ADVANTAGES OF REGISTRING A COMPANY IN ANGUILLA

Anguilla is a British Overseas Territory with several islands in the Caribbean Sea lying east of Puerto Rico. It has internal self-government. Entrepreneurs who intend to register a company in the Valley or any other city in Anguilla can open a business without share capital. At the same time, a foreigner can own it alone. Opening a business in Anguilla can be done quickly.

Main forms of legal presence and doing business in Anguilla:_

- Anguilla Business Companies (ABC) - involve the conduct of business in the islands as well as internationally;

- International Business Companies (IBC) - are registered to do business abroad and are used by foreigners for tax optimization;

- Hybrid companies - allow to separate shareholder participants and limit the rights of shareholders and guarantors in such a way as to comply with the laws of the participant's domicile in the most tax-efficient way;

- non-profit associations - created for charitable and social purposes; public companies - an organizational form that allows shares to be publicly traded;

- Limited Liability Companies (LLC) - can be established on a fixed-term or indefinite basis;

- Limited Partnership (LP) - suitable for venture capitalists. Limits participants' exposure to management liability.

There are some restrictions for the IBC, the most popular form of opening a company for foreigners. Such organizations are forbidden:

* conduct business with Anguilla residents;

* to engage in the management of another company, banking, or trust business;

* act as an insurance company/agent/broker/manager;

* have an interest in real estate located in the country.

The registration procedure To open a company in Anguilla, a foreigner must:

Select and register a unique company name. It must have information about the legal form of the company.

Register the company in Anguilla with the CRES Registry. To do this, you must submit the articles of association drawn up in English and have a registered office for the duration of the company's existence.

Get a business license from the Ministry of Finance (for some sectors). Open a bank account.

THE TAX SYSTEM IN ANGUILLA

The country does not apply direct taxes to residents and non-residents. Receipts of income, capital gains, inheritance, and gifts are exempt from taxation. Anguilla is offshore, where it is profitable to register your business. An international company must maintain its financial records, but filing a tax return is optional.

The creation and operation of business structures are regulated by the Commercial Companies Act of Anguilla, adopted in 2022, which replaced the regulatory act of 2004.