The Valley is the capital of Anguilla. English is the official language of the jurisdiction. The major part of the land is not suitable for agricultural activities, main developed economic sectors are tourism, financial industries and fishing. Inhabitants of Anguilla are followers of different religions, were Christianity is the predominant one. Anguilla is well connected to the US and Europe.

The East Caribbean dollar (XCD) was adopted as the local currency.

Geography

Anguilla is located to the East of Puerto Rico, and is a flat territory of coral and limestone origin. Generally, only scrub vegetation is supported by Anguilla’s rather poor soil, which cannot be widely used for agricultural activities. Its landscape is known and appreciated for Anguilla’s picturesque coral reefs.

Anguilla’s tropical but dry climate is pleasant due to the frequent winds. February and March are the driest, while September and October are the wettest months. Temperature remains constant almost all the year round. As the major part of the Caribbean islands, From June to November Anguilla can be affected by hurricanes.

Map, Flag and Coat of Arms

Types of Company

Ordinary Company

This type of company may be incorporated for managing business within Anguilla or for offshore purposes. Such companies may be limited by shares, guarantee or may be hybrid companies. At least one director is an obligatory requirement for a company’s management. Accounts do not need to be filed.

International Business Company

A company which is incorporated in another jurisdiction may be registered in Anguilla as an International Business Company on a rather flexible and cost-effective basis. A foreign company can be redomiciled to Anguilla, and a local company can be redomiciled to another jurisdiction, in case the legislation of both chosen countries allow such a strategic step.

Limited Liability Company

This type of company in Anguilla provides its members a limited liability to a company’s debts and obligations, but at the same time it allows profits to be passed to its members. Its term may be either perpetual or different, as is specified in every LLC’s agreement.

General Partnership

All the partners of a general partnership are jointly and severally liable for all the partnership’s debts.

Limited Partnership

A Limited Partnerships is often used as an investment vehicle. However, it may be incorporated for any lawful purpose to conduct a certain business activity in Anguilla or abroad. At least one or more general partners who is/are jointly and severally liable for all the partnership’s debts, plus at least one limited partner who is/are liable only up to the capital invested in the partnership, may constitute a limited partnership. One person may be a general and a limited partner at the same time. A Limited Partnership’s agreement regulates its organization, activities and management. A registered office must always be situated within the territory of Anguilla, plus it must at all times have an Anguilla’s registered and licensed agent.

Trust

Anguilla’s trust law is based on English trust law. Trusts for commercial or charitable purposes together with unit trusts, asset protection trusts and variant trusts are allowed in Anguilla. A settlor of whatever nationality may constitute a trust in Anguilla. A protector may have a power to remove an existent trustee and appoint a new one.


Taxation

Personal

Unlike many offshore centres, Anguilla is an example of a truly neutral tax jurisdiction, as there are no income or any other direct taxes imposed on resident or non-resident individuals. Recognizing the necessity and will to expand Anguilla’s professional infrastructure, the local government has established a program which grants a multi-year work permits and attractive residency rules to private persons.

Corporate

Anguilla is a neutral tax jurisdiction for corporate entities too. A company is not liable to corporate, capital gains, withholding, property, profit or other forms of direct taxes. In addition, no exchange controls exist in Anguilla.

More Information

Click here for more information about creating a Anguilla offshore company.