The Republic of Anguilla offshore companies
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The Republic of Anguilla has an area of 102 square kilometers. The country's population of 13 254 persons. Capital - a city Valley. Official language - English. Until the early 19 th century the country was governed by Britain, it was a dependent territory. Only in 1971 have enabled the country to secede and become a separate Dependent Territory. The country is located on the islands of the Caribbean Sea and Atlantic Ocean, east of Puerto Rico. The currency of the country - the Eastern Caribbean dollar, the exchange rate which is pegged to the dollar, XCD1 = USD0.37665. ECONOMICS
The country rich in natural resources, so its economy based on tourism and offshore activities. The local population is also engaged in fishery, animal husbandry. Infrastructure island is organized and supported by the British Government. GDP per capita is 7 500 U.S. dollars. Annual growth is about 2.8%. The share of services accounted for 78% of GDP, the share of industry - 18%, agriculture - 4%. The inflation rate was 2.3%. TAXATION
In Anguilla almost no taxes. There does not exist: - Income tax - Corporate income tax, - Sales tax - Value-added tax - A tax on capital gains.
Under the tax code Anguilla welcomes the inflow of investment into the country. The country has taxes on the activities of hotels, which are paid by tourists, such as taxes on imports, lotteries, sale of land to foreigners. The country has levied customs duties on certain goods. Anguilla is a major center of the offshore industry. The country registered more than 75 banks. In Anguilla favorably to register offshore banks, banking transactions and are without any restrictions. Accounts can be opened in any currency. COMPANIES
Companies in Anguilla are registered under the Companies Act 2000, Act on International Business Companies Act 2000 and on partnerships with limited liability in 2000. These laws are quite sophisticated and allow the company to incorporate the most convenient and simple scheme. Companies with limited liability
This type of companies registered under the Companies with limited liability. Companies with limited liability of economic interest, since the validity of such companies may be unrestricted, that is specified in the agreement on a limited liability company. Offshore and international companies
In Anguilla, there is no division between local and offshore companies. All registered enterprises have advantages in the form of lack of taxation. The most frequently recorded companies - are private companies and international business companies (IBC). As a private company could not be more than 11 shareholders, it may not offer its shares on the secondary market. Such companies are exempt from the reporting and auditing training. IBC represent a cheaper type of companies. Shareholders and directors of such companies need to record their names in a public registry. Registered Office IBC in Anguilla is required to provide this information only to holders of the letter rogatory to the High Court of Anguilla. Partnerships with unlimited liability
This type of companies is a relationship between persons engaged in joint business for profit. Partnerships Act of 1994 establishes standards and the nature of partnerships, as well as the disbanding of partnerships. Limited Liability Partnership
Partners may be individuals or companies or partnerships. Partners with limited liability may be residents of any country. However, at least one general partner must be resident in Anguilla or by a resident of Anguilla. Statement on the incorporation of the company filed in the Registry of Companies, which then issues a certificate of registration. Latest Legislation
In October 2004, Anguilla has adopted three basic law of complementary legislation. 1. Insurance Act The Act deals with the licensing and regulation of companies involved in domestic insurance, offshore and insurance subsidiaries. Here are the types of insurance licenses to be applied in accordance with the new law: - Domestic insurance In order to minimize the risks associated with the domestic insurance in Anguilla, companies need to apply for a license insurer «Class A», the holders of which can carry out all types of insurance, approved by the Commission on Financial Services. Foreign companies wishing to engage in domestic insurance, must register as a foreign company under the relevant article of the Companies Act of Anguilla. It also must register office in the country, or hire an insurance agent or broker with a license to engage in related activities. - Offshore «keptivnoe» Insurance Companies may receive the following licenses «Class B»: Unlimited license insurer, which gives the insurer the opportunity to carry the business on an international basis, including long-term business related to insurance outside the state. General license insurer provides opportunities for foreign insurers insurance, but does not provide a long-term insurance activities. Associated insurer's license allows foreign companies to conduct long-term insurer and general insurance activities with two or more owners and their affiliates. Permission is granted to hold no more than 30% of insurance with non-owners of the insurer or affiliates thereof. Group insurance license allows foreign insurance companies to operate on international insurance, including long-term. In this company, the insurer and its affiliates have an owner. Single license allows foreign insurance companies, insurer or trust to engage in international insurance, including long-term activities. If such activity leads the company, the sole object of insurance becomes its owner, and if the trust - its beneficial owners.
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