Legislation of Anguilla

Service packages Legislation Tax System Audit Services

List of laws and regulations

Act name
Scope of law
investing/foundation industry
banks and financial institutions
trusts (legal foundation)
trust companies and offshore banking
trust companies and offshore banking (instructions)
trust companies and offshore banking (fees)
company management (foundations)
company management (forms)
company management (fees, penalties)
legal foundation concerning companies in Anguilla
LLC (legal foundation)
LLC - forms/fees (penalties)
LP (legal foundations)
PCC (legal foundation)
the package concerning anti-money laundering and terrorist financing
interpretations concerning anti-money laundering and terrorist financing
concerning income, received in a criminal way
concerning income, received in a criminal way (amendament)
transitional provisions concerning income, received in a criminal way
classes of licenses, Annual Return of insurance companies
forms/fees (penalties)
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Tax treaties entered

Switzerland

Tax Exchange Information Agreement (TEIA)

Australia
Belgium
Canada
Denmark
Faroe Islands
Finland
France
Germany
Greenland
Iceland
Ireland
Netherlands
New Zealand
Norway
Portugal
Sweden
United Kingdom

List of state regulatory authorities

The Goverment of Anguilla Правительство Ангильи
Attorney General's Chambers Министерство юстиции
Financional Services Commission Комиссия по финансовым услугам
Registrar of Companies Государственный Реестр компаний (он-лайн)

Corporate info

Legal system
based upon English Common Law, with local modifications
Types of entity
IBC (International Business Company), ABC (Anguilla Business Company), LLC (Limited Liability Company), Partnership (Limited Partnership), Protected Cell Company (PCC)
Shelf companies permitted
No
Incorporation timescale for a new company
2-3 days
Company suffix
Ltd, Corp, Inc, Sdn Bhd, SARL, BV, SA, NV or GmbH, PCC
Sensitive words
the name of the company shall not be the same as the name of any company in the Registrar, should not imply the patronage of Her Magesty or any member of the Royal Family, or be identical to HM Government or any public authority elsewhere, imply connection with some political party or its leader, university or professional association, should not coincide with the name of the corporate body, registered in Anguilla before the year 1995
Cyrillic alphabet permitted in company name
No
Local registered office
Yes
Local registered agent
Yes
Information to be kept at the registered office
articles and by-laws and all amendaments to them, an imprint of common seal, minutes of meetings of directors (shareholders) and accounting records; concerning minutes of meetings and accounting records
Seal required, type of seal
common seal should contain the name of the company in legible characters
Redomiciliation (to, from) permitted
permitted

Director and secretary

Minimum number of directors
1
Residency requirements for directors
No
Corporate directors permitted
Yes
Directors’ meetings/frequency/location
Yes / annually / no requirements
Disclosure to local agent
Yes
Disclosure to public
No
Company secretary required
No
Residency requirements for a secretary
No
Qualified secretary required
No
Corporate secretary permitted
No

Shareholder and beneficiary

Minimum number of shareholders
1
Residency requirements for shareholders
No
Corporate shareholder permitted
Yes
Meetings/frequency/location
Yes / annually / no requirements
Disclosure to local agent
Yes
Disclosure to public
No
Beneficiary info disclosure to
No

Shares and share capital

Minimum authorized share capital
No requirements
Minimum issued share capital
No requirements
Minimum paid share capital
No requirements
Authorized capital payment deadlines
No requirements
Issued capital payment deadlines
A share shall not be issued untill the consideration is fully paid
Standard currency
USD
Standard authorized share capital
50000
Standard par value of shares
1
Shares with no par value permitted
Yes
Bearer shares permitted
Yes

Taxes

Personal tax
No
Min. rate for corporate tax
No
Corporate tax (in detail)
There is no corporate tax in Anguilla.
Capital gains tax
No
Capital gains tax. Details
VAT
No
VAT. Details
Withholding tax
No
Other taxes
accommodation tax, customs duties, property tax, airline ticket tax, communication tax, environmental levy on electricity and a tourist levy
Exchange control
No
Government fee
USD 200
Stamp duty
0.01-5%

Accounts

Requirement to prepare accounts
Yes
Requirement to file accounts
No
Publicly accessible accounts
No
Requirement to file Annual Return
No
Publicly accessible Annual Return
No
Audit required
No

General information shortly

Location
Caribbean
Total area
102 sq.km
Population
15.800 (2019)
Capital
The Valley
National currency
East Caribbean dollar
Conditional reduction of currency
XCD
Against USD
2.7
Climate, average max and min t°
Tropical; moderated by northeast trade winds; avg. maximum temperature (August) +31°; avg. minimum temperature (January) +23°
Time difference from Moscow
- 7 hours
Dialing code
+1-264
State language
English
Ethnic groups
Black (predominant) 90.1%, mixed, mulatto 4.6%, white 3.7%, other 1.5%
Literacy rate
95%
History
Colonized by English settlers from Saint Kitts in 1650, Anguilla was administered by Great Britain until the early 19th century, when the island - against the wishes of the inhabitants - was incorporated into a single British dependency along with Saint Kitts and Nevis. Several attempts at separation failed. In 1971, two years after a revolt, Anguilla was finally allowed to secede; this arrangement was formally recognized in 1980 with Anguilla becoming a separate British dependency.
Credit rating
Government type
UK overseas territory
Executive branch
Executive Council appointed by the governor from among the elected members of the House of Assembly
Legislative branch
unicameral House of Assembly (11 seats), in fact - The Attorney's General Chambers
Judicial branch
UK Supreme Court, the Eastern Caribbean Supreme Court (ECSC)
Unemployment
11,10% (2019)
GDP per capita rank
218 (2015)
Corruption perceptions index rank

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