General Information
Anguilla, the most northerly of the Caribbean Leeward Islands, has a landmass of 91 sq km and was originally inhabited by, and was an important home island to, the Arawak Indians, an indigenous Caribbean race.
Anguilla supports a population estimated at 15,094. The Island is generally flat with occasional rainfall, but has the finest powder white sand beaches in the Caribbean. The official language is English; the primary industries are tourism (featuring numerous world class resorts and restaurants, catering to high net worth individuals from the United States, Europe and Latin America), financial services, boat building and fishing.
Infrastructure and Economy
Anguilla is located approximately one and a half hours south east of Miami, Florida, or four and a half hours south east of New York City. Communications facilities on Anguilla are exceptional, and expanding. International direct dialling, cellular connections, fax, modem, Internet, and dedicated e-mail service lines are all available.
Language
The official and spoken language is English.
Currency
Eastern Caribbean ($EC) dollar and $US dollar.
Exchange Control
There are no Foreign Exchange controls, and the US dollar circulates freely throughout the economy. Bank accounts can be maintained in US dollars in either personal or corporate savings accounts, checking accounts, CD’s, or other investment instruments.
Type of Law
Anguilla’s legal system is based upon English Common Law, with local modifications. The judiciary in Anguilla is independent of the Executive and Legislative branches, and is fully independent of political influence. Anguilla has, since 1992 (and specifically in 1994), introduced and adopted numerous pieces of modern financial service legislation. These laws were drafted with the involvement of all elected legislators, with the advice of the private sector practitioners, and the consent of British Government representatives.
Powers of a Company
An International Business Company has the full capacity of, and all rights, powers, and privileges of, a natural person.
Type of Company | IBC |
Type of Law | Common |
Shelf company availability | Yes |
Our time to establish a new company | 1 hour |
Minimum government fees (excluding taxation) | US$200 |
Corporate Taxation | Nil |
Double Taxation Treaty Access | No |
Standard currency | US$ |
Permitted currencies | Any |
Minimum paid up | US$1 |
Usual authorised | US$50,000 |
Minimum number | One |
Local required | No |
Publicly accessible records | No |
Location of meetings | Anywhere |
Required | Optional |
Local or qualified | No |
Annual Tax Return | Yes |
Audit requirements | No |
Requirements to file accounts | No |
Publicly accessible accounts | No |