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 Current time in Anguilla |
Anguilla’s legal system is based on British Common Law, supplemented by local statutes enacted by the local House of Assembly. The judiciary is independent of the executive and legislative branches of government and is fully independent of political influence.
Anguilla has, since 1992 (and specifically in 1994), introduced and adopted numerous pieces of modern financial services legislation. These laws were drafted with input from all elected legislators, with the advice of the private sector practitioners and the consent of British Government.
The Confidential Relationship ordinance of 1981 prohibits the disclosure of information relating to a person’s financial business on Anguilla. Anguilla is a participant of the Mutual Legal Treaty Assistant with Britain and the US and by virtue of this treaty, Anguilla is obliged to assist in the investigation of criminal offences. However, as Anguilla does not have tax laws, tax related issues are not offences under Anguillian law; therefore purely tax related matters cannot be a basis for the authorisation of disclosure.
There are no personal income taxes, no corporate tax, no inheritance tax, no foreign exchange control regulations, no withholding tax, no capital gains taxes. No estate duty tax, no profits or wealth taxes.
The provisions of the Confidential Relationship Act of 1981 make Anguilla the ideal partner jurisdiction with Andorra, where privacy is concerned.
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