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Formation or Continuation in Anguilla

We recently reported on the use of Delaware, Nevada and Wyoming as jurisdictions to redomesticate existing companies. A must jurisdiction to consider if you wish to redomesticate and plan to remain in an “offshore” jurisdiction is the island of Anguilla. Anguilla is a politically stable and democratic island in the Caribbean and a British Overseas Territory. Its International Business Companies Act of 1994 and amended in 2000 is quite comparable to the Delaware corporate law and wonderfully flexible. In addition, Anguilla has a state of the art corporate registry. IBCF is a licensed offshore agent of the government of Anguilla and, through a secure Internet connection and a deposit account, can create a new IBC or LLC in minutes and can email you a Certificate of Incorporation within the hour! See http://www.ibcf.com/anguilla.htm. What’s more, it is very cost-effective for a generic offshore choice and has one of the widest choices of name availability. As with Delaware, Nevada or Wyoming, Anguilla also has a domestication provision, called Continuation. The date of existence of the company will date back to the original date of formation and existing obligations will not be impaired. The cost of continuation is comparable to the cost of forming a new IBC. Documents required are: (1) a copy of the original certificate of incorporation (2) a copy of the company’s constitutional documents (the equivalent of the Articles of Incorporation.) (3) a Certificate of Good Standing that the company is in good standing. (4) Copy of the director’s resolution authorizing the continuation Anguilla also has excellent privacy standards. A roster of Directors and shareholders is NOT filed at the corporate registry; it must be maintained at the registered office of the company but is not open to public inspection.


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