The United States has one of the world’s highest corporate tax rates at 38.9%.
Thankfully, businesses are able to legally reduce their corporate tax bill by setting up offshore companies.
Every country is different, so choosing the right country to offshore to is important.
Read on for our 5 Key Benefits of Forming an Offshore Company in Anguilla.
1. Simple Setup
Anguilla is one of the fastest and easiest countries in which to incorporate a company.
Thanks to Anguilla’s ACORN incorporation system a company can be set up in as little as 24 hours. In Anguilla, you can start reaping the benefits of being offshore straight away.
Working with a licensed company manager or agent, the entire process can be completed online. Select a company name, details as to directors and shareholders and your due diligence information, and you are done.
One of the main reasons for setting up offshore companies is for the tax advantages.
Anguilla offers a very attractive tax regime that your company can benefit from. Anguilla has a zero rate of tax on company profits, share transfers, capital gains and even estate transfers. These are all available to registered companies, even if the owner is not a resident. This allows you to keep your current status and still gain the benefits for your company.
3. Investor Privacy
If your company has investors that value their privacy, then Anguilla is the country for you.
Although Anguilla’s commercial registry holds the list of shareholders and directors, this information is not publicly available.
Those with access to the register are legally bound to not reveal any information they access, so your shareholders can be sure of their privacy.
4. Trademark Protection
As a British Overseas Territory, Anguilla’s legal system is based on that of the UK. Anguilla is far from the ‘wild west’ when it comes to regulatory protections.
Trademarks, copyrights, and patents are all protected by Anguilla’s robust legal framework. Due to the links with the UK, British trademarks even extend to Anguilla. Incorporating a company in Anguilla allows you to gain the substantial tax benefits, without risking your intellectual property.
5. Foreign Exchange
Setting up offshore companies in Anguilla doesn’t expose you to currency fluctuations.
The East Caribbean Dollar (XCD) is pegged to the United States Dollar (USD). Thanks to this, you don’t need to worry about volatility in the country’s currency.
Many smaller countries impose restrictions on the movement of currency in the country. Anguilla has no such limits in place. Businesses are free to move as much currency in and take as much out as they need. This allows you to hold your assets in whatever form is most suitable for your company.
Setting up Your Offshore Company in Anguilla
As you can see, setting up your offshore company in Anguilla offers many advantages.
You can substantially reduce your tax bill and the entire process is easy. You don’t need to sacrifice any legal protections, nor are you forced to move.
Before setting up your company in Anguilla, contact us. First Anguilla can help with incorporating your company as well as provide financial services.