Fact File

Fact File Supplied By:

Webster LP.

Location

Eastern Caribbean.

Time Zone

GMT -4 all year round.

Population

Approx 15,000.

Capital

The Valley.

Airport(s)

Clayton J Lloyd International Airport.

Language

English; some Spanish speakers.

Currency

Eastern Caribbean Dollar; US Dollar also widely used.

Political system

English Parliamentary.

International dialling code

+1 264.

Legal system

Based on English common law.

Centre’s expertise

Offshore fnance and administration, especially captive insurance.

Personal income tax

No income tax. 6% Universial Social Levy.

Corporate income tax

None.

Exchange restrictions

None.

Tax Information exchange agreements

For full details, please go to www.ifcreview.com/TIEA.

Permitted currencies

Any currency approved by Registrar.

Minimum authorised capital

One unit of approved currency

Minimum share issue

One.

Shelf companies

Not commonly used.

Timescale for new entities

Same day.

Incorporation fees

$350.

Annual fees

$350.

Minimum number

One.

Residency requirements

None.

Corporate directors

Yes.

Meetings/frequency

As directors determine.

Disclosure

Yes.

Bearer shares

Prohibited.

Minimum number

One.

Public share registry

Yes.

Meetings/frequency

Annual and shareholder request.

Annual return

Yes, accounts required.

Audit requirements

Only for public company.

Registered office

With registered agent in Anguilla.

Domicile issues

No issue.

Company naming restrictions

Must end with one of 10 alternative descriptors and must not be the same as, or similar to, the name or business name of any other person or of any association, partnership or firm, if the use of that name would be likely to confuse or mislead. Royal names excluded.