OVERVIEW
Anguilla is no longer just an ‘alternative jurisdiction’ for estate and asset planning as it has been known for in recent years. Instead, apart from its gorgeous nature, the island has become a prime jurisdiction for the corporate services industry and there are many compelling reasons for this.
Traditionally based on common law, Anguilla adopted specific legislation for a wide range of corporate entities, in addition to the regulation of professional services providers. A developed business infrastructure and a very efficient regulatory framework put Anguilla among those countries that are constantly pursuing best international financial practices and standards in the market.
TYPE OF ENTITIES
Anguilla provides an excellent infrastructure to accommodate sophisticated structures for both private and corporate clients around the world. Its commitment to transparency and professionalism provides certainty to the industry.
Investors have a wide choice in selecting the ideal corporate vehicle in Anguilla. In addition to the well known International Business Companies (IBC’s) and Limited Partnerships, Anguilla’s legislation also provides for the establishment of Limited Liability Companies (USA style LLC)s, Hybrid Companies (that can be both limited by guarantee and/or limited by shares), Protected Cell Companies, Private Trust Companies and Domestic Companies.
Unincorporated and incorporated entities benefit from its regulatory framework that is designed to ensure that subsequent administration is as straightforward as possible.
INTEGRATED REGISTAR SYSTEMS
All types of entities may be formed and administered through an integrated system known as ACORN which connects the Companies Registry and the local services providers. The ACORN system was developed to permit corporate entities in Anguilla to file documents in real time. This means that after proper due diligence has been carried out, a corporate entity can be formed within hours.
Any amendments to constitutive documents, filing of mandatory documents and internationally recognized certifications may be obtained online within minutes. The ACORN integrated system is a unique tool which provides the efficiency required in the modern day business environment.Key Highlights
Reputable and stable business environment
A wide diversity of corporate entities may be designed specifically to attend your clients’ demands
Many foreign entities may continued in under the laws of Anguilla
Anguilla is compliant with the most recent international compliance directives
Professional services providers are regulated by the Anguilla Financial Services Commission
Sensible and effective regulation and supervision
A PRIME TRUST JURISDICTION
Reaffirming its commitment to comply with international acceptable business principles, Anguilla is constantly improving its regulatory landscape towards transparency and professional standards. A few examples of recent developments that strengthened Anguilla’s position:
Establishment of IGA with USA for implementation of FATCA
Entered into a TIEA with the UK
Compliant to the EU Savings Directive and OECD
Developed modern AML and CFT compliance guidelines
All of the above mentioned factors contribute to Anguilla as being a cost effective, modern and efficient jurisdiction to meet the exacting needs and expectations of your clients.