FAQ's: Anguilla IBC, Anguilla LLC, Anguilla Foundation

ANGUILLA IBC - FAQ's

1. Do you provide nominee services for IBC's in Anguilla?
2. I don't want to use registered shares, what do you recommend in Anguilla, bearer or nominee shareholder?
3. Do I have to file any annual reports, such as Minutes of Meetings or accounts with the Government?
4. What can you tell me about Anguilla? Is it a stable jurisdiction for an offshore?
5. If circumstances change and I change my mind about the offshore company, can I get at least a partial refund?
6. Is the information I give to you confidential? What about my proof of my identity?
7. When I have incorporated my Anguilla offshore company, are there any other fees or costs of which I should be aware?
8. Can I get an offshore bank account for an Anguilla IBC?
9. How long does it take to incorporate an Anguilla IBC?

1. Do you provide nominee services for IBC's in Anguilla?
   Yes, we do. If you want, we provide a nominee shareholder free of charge. We also offer nominee directors as a supplementary service.
   
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2. I don't want to use registered shares, what do you recommend in Anguilla, bearer or nominee shareholder?
   We recommend the use of the nominee shareholder who will issue a Declaration of Trust to the Beneficial Owner ensuring that the shares cannot be used in any way without the express consent of the real owner. This service we provide at no additional cost to you. Secondly, some banks will not open accounts for Companies with bearer shares.
   
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3. Do I have to file any annual reports, such as Minutes of Meetings or accounts with the Government?
   No. In Anguilla, there is no statutory requirement for meetings or account filing. Shareholders may hold meetings at their discretion and anywhere in the world. Accounts should be kept but do not have to be filed.
   
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4. What can you tell me about Anguilla? Is it a stable jurisdiction for an offshore?
   Anguilla is a British Overseas Territory which enjoys the stability derived from this unique association. Anguilla is also one of the few truly tax free jurisdictions left as there is no income tax levied on companies or individuals. Its laws are based on British Common Law and the Queen of England is still the Head of State.
   
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5. If circumstances change and I change my mind about the offshore company, can I get at least a partial refund?
   Once the incorporation form has been completed and the company paid for, no refund is possible. These funds would have already been used for the incorporation fees and for the other services provided.
   
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6. Is the information I give to you confidential? What about my proof of my identity?
   For proof of your identity, you must provide one picture identity document, such as: a current valid passport or current valid national ID card or current valid Social Security Card or current and valid driver's license. A clear copy of one of these must be certified scanned and emailed to us.
   
   Your identity documents which you send to us will be kept in the strictest confidence and protected under the laws of Anguilla, with a penalty of imprisonment and/or a fine. We may only reveal such information if you are suspected of doing something illegal and a court order requires us to reveal the information.
   
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7. When I have incorporated my Anguilla offshore company, are there any other fees or costs of which I should be aware?
   Yes. Every company has to pay a small annual government fee. This fee is due from the anniversary of the incorporation every anniversary thereafter. Also Anguilla requires all IBC's to have a registered office and registered agent in Anguilla. These fees are commonly referred to as maintenance fees and are not expensive. You may go to our 'Fees and Packages' page to find what is the annual.
   
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8. Can I get an offshore bank account for an Anguilla IBC?
   Yes you can. We are an official agent for most of the banks which we can introduce you to. The banks which we recommend are all secure and reliable banks. We will be happy to assist you in obtaining your offshore account, all of which provide internet banking and secure debit cards.
   
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9. How long does it take to incorporate an Anguilla IBC?
   Once we have received the payment and all the required information, it takes three days to dispatch the documentation kit by express courier service (FedEx, DHL). Sometimes due to unforeseen circumstances it can take much longer than the normal time to complete the incorporation process. Depending on your location, give a few extra days for the package to reach you. We provide a tracking number by which you can track your package via the internet.
   
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ANGUILLA LLC - FAQ's

1. Can the operating agreement of the Anguilla LLC be amended?
2. Do I need shareholder to form my Anguilla LLC?
3. Are nominee members permitted for Anguilla LLCs?
4. What is the role of the nominee member?
5. Can I afford to form an Anguilla Limited Liability Company?

1. Can the operating agreement of the Anguilla LLC be amended?
   Yes upon a unanimous agreement between members of the LLC.
   
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2. Do I need shareholder to form my Anguilla LLC?
   First of all, LLC's do not issue shares therefore its owners are not referred to as shareholders. They are known as members. In Anguilla, an LLC may be formed with just one member.
   
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3. Are nominee members permitted for Anguilla LLCs?
   Yes Anguilla LLC law allows the use of nominee member which simply facilitate the beneficial owner in matters of privacy.
   
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4. What is the role of the nominee member?
   The nominee member merely facilitates the privacy of the beneficial owner. He is not intended to assist in the management of the company or sign documents and contracts on their behalf. There are exceptions where a nominee may sign certain standard documents such as contracts, invoices etc. which will have to be approved first. In jurisdictions where there is an open registry, the nominee member will appear on the documents in place of the beneficial owner.
   
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5. Can I afford to form an Anguilla Limited Liability Company?
   You certainly can, since we have the best and most affordable offshore LLC prices, for LLC sin three key jurisdictions: Anguilla, Nevis and the US.
   
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ANGUILLA FOUNDATION - FAQ's

1. How many persons needed to form an Anguilla offshore foundation?
2. How long can a foundation be set up for?
3. Is there a benefit in having and Anguilla foundation own an IBC?

1. How many persons needed to form an Anguilla offshore foundation?
   A single founder is needed to form an Anguilla foundation; however, any number of persons (subscribers) may gift assets to the foundation during the life of the foundation.
   
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2. How long can a foundation be set up for?
   Anguilla foundation can be set up for any period or for an indefinite period of time.
   
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3. Is there a benefit in having and Anguilla foundation own an IBC?
   There certainly is, when you transfer ownership (not control) of shares in a company, and we highly recommend the Dominica IBC, to an Anguilla foundation, while you retain control of the profit making company, your interest in the company is protected by the fact that it cannot be subject to any personal claims made against you.
   
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Please also check our main FAQ section