KYC documents are essential to verify the identity of individuals and corporations in Anguilla. Below, you’ll find a list of the required documents.
Anguilla Company Formation
Benefits
Offshore Company Registration In Anguilla
Features
Business Company (BC)
Anguilla Company Formation Packages
- • Unlimited Name Availability Check: Ensure your chosen company name is unique and available.
- • Document Preparation and Filing: All necessary documentation is prepared and submitted on your behalf.
- • Expedited Incorporation Process: Company incorporation completed efficiently.
- • One Year of Secretarial Services: Comprehensive company secretarial support for one year.
- • One Year Registered Agent and Address: Provision of a local registered agent and address for one year.
- • All Government Fees Included for One Year: Covers all government-related fees for the first year.
- • Digital Corporate Documents: Receive all essential corporate documents in digital format.
This package provides all the necessary services for a foreigner to establish a new Anguilla Business Company (BC) from start to finish.
- • Everything in the Basic Package: Includes comprehensive services for setting up an Anguilla Business Company (BC).
- • Bank Account Opening: Assistance with opening a bank account.
- • One-Time Application Fee: Covers the application fee for one bank account.
- • Bank Account Introduction: Introduction service to any bank on the supported list.
- • Certificate of Incumbency: Provided if required.
- • Everything in the Standard Package: Includes all the comprehensive services provided in the standard package.
- • Premium Banking Support: Enhanced support for bank account services.
- • One-Time Application Fee: Covers the application fee for up to 5 banks or until the account is successfully opened, whichever comes first.
- • Consulting on Alternatives: Expert advice on suitable alternatives if the initial application is not approved.
- • Remote Bank Account Opening: Facilitates opening a bank account remotely.
- • Fast Response: Prompt assistance available even on weekends.
- • Frequent Updates: Regular updates on the bank account opening process to keep you informed.
Anguilla
Offshore Company Incorporation Process
KYC Documents Checklist
The following proofs are required for all company members including Directors, Shareholders, Ultimate Beneficial Owners (UBOs), and Contact persons.
- A certified true copy (scanned version) of the passport (valid for at least 6 months)
- A certified true copy (scanned version) of driver's license or national ID
- Bank reference letter & professional reference letter (minimum 3-year relationship), must be dated within the last 6 months and include the contact details of the issuer
- A Curriculum Vitae (C.V.), resumé, or LinkedIn profile
To establish the identity of a corporation or entity, it is necessary to provide company documents and proof of identity for its members.
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Frequently Asked Questions
How do I apply for a business license in Anguilla?
Establishing and obtaining a business license for your Anguilla BC are much easier with help from a trusted corporate service provider like BBCIncorp. You’ll need to file your application to the Ministry of Finance for a business license. Upon your complete payment to the Inland Revenue Department (IRD), you are granted a business certificate if qualified.
Note that application fees are different depending on your business nature. And Anguilla business license must be renewed at the relevant authority every year.
Are bearer shares permitted in Anguilla?
According to the Amendment to section 27 of the BC (Amendment) Act 2018, no bearer shares are issued after 30th of September 2018 for BC. All bearer shares released before the amendment must be converted to registered shares before January 31st, 2019.
Which business can I incorporate with in Anguilla?
In Anguilla, you can incorporate a BC to conduct any business, except the activities related to banking, trust business, insurance business, and company management services.
An BC in Anguilla is not permitted business with the residents of Anguilla.
How can I name my BC in Anguilla?
The name of a BC in Anguilla must end with Ltd., Corp., Inc., S.A., NV, or GmbH.
The name will be rejected if it is similar to existing names, or it suggests the patronage of the Royal Family, the UK government, a political party, a university, a professional association, or it is considered misleading in the viewpoint of the Registrar.
What are the initial requirements to register a company in Anguilla?
Minimum one director and one shareholder, which can be the same person.
A local registered address in Anguilla.
Does Anguilla have taxes?
Anguilla does not apply direct taxes such as income tax, corporate tax, capital gains tax, or inheritance tax on both residents and non-residents
How about the annual reporting requirements of a BC in Anguilla?
An Anguilla BC has to maintain its financial records, but don’t have to file financial statements, annual return or tax return.
Business Operation
Are there any restrictions on business activities that a BC in Anguilla allowed to carry on?
The following activities are prohibited with BCs:
- Conduct business with residents in Anguilla;
- Carry on business related to banking, trust, insurance, company management services;
- Own or hold interests in real property situated in Anguilla.
What types of business are BCs not allowed to carry on?
As of Jan 2019, a new regime has come into effect that allows all BCs to conduct businesses previously not permitted including:
- Doing business with Seychelles residents;
- Holding interests or own real property located in Seychelles
- Owning shares in Seychelles local companies
Any BCs licensed under IFSC must establish a physical presence in Seychelles and submit tax return annually.
Company Members
What is the minimum director/shareholder required to register a company in Anguilla?
Anguilla BC Act doesn’t require specific number of directors. However, the minimum of director/shareholder need to be at least one, and can be the same person.
How about the privacy of register of directors/shareholders?
The registers of directors/shareholders are not made available to the public. In addition, a BC can elect to file with the Registrar or not, but the information must be kept with the registered agent through due diligence process.
Where can meetings of the board of directors/shareholders be held?
Meetings of company directors/shareholders can be organized in any manner and places that the director considers necessary or desirable.
Are corporate directors allowed in Anguilla?
Yes, director of a BC can be individual or the body corporate
Share Capital
What classes of shares an Anguilla BC are allowed to issue?
A BC is allowed to issue almost all types of share such as registered shares, non-voting shares, bearer shares, shares with a par and no par value, shares with special privileges related to dividends, redemption.
Are issued shares required to be paid up in full?
All shares issued must be paid up in full.