Corporate Law at Anguilla (BOT)
Here’s an overview of Corporate Law in Anguilla (British Overseas Territory):
🇦🇮 Legal Framework
Anguilla’s corporate law is governed by a modern and flexible regime designed to attract international business.
The primary laws include:
Business Companies Act (BCA), 2022 – replaced the earlier International Business Companies Act.
Companies Act (Cap. C65) – governs local companies.
Anguilla is a common law jurisdiction, and its legal system is influenced by English law.
🏢 Types of Companies
Business Companies (BCs) under the BCA:
Can be used for a wide range of purposes including holding companies, trading, or investment.
No requirement for local directors or officers.
Minimal reporting and confidentiality protections.
Popular in offshore structuring and asset protection.
Local Companies under the Companies Act:
Formed for operating within Anguilla.
Subject to local taxes and regulation.
Other structures include:
Limited Liability Companies (LLCs) under the Limited Liability Company Act.
Foundations and Trusts for wealth management.
⚖️ Key Corporate Governance Features
Directors and Officers:
Only one director required (can be individual or corporate).
No residency requirement.
Shareholders:
One or more shareholders allowed.
Shares may be issued with or without par value.
Annual Requirements:
BCs are not required to file financial statements or annual returns (unless specifically required under law or by the Registrar).
Companies must maintain a registered office and a registered agent in Anguilla.
🌐 Regulatory and Tax Environment
Anguilla has no corporate income tax, capital gains tax, or inheritance tax for offshore companies.
However, it complies with international financial transparency standards, including:
OECD BEPS framework
Beneficial ownership disclosure laws
Common Reporting Standard (CRS) obligations
🧭 Summary
Anguilla offers a modern, flexible, and tax-neutral corporate law regime ideal for international business. Its Business Companies Act (2022) provides a robust framework for company formation, asset protection, and minimal compliance, subject to international transparency standards.
RELATED Blog
0 comments