Anguilla is a tax haven in its truest sense. This British Overseas Territory offers the lowest tax rates in comparison to international standards. In particular, Anguilla income tax rate and corporate tax rate is 0% for both its residents and non-residents. In addition, other Anguilla taxes such as capital gains tax, inheritance tax, and gift tax are exempt for every company conducting business here. In order to manage the highly competitive tax rates, Anguilla’s government relies on custom duties and luxury tourism as the main incomes of the territory.

Being a reliable tax haven, Anguilla also provides businesses with nominee services without having to worry about the financial auditing or reporting process, along with another degree of confidentiality and privacy to an already exceptional offshore environment.

In Anguilla, Limited Liability Company (LLC) and International Business Company (IBC) are two of the most popular business structures. Both apply the same favorable tax rates, specifically:

• Corporate tax rate: 0%
• Income tax rate: 0%
• Inheritance tax rate: 0%
• Gift tax rate: 0%
• Capital gains tax rate: 0%
• Estate tax rate: 0%
• Stamp duty rate: 0-5%.
• Property tax rate: 0.75%
• Land transfer tax rate: 5%

In Anguilla, IBCs can issue Anguilla bearer shares under the IBC ACT (R. S. A CI20). Anguilla bearer shares are subject to custodial services. The IBC Securities Depository Regulations provide that bearer shares are considered void if the shares are held by any person other than the legal custodian. The AML/CFT Regulations and Rules also mandate that the depository identify the beneficial owner of Anguilla bearer shares being held and maintain a register with the names and addresses of the beneficial owners of the shares.

In the case that a company may issue bearer shares, the owner of that company is the legal holder of the shares. Anguilla bearer shares are considered legal to use by individuals who wish to maintain privacy and anonymity, as long as they are not likely to be misused by those with malicious motives due to the ambiguity of them. As a result, the Anguilla Government is considering banning the issue of bearer warrants and requiring existing bearer stockholders to convert their bearer shares into common shares. This will increase transparency for companies in Anguilla and minimize the increasing illegal activities.

Anguilla business license fees vary according to your type of business and are affected by factors such as stock value. Some business licenses cost only a few hundred dollars while some cost several thousand dollars.

All business licences in Anguilla are valid until December 31st of the year received. It means that you must renew your license annually. Don’t hesitate to call our hotline and get advice from us.

• UK Overseas Territory
• Well-regulated financial services industry
• Common law legal system based on English law
• Well developed professional infrastructure
• World standard telecommunications system
• Easy air access to North America and Europe
• Neutral tax jurisdiction
• No foreign exchange restrictions
• Multi-year work permits available for professionals within the financial services industry

When starting a business in Anguilla, specific business licenses and permits are required by the law. The process of obtaining a business license in Anguilla may consume lots of time and effort from business owners.

The application for a business license in Anguilla for overseas investors normally include:

• A filled out application
• Business plan
• Qualifications
• Certificates and Articles of Incorporation
• Police record within 6 months, passport
• Provide at least 3 Character References or Testimonials other than your family members.
• Statement of Financial Ability/ Bank Letter
• A Due Diligence with your passport information.

Your application will be submitted to the Ministry of Finance for approval. Once the application is approved, the required Anguilla business license fees will be paid to the Inland Revenue Department (IRD). Upon receipt of payment, IRD issues a business license, which allows you to run your business legally in Anguilla.

By seeking advice and support from FF Advisers Ltd, getting an Anguilla business license will be much faster and easier. Contact us to learn more about incorporating and obtaining a business license in Anguilla.

It varies from a few days to 8 weeks (in rear cases more time is required) depending on the type and nature of business and belongership status of applicant.