Anguilla

Why are the islands discovered by Christopher Columbus interesting from a business point of view. Anguilla represents today a classic offshore jurisdiction. Today it is almost the most respected tax haven in the Caribbean. Why Anguilla? Because if offshore conditions are maintained – tax 0 %.

So why choose Anguilla to start a company?

This little paradise on earth offers all offshore services, and above-standard quality. Whether it's setting up trusts, foundations, International Business Companies (IBCs) or Limited Liability Companies (LLCs), Anguilla is the place for them. The functioning of foreign companies is governed by the so-called International Business Act 2000, which, among other things, allows foreign entities to establish tax-advantaged companies, as long as they do not enter into business relations with local residents, operate insurance or management services. Of course, Anguilla is (thankfully) not the only place in the world that offers offshore tax benefits to new companies.

Anguilla is a Caribbean country made up of five islands. Every year it is sought after by tourists from all over the world for its endlessly white beaches, who, on the other hand, come here to turn their originally white bodies into a chocolate shade. Anguilla, whose capital is The Valley, is a permanent overseas territory of Great Britain with an autonomous administration, which means, among other things, that the official language is English, and above all that there is a stable environment, with a legal system based on the British system.

TWO MAIN REASONS FOR ANGUILLA

The first reason is that the taxation of income, dividends, royalties and generally any income generated by an Anguilla registered company outside its territory is 0 %. What could be more attractive? Zero tax also applies to foundations and trusts established in Anguilla and doing business offshore.

Anguilla boasts with very good laws regarding client privacy, bank accounts and business in general. In the offshore banking system, privacy is a significant advantage. In practice, this means that no one will have access to your personal information, information about the ownership structure and even the trading balance. This is because it is forbidden in the country to share any information related to an offshore bank account without the consent of its owner. And even under the threat of imprisonment.

In order to maintain greater anonymity, however, we recommend that companies in Anguilla use the services of a nominated shareholder, director (so-called nominee service).

Anonymity of companies in Anguilla

Every person – and this applies doubly to entrepreneurs – has the right to privacy.

While in some countries obtaining complete information about a business entity is a matter of a few inquisitive clicks on the Internet, fortunately there are still plenty of areas that protect sensitive information and respect privacy.

For selected destinations, such as Anguilla, anonymity is a matter of principle. You have an unquestionable right to it!

Anquilla takes the red tape away from you

Another major advantage is the relief from other unpleasant activities. Minimal paperwork, thanks to which you save time and money. You don't have to fill out a tax return, no one is forcing you to carefully archive all the documents and records with the receipts for the snack you bought on May 3rd of last year. No one will even audit you.

There are no treaties concluded with another state that address the avoidance of double taxation. And no other either.

The official language is English, so you really don't need to buy new dictionaries dealing with the island dialect. As the business environment is based on English law and Anguilla still remains an overseas territory of Great Britain, the relevant documentation is very close to that of the UK for Ltd. companies.

However, always be aware that an offshore company in Anguilla may not engage in business with citizens of the island nation, nor may it operate banking, insurance or management services. Only then will your business be considered offshore with all the above benefits.

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