Anguilla on Offshore Banking

Anguilla is a British Overseas Territory, having a constitutional relationship with Britain similar to the Cayman Islands, the British Virgin Islands and Bermuda. It lies in the Eastern Caribbean, very near the French/Dutch island of St. Martin/St. Maarten (7 miles), and to the East of Puerto Rico (200 miles) and the British Virgin Islands (94 miles) with St. Kitts and Nevis and Antigua to the South EastThe FA provides for the establishment, operation and regulation of civil law type foundations

Anguilla’s position in the global offshore financial services industry has never looked more promising. The main factors which set Anguilla apart are: its stable constitutional position as a British Overseas Territory; its well regulated and competent financial services industry; its status as a true zero-tax jurisdiction; and its market leading, state-of-the-art, Anguilla Commercial Online Registration Network (ACORN), which revolutionises the company formation process.

There was considerable legislative activity in Anguilla during the year 2005. Three significant pieces of legislation have been submitted to the House of Assembly as follows and it is anticipated that they will soon be enacted.