| Anguilla Financial Services Business Sectors |
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| ANGUILLA FINANCIAL SERVICES ASSOCIATION Representing the leading financial services firms of Anguilla, British West Indies |
| Copyright 2008 Anguilla Financial Services Association |
With modern legislation, strong regulation, and an efficient process through the Anguilla Commercial Online Registration Network (ACORN),
Anguilla provides reasons to incorporation. AFSA members can incorporate and provide company management services under several company
forms:
The Anguilla Business Company ("ABC")
The International Business Company ("IBC")
The Limited Liability Company (LLC)
Partnerships and Limited Partnerships
Anguilla provides reasons to incorporation. AFSA members can incorporate and provide company management services under several company
forms:
The Anguilla Business Company ("ABC")
The International Business Company ("IBC")
The Limited Liability Company (LLC)
Partnerships and Limited Partnerships
Captive Insurance
The Anguilla Insurance Act allows for the formation of a captive insurance company. Advantages of captive insurance companies include
minimizing insurance costs, reducing risks, and providing access to the re-insurance market. Anguilla provides captive insurance companies with
a zero-tax jurisdiction.
The Anguilla Insurance Act allows for the formation of a captive insurance company. Advantages of captive insurance companies include
minimizing insurance costs, reducing risks, and providing access to the re-insurance market. Anguilla provides captive insurance companies with
a zero-tax jurisdiction.
Banking
The Anguilla Banking Act defines "offshore banking" as "banking business carried on in and from within Anguilla in a currency other than the
Eastern Caribbean Dollar with a subsidiaries of a non-banking corporations whose shares are publicly traded on a recognized stock exchange.
There are no "brass plate" banks in Anguilla. The Banking Act was authored to maintain Anguilla's reputation as a well regulated financial
services center.
The Anguilla Banking Act defines "offshore banking" as "banking business carried on in and from within Anguilla in a currency other than the
Eastern Caribbean Dollar with a subsidiaries of a non-banking corporations whose shares are publicly traded on a recognized stock exchange.
There are no "brass plate" banks in Anguilla. The Banking Act was authored to maintain Anguilla's reputation as a well regulated financial
services center.
Mutual Funds
The Anguilla Mutual Funds Act provides a flexible yet effective regulation of an important sector of the financial services industry. The Anguilla
the ability to register mutual funds and hedge funds within 24 hours.
The Mutual Funds Act provides for the licensing of three categories of mutual funds:
Public Funds - Funds offering shares to the general public.
Private Funds - Funds with fifty (50) or fewer investors with restrictions on public offerings.
Professional Funds - Funds whose shares are offered only to professional investors, defined by the Act as a person whose ordinary
business involves managing investments.
The Anguilla Mutual Funds Act provides a flexible yet effective regulation of an important sector of the financial services industry. The Anguilla
the ability to register mutual funds and hedge funds within 24 hours.
The Mutual Funds Act provides for the licensing of three categories of mutual funds:
Public Funds - Funds offering shares to the general public.
Private Funds - Funds with fifty (50) or fewer investors with restrictions on public offerings.
Professional Funds - Funds whose shares are offered only to professional investors, defined by the Act as a person whose ordinary
business involves managing investments.
The Anguilla trust is one of the most flexible fiduciary vehicles available today. A trust is a private, but legally enforceable relationship where
ownership of property is transferred to professionals to be managed responsibly for a period of time to achieve a variety of estate, personal,
financial, tax or other business planning objectives. These objectives often include:
Preservation of family wealth and continuity of a family business
Provision for spouses and dependents
Protection from succession laws
Minimization of estate and inheritance tax, income tax and capital gains tax
Efficient and timely distribution of assets upon death
Establish pensions or employee stock option plans
Lender protection in corporate finance
Unlike many jurisdictions, Anguilla imposes no limit on the duration of a trust.
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