Anguilla Offshore company what's your opinion?

[lavel]

Need to know what your opinion in regards to the formation of an company in Anguilla?


Is it worth it, how difficult is it to complete and is it possible to open an offshore account for the company once setup?


Please comment with what you know.

 

[JohnLocke]

Depends on what it is you want, as an alternative to the offshore jurisdictions we have discussed here many times and to start a new business it's perfectly fine and similar to other jurisidictions like Belize, Seychelles and so on.

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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​

 

[lavel]

Do you have any insider information Admin. Tax, reporting, accounting etc?

 

[warrior]

Please take a look at the following I found by a simple Google search 😉

Why Anguilla?

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• A zero tax jurisdiction
  
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• A quality tourist destination
  
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• The only jurisdiction with ACORN
  
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• A jurisdiction with excellent telecommunications
  
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• A jurisdiction with no foreign exchange restrictions
  
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• A British Overseas Territory situated in the Caribbean
  
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• A jurisdiction with modern financial services legislation
  
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• A jurisdiction with a broad, reputable, professional infrastructure
  
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• A jurisdiction with a common law legal system based on English law
  
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What are the advantages of Anguilla?

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• ACORN access for registered overseas agents.
  
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• Company "first choice" names normally available.
  
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• No Taxation on wealth, income, capital, dividends.
  
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• No Exchange Controls - US Dollars circulate freely.
  
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• Complete Confidentiality regarding tax and related issues.
  
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• Various accounts serviced by international and local Banks.
  
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• Flexible, modern legislation in a jurisdiction committed to growth.
  
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AN OVERVIEW -- INTERNATIONAL BUSINESS COMPANIES




CORPORATE NAMES: Prohibited names are ones that suggest the patronage of the Royal Family, the UK Government, a political party, a university, or a professional association. Restricted names are ones that the Registrar may consider to be misleading, and include bank, financial, trust, and insurance. Such words can only be used in company names with the express consent of the Registrar. The name of an IBC must end in one of the following: Ltd., Corp, Inc., SA, NV, or GmbH.




MINIMUM CAPITAL REQUIREMENTS: There is no minimum capital requirement, but Government fees are higher for companies with an authorized capital in excess of US$50,000.00




TAXES: There are no taxes or exchange controls on Anguilla.




SHARES: Shares (or fractions thereof) may be issued for any value or consideration, may be transferred in any manner, may be either par value, or no par value, or a combination of par value and no par value. Bearer shares may also be issued, and are transferable by simple delivery.




INCORPORATION: On filing a basic two-page form (i.e. Form 8, The Articles of Incorporation), the company is created with the full capacity of, and all rights, powers, and privileges of, an individual.




TRANSFER OF DOMICILE: Domicile may be relocated into or out of Anguilla.




DIRECTORS: There is no need for more than one director, who may be the sole shareholder, and there is no need for any additional officer to be appointed. Directors may be either an individual or a company; need not be resident on Anguilla; may hold office until death, resignation or replacement; may set their own emolument; may be fully indemnified; may appoint alternatives. Directors have full control over the affairs of the company without the need of additional by-laws to confer particular powers. Directors need not appear on any public record.




RESTRICTIONS: An IBC is restricted from conducting business with persons resident on Anguilla, conducting banking or trust business, conducting insurance or reinsurance business, conducting the business of providing company management services. An IBC may maintain bank accounts, retain professional advisors carrying on business within Anguilla, maintain records, hold meetings, and lease office space.




REPORTING REQUIREMENTS: Neither shareholders nor officers appear on any public record, at any time. A simple, one page, annual return form and associated fees must be submitted on the anniversary date of incorporation. The Registered Office is required to maintain certain basic records (i.e. Articles of Incorporation, By-laws, common seal, share register, corporate minutes and resolutions).

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[lavel]

Thank you warrior, any link to that all information please?

 

[Cyrus05]

Based from my quick google research, I've found numerous websites with articles containing the information of Anguilla Offshore Companies, since you want to have a link, here's a good read

Anguilla Companies: Anguilla Offshore Company Formation - Anguilla IBC

 

[negon]

Thank you for the share.. I will have to get a closer look at this agent.

 

[Cyrus05]

No problem auric, this is the most basic essence of the forum, to share valuable information to others and share the knowledge and experience that we have 🙂