Current time in Anguilla
What is the purpose of an offshore company?
The main purpose is either tax reduction, avoidance or deferral or asset protection and confidentiality. Some offshore companies are not incorporated to serve any tax reduction purpose but serve as a protective shell for some assets of the owner. For example, Anguilla is the perfect jurisdiction in which to shelter certain assets from enforced heirship rules where the owner resides. Anguillan law prohibits such claims.
Why Anguilla and not one of the other Caribbean offshore centres?
There is no income tax, no corporation tax, no capital gains tax, no capital transfer tax, no value added tax, no withholding or accumulating tax, no death tax and no foreign exchange control regulations, no enforced heirship rules. There are strong business privacy laws, excellent trust and asset protection laws, stable government and no history of money laundering unlike some of its neighbours in the Caribbean.
Do you have available shelf companies available?
Usually; but we are not in the business of simply incorporating entities for customers and nothing more.
How long does it take to establish a new company?