Сompany registration in Anguilla: Legal aspects and advice

Company registration is the process of formalizing the status of a legal entity in accordance with the laws of a certain country. During this process, the company is officially recognized as a legal entity with its own legal capacity.

To receive this status, it is necessary to provide certain documentation and fulfill the requirements established by the state authorities. Due to registration, the entity is able to conduct commercial activities, conclude contracts, participate in court proceedings and perform other legally significant actions.

If you plan to start a business in the Caribbean region, Anguilla is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Anguilla, and is ready to share its results and help you choose the right jurisdiction. 

What are the main advantages of incorporating a company (business) in Anguilla?

1. Fast and simple registration process

Anguilla offers one of the most efficient business registration processes for entrepreneurs, facilitated by the International Business Companies (IBC) Act. A company can be registered within 2–3 weeks without complicated bureaucratic hurdles, saving considerable time and effort. The straightforward and transparent process makes the jurisdiction highly attractive to international investors looking for a quick and seamless business setup.

2. Favorable tax regime

Anguilla provides a zero-tax environment for IBCs, with no corporate tax, income tax, capital gains tax, or property tax. This creates an ideal framework for efficient tax planning and profit retention. Such a regime allows businesses to focus on growth and scaling without the burden of excessive financial obligations.

3. Confidentiality protection

The country enforces strict confidentiality provisions to safeguard the information of shareholders and directors. Ownership details are not included in public registries, ensuring a high level of anonymity. At the same time, Anguilla adheres to international standards of transparency, balancing privacy with compliance with legal requirements.

4. Stable political and legal environment

As a British Overseas Territory, Anguilla operates under English common law, providing a stable and predictable legal foundation. Its political stability and transparent business regulations instill confidence among foreign investors. This is particularly crucial for long-term business planning and operations.

5. No currency control

Anguilla imposes no restrictions on the movement of capital and profits, allowing entrepreneurs to manage their finances freely. This opens up extensive opportunities for international transactions and attracting foreign investments. Such flexibility is a significant advantage for global businesses seeking rapid adaptability to market conditions.

6. Advanced financial infrastructure

The jurisdiction boasts a modern financial services infrastructure, supported by a network of experienced lawyers, accountants, and consultants. This ensures professional assistance at every stage of the business lifecycle, from registration to day-to-day management. Such robust support helps companies thrive even in the most challenging international markets.

How to register a company in Anguilla and what are the main requirements for such registration?

Step 1. Initial setup

• Initiating a preliminary project assessment, assessing risks, choosing the type of company, preparing the necessary documents and obtaining the necessary permits, determining the time frame, budget, and resources required to complete the process.
• Preparation and filing of the package of documents.

Step 2. Company registration

• Verification and reservation of the company name at the Anguilla Financial Service Commission;
• Facilitating the notarial process for the company’s official registration;
• Incorporating the company’s data into the Anguilla Financial Service Commission;
• Obtaining the Certificate of incorporation from the Anguilla Financial Service Commission, Memorandum and Articles of Association.

Requirements for registering a company in Anguilla on the example of an International Business Company (IBC):

• Shareholders: the company is required to have at least 1 shareholder, which can be individual or corporate.
• Director: the company must appoint at least 1 director, who can be of any nationality.
• Company secretary: there is no requirement.
• Minimum share capital: $1 is a minimum paid up share capital.
• Legal address: the company is obliged to have an official registered office address in Anguilla.
• Registered agent: appointment of a local registered agent is compulsory.
• Liability: the liability of its shareholders is limited to the amount of capital they have invested in the company through their shares.
• Accounting: no filing of accounts or reporting requirements, however, an IBC is required to keep financial records.

What do you have to know about taxes when registering a company in Anguilla?

Corporate income tax (CIT):

There is no CIT in Anguilla.

Personal income tax (PIT):

There is no PIT in Anguilla.

Value-added tax (VAT):

There is no VAT in Anguilla.

For readers 

Manimama provides assistance in choosing the right jurisdiction for company incorporation and in registering a business specifically in Anguilla. We have a good understanding of the tax and legal peculiarities of specific jurisdictions, which helps our clients make an informed choice based on their unique needs and development strategies. In our work, we take into account factors affecting the business environment, such as the level of competition, access to financial and human resources, as well as opportunities for further growth and development in different jurisdictions. 

By choosing our company formation service in Anguilla, you are working with a law firm that values integrity, competence, and client satisfaction. Let us help you set up a company in Anguilla and pave the way for your business success!

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The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.