PROFESSIONAL COMMENT----Anguilla Company Registration

OVERVIEW
Anguilla ,which was formally separated from St.king and Nevis in 1981,is a dependent British obverseas territory that enjoys a high degree of political and economic stability with a well-regulated financial services industry.This island of 35 square miles is home to a population of just over 10,000 people who are predominantly Afro-Caribean and is situated just over one hundred miles east of Puerto Rico,close to the British Virgin Islands.

FREE CHOICE OF COMPANY
It is quite free to propose the company names. In consider of investors from different countries, ANGUILLAgovernment accept company names in their own language appeared on the Articles of Association, such as Chinese (additional HKD1000 for Chinese name registration) The company name could be comprised of the words like “int’l, group, holdings, industrial, investment, association, center, research center” etc. and should end up with “ limited” or “societe anonyme”, or “sociatedad anonima” .A proposed company name can not be the same as any of the existing name registered at the company registry.in anguilla you can corporate the offshore companies ,but if you don’t want to corporate ,you should register international business company ,because it is easier than the native company ,the proceduer is simplier.

REGISTERED CAPITAL
Standard Registered capital:  USD 100million; no registered capital taxes levied, paid-up or paid-down capital not required. There is no minimum or maximum share capital.

SHAREHOLDER AND DIRECTOR
There is no limitation as to the nationality or residency of application. Any one over the age of 18 withholding a passport or ID card could incorporate a ANGUILLA company. Each company must have at least one director and corporate directors are permitted. However, under the Business Companies (Amendment) Act 2005 "the New Act", every newly incorporated company will be required to appoint first directors within 6 months of the date of incorporation and the original or copy of the Register of Directors will be required to be kept at the office of the Registered Agent. Details of the directors do not appear on any public record, although there are provisions for optional filing at the Registry of Corporate Affairs of this information if required. The company should have at least one shareholder and bearer shares are allowed. Under the new Act, bearer share certificates will have to be held by an approved Custodian. The Register of Shareholders or a copy thereof should be kept at the office of the Registered Agent. Details of the shareholders do not appear on any public record, although there are provisions for optional filing at the Registry of Corporate Affairs of this information if required. Often, it is advisable to keep the original register in the ANGUILLAfor stamp duty reasons.
REGISTERED OFFICE AND REGISTERED AGENT
Each ANGUILLAcompany must have a Registered Agent and Registered OFFICE in the BVI, which is usually provided by ATA.

Activity of Business
There is little restriction as to the business scope of ANGUILLA company, you can run business in the following industries such as financial, investment, medical, import and export trading, construction, network, travel, publishing.

LAW AND TAXATION
Anguilla is a common law jurisdiction,supplemented by local statutes enacted by the local House of Assembly .In 1994,with the British Government’s technical assistance and funding ,corporate and financial legislation was enacted with amendments made at the end of 1998,and again in 2000. Now businesses incorporated in anguilla are governed by either the Companies Ordinance 1994 or the International Business Companies Act(amended in 1998 and 2000).
Anguilla is a neutral tax jurisdiction,with all companies registered benefiting from Anguilla’s zero-tax situation. Moreover,Anguilla does not distinguish between local and offshore companies .Together these points make Anguilla a very attractive location to finacial services professionals.

CONSACT PROCEDURE
Fill in the application form and certificate of lawful → sign the agreement in personally →pay for half of money →All the directors sign the legal document in person→ transact to the government → finish within 10-15 working days→connect company registration documents

OPEN AN ACCOUNT
The anguilla company ,must open a native account .and the director must consact in personally ,and bring all the documents that needed .the anguilla company also can open an offshore account .

PAYMENT TERMS
Before registration pay 50% of the total as deposit and pay the spare money when finished. (You can choose cash,T/T,check and transfer the account to our appionted ,HK and oversea bank account).

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