1989 - 2018 29 years in business Sunday, 22nd July 2018

BRITISH ANGUILLA



 
Features of British Anguilla’s international Business Companies (B.A. IBCs)

GOVERNING LAW

  • The British Anguilla’a (B.A) International Business Companies’ Act 2000, and the International Business Companies Regulations 2000 as amended.

 

BUSINESS TRANSACTIONS

  • IBCs may engage in any lawful business in any country and may carry on transactions in whatever currencies they choose.

 

TAXATION

  • Full exemption from taxation for any business activity or transaction carried out outside British Anguilla (B.A.).

 

 SHARES CAPITAL

  • Nominative/registered or redeemable shares at owner’s option.
  • No paid-in capital is required.
  • No minimum or maximum capital requirements.
  • Bearer shares are allowed, but subject to custodian services.

 

DIRECTORS/ OFFICERS AND SHAREHOLDERS

  • Shareholders, directors and/ or officers can be either corporate entities or natural persons.
  • Registration at the companies registry of the initial directors and/or officers or of any ongoing changes there of
    is optional.
  • The directors may grant special or general powers of attorney.
  • Companies are allowed to have a sole director.
  • Neither the directors nor the officers need to be shareholders.
  • Shareholders, directors and officers may be of any nationality and may be residents of any country.
  • Shareholders and directors may hold their meetings in any country and may attend such meetings by proxy or by phone.

 

ANNUAL FILING

  • No requirement to file annual returns or financial statements, no requirement to hold annual general meetings of shareholders or directors.

 

INCORPORATION AND ADMINISTRATION

  • Excellent availability of company names for incorporation.
  • The incorporation documents such as the articles of incorporation By-Laws are familiar.
  • The word “Limited”, “Corporation”, “Incorporated”, or “Sociedad Anónima” or the abbreviations “Ltd.” “Inc.” or “S.A.”may be used as a company’s name ending.
  • Incorporation documents may be drafted in Spanish or any language and submitted together with an English translation.
  • Speedy incorporation procedure and simple ongoing administration.
  • The British Anguilla’s (B.A.) Companies  Registry is equipped with modern sophisticated software (ACORN) improving speed and efficiency in the processing of documents in a timely manner.
  • Shelf companies available, however the ACORN system makes them hardly necessary.
  • Registration of mortgages and charges available.

 

RECORD KEEPING

  • The company’s accounting books, records and minutes may be kept in any place or country chosen by the director
  • Annual accounts are neither required nor be filed.

 

 

REGISTERED OFFICE, CORPORATE SEAL AND LEGALIZATION

  • Registered Office in British Anguilla (B.A.) is required.
  • Corporate seal is mandatory.
  • The apostille is normally used to legalize documentation.

 

COSTS AND FEES

  • Reasonable formation and maintenance costs and fees.

 

CONTINUATION

  • Foreign companies can be speedily continued to British Anguilla (B.A.).

 

USES OF BRITISH ANGUILLA’S INTERNATIONAL BUSINESS COMPANIES (B.A. IBCs)  

  • Holder of bank accounts, fixed deposits, investments plans and any other financial or commercial title.
  • Owner of the shares of other companies or legal entities.
  • Owner of apartments, houses, buildings, vessels and any other movable or immovable property or goods.
  • Manager and promoter of international business transactions.
  • International leasing of vehicles, machinery, vessels and others.
  • Borrowing or lending money, paying or receiving commissions’ royalties or other.
  • Marketing and promotion of products and services.
  • Other commercial and financial activities.

 

  • HIGHLIGHTS OF BRITISH ANGUILLA
  • Excellent corporation law.
  • Flexible company law.
  • No taxes levied on international and banking transactions.
  • No exchange control regulations.
  • Political and economic stability.
  • Excellence hotel accommodations
  • Excellent worldwide communication facilities.
  • Skilled personnel.
  • No capital gains, income or other kinds of taxes.

 

 

DOCUMENTS REQUIRED TO BE KEPT AT (BRITISH ANGUILLA) REGISTERED OFFICE, IN ACCORDANCE WITH THE LAW

 

    The following information/documents are required to be kept at the registered office. Same will not be able filed at the British Anguilla Registry.

 

  • Appropriate character references and other due diligence documents, as required.
  • Copy of the consent to Act letter signed by every person that would be appointed as director.
  • Complete and updated copy of the share register shall be kept at the Registered Office of the company or at the office of
  • The registered agent, containing the information of the name(s) and address (es) of the shareholders.
  • Complete and updated copy of the Register of Directors and Officers is recommended to be kept at the registered Office of the company.
  • Adoption of corporate seal is mandatory. An impression of same must be kept at the registered office of the company.


SOCIAL AND ECONOMIC INDICATORS

Location:                                                Caribbean (160 Kilometers east of Puerto Rico).
Area: 106 square kilometers divided in over 20 islands many of which are not permanentlyinhabited, the largest being British Anguilla (B.A.) where the capital known as thevalley is located. 
Population: 14,436 ( 2009 Est.)
Climate:  Tropical
Official Language:  English
Government: British Overseas Territory. These are territories which are under the sovereignty of theUnited Kingdom, but not considered part of the United Kingdom itself. 
Living Standard:  High
Banking:  Worldwide banking facilities available
Legal Tender:   British Anguilla’s (B.A.) currency is the East Caribbean dollar, though the US dollar isalso widely accepted
Industries: Tourism and Financial services.

 

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