of where they carry out their operations. Since companies registered in Anguilla do not need to pay taxes on their profits, they do not need to submit an annual report or a tax return to the local authorities either.
In addition to the favourable tax environment, the flexibility of the local regulations is also a major advantage when it comes to registering and operating a company there. Offshore companies are registered electronically. The equity of the business must be at least USD 1, which must be paid up by the shareholders. The company is only required to have one manager and one shareholder, who can also be foreign persons. There are no restrictions on whether they should be legal entities or natural persons. The data of the manager and the shareholder are not recorded by the local court of registration. The company must have an address in Anguilla, which is its official address. The company documentation does not need to be stored at company headquarters. The company is entitled to transfer its official address to another country at any time. Shares of Anguilla offshore company can be issued with or without par value and shares can be issued in any major recognizable currency.To date, Anguilla has registered over 25,000 IBCs.
Benefits of Anguilla company formation:
– A sole owner can be director and shareholder
– Where there are two or members, a director can also be a shareholder
– Local members not required to incorporate the company
– Corporate directors and shareholders are permitted
– No requirement for a secretary
– Business-friendly rules for name endings: Inc., S.A., A.G., Co. Ltd., name endings can be in foreign languages also (even in Chinese)
– IBCs may leave Anguilla and continue into another jurisdiction
– Preparation of M&A, Minutes, share certificates etc. required
– All relevant documentation remains at the registered office only.