Anguilla company registration

DOING BUSINESS IN ANGUILLA IN 2018

Since 2003, Healy Consultants Group PLC has assisted our Clients with starting their company in Anguilla. Our services include i) Anguilla international business registration, ii) government license registration, iii) international or Anguilla business bank account opening, iv) employee recruitment strategies, v) visa strategies and vi) office rental solutions.

Summary table of Anguillacompany registration

SummaryTax-resident LLCLegally tax exempt IBCForeign exchange companyFoundationTrust
Also known asOnshore companyOffshore companyForex companyPrivate foundationTrust
Best use of company?All products and servicesInternational tradingCurrency exchangeEstate planningWealth protection
How soon can you invoice Clients/sign sales contracts?2 weeks2 weeks4 weeks4 weeksNot allowed
How soon can you hire staff?2 weeks2 weeks4 weeks4 weeksNot allowed
How soon can you sign a lease agreement?1 week1 week1 week1 weekNot allowed
How long to supply corporate bank account numbers?2 months2 months2 months2 months2 months
How long to supply company registration/tax numbers?2 weeks2 weeks4 weeks4 weeks4 weeks
Corporate tax rate on annual net profits?0%0%0%0%0%
Limited liability entity?YesYesYesYesNo
Government grants available?YesYesYesYesNo
Government approval required for foreign owners?YesYesYesYesYes
Resident director/partner/manager/legal representative required?YesYesYesYesYes
Minimum paid up share capital?US$1US$1US$1US$10,000US$1
Can bid for Government contracts?YesYesYesYesNot allowed
Corporate bank account location?ScotiabankFirst Caribbean International BankNational Commercial Bank of AnguillaRoyal Bank of CanadaMaduro and Curiel's Bank
Can secure trade finance?YesYesYesNoNo
VAT payable on sales to local customers?0%0%0%0%Not allowed
Average total business set up engagement costs?US$7,950US$7,950Request a proposalRequest a proposalRequest a proposal
Average total engagement period?1 month1 month1 month1 month1 month

Anguilla company registration summary

Press the link headings below to read detailed, relevant, up to date information.

  • Advantages of Anguilla company registration

    Register new company in Anguilla

    1. If properly structured, Anguilla company can legally house international tax-exempt profits;
    2. Up to 100% foreign corporate ownership is permitted. A minimum of one shareholder and one director is required for Anguilla companies, but they need not be residents in Anguilla. Corporate shareholders and directors are permitted. Following registration, shareholders and directors’ details are not available on a public register;
    3. Anguilla entity is cost effective and fast, as there are no minimum capital requirements;
    4. It is not necessary to submit an annual tax return or financial statements to the government;
    5. It is easy to open global corporate bank accounts to support the Anguilla company. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered, and Citibank to provide corporate bank account services;
    6. An Anguilla company can perform all business activities under one commercial license through a doctrine of “ultra vires.”;
    7. Anguilla is a lesser known UK territory with a highly regulated financial services industry. Consequently, fees, services and real estate are cheaper than the provinces of Isle of Man or BVI. Financial services companies based in Anguilla benefit from the island’s reputation, British company law, and being in the same time zone as New York markets;
    8. Anguilla’s legal system is not complicated since it is based on the English law;
    9. The government promotes Anguilla as having world-class telecommunications services, hoping to make it an attractive center to conduct IT-related businesses, which are continually growing;
    10. There are no foreign exchange control restrictions in Anguilla.
  • Disadvantages of Anguilla company registration

    1. The lack of public registers makes proof of ownership challenging. Anguilla entity is therefore not recommended for high profile trading operations;
    2. Anguilla agrees to cooperate with the Organisation for Economic Cooperation and Development (OECD) and share information on bank account holders at Bermudan banks with account holders’ governments;
    3. Anguilla companies might be deemed to be of low credibility due to the nation’s reputation as a tax haven;
    4. All business licenses must be renewed at the end of the year since they are valid until December 31st of the year received;
    5. The import duties of Anguilla are relatively high as they range between 15% and 25%.

Company registration

  • Time to incorporate: Two weeks
  • Cost to set up: US$7,950
  • Minimum capital: US$0
  • Physical office required: No

Required appointments

  • Shareholders: 1
  • Directors: 1
  • Company secretary: Yes
  • Resident director: No

Key facts

  • Corporate tax rate: 0%
  • Corporate tax base: Territorial
  • Shelf companies: Unavailable
  • Main company type: Offshore business company

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Contact us

For additional information on our company registration services in Anguilla, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Seth Ochieng, directly: