Anguilla

GENERAL INFORMATION

CORPORATE REQUIREMENTS

Name: The name of an IBC must indicate that the company is Limited. A company name can be verified by direct computer link with the Registry and confirmed within one hour of being requested.  The incorporation will usually take two to three working days. Chinese company name is allowed and will show on the C.I. and M&A.The following words cannot be used either in English or any other language:  ‘Assurance’, ‘Bank’, ‘Building Society’, ‘Commonwealth’, ‘Co-operative Society’, ‘Fidelity’, ‘Friendly Society’, ‘Fund’, ‘Guarantee’, ‘Indemnity’, ‘Insurance’, ‘Re-insurance’, ‘Trust’, ‘Trustee’, ‘Underwriter’, ‘Royal’, ‘Imperial’, ‘Empire’, ‘Municipal’ and ‘Chartered’ or any derivatives of any of these words without the written consent of the relevant department of the local government.

Capital:  The authorized capital of an international business company may be stated in any currency approved by the Registrar and the par value of shares with a par value, if any, shall be expressed in the same currency.

Shareholders: An exempted company need to have one shareholder and shares can be issued in bearer or registered form.  There is no requirement to file the details of shareholders on any public record.

Registered Office / Agent: As a matter of local company law the company must maintain a registered office address within Anguilla and a registered agent as well.

Directors / Officers:A minimum of one director is required and corporate directors are permitted.  There is no requirement to file the details of directors on any public record.

Register of Members:A copy of the share register must be kept at the Registered Office commencing from the date of registration of the Company.

ANNUAL LICENSE DUE DATE AND PENALTIES