ANGUILLA
- IBC
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Principal Corporate Legislation
Business Companies Ordinance 1994 Act.
Type of Law
Common Law based on English Common Law.
Type of company for international Trade
and Investment
The Anguilla International Business Company (IBC).
Procedure
to Incorporate
On line Anguilla company formation is available to approved sub-agents
to provide instant incorporation. Alternatively, filing a basic two-page
form (i.e. Form 8, The Articles of Incorporation) is the only requirement.
Restrictions
on Trading
An Anguilla IBC is restricted from conducting business with persons
resident on Anguilla, conducting banking or trust business, conducting
insurance or reinsurance business, or conducting the business of providing
company management services. On Anguilla, an IBC may maintain bank accounts,
retain professional advisors carrying on business within Anguilla, maintain
corporate records, hold meetings and lease office space.
Powers
of Company
An Anguilla International Business Company has the full capacity of,
and all rights, powers, and privileges of, a natural person.
Language
of Legislation and Corporate Documents
In Anguilla the legislation and language of corporate documents is English.
Registered
Office Required
Yes, must be maintained in Anguilla at the address of a licensed management
company or law firm.
Time
to Incorporate
On line incorporation will allow approved sub-agents in Anguilla to
incorporate within minutes. Otherwise, 24 hours is required.
Name
Restrictions
Any name that has already been incorporated or a name that is so similar
as to cause confusion. Restricted names are ones that suggest the patronage
of the Royal Family, the UK Government, a political party, a university,
a professional association, or names that the registrar may consider
to be misleading or objectionable.
Compliance
Authorized and Issued Share Capital
The normal authorized share capital for an Anguilla offshore IBC is
US$ 50,000 divided in to 50,000 shares of US$ 1, this being the maximum
capital for the minimum fees for incorporation and annual fees. The
share capital can be expressed in any currency. The minimum issued capital
is one share.
Classes
of Shares Permitted
Par value shares, no par value shares and bearer shares.
Taxation
Anguilla is a pure tax haven and has no direct taxation in the form
of income tax, capital gains tax, gift tax or inheritance tax.
Double
Taxation Agreements
Anguilla is not party to any double tax treaties.
License
Fee
The Anguilla Government annual fees are US$ 230.
Directors
The minimum number of directors is one. The directors may be natural
persons or corporate bodies. They may be of any nationality and need
not be resident in Anguilla.
Company
Secretary
Not required, but normally appointed.
Shareholders
The minimum number of shareholders is one.
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