The Anguilla International Business Company

Company Name
Any name is acceptable, provided that it does not contain any “sensitive” or prescribed words, is not offensive or objectionable, and is not identical to, or too similar to, that of an already existing company. The words Limited, Corporation, Incorporated, Société Anonyme, Sociedad Anonima, Sendrian Berhad, Société à Responsabilité, Besloten Vennootschap, Gesellschaft mit beschraenkter Haftung, Naamloze Vennootschap or abbreviation thereof, must be included in the company name to denote limited liability.

Shares and Shareholders
An IBC requires only one shareholder. Shares may be issued as registered shares or to bearer.

Directors
An IBC may have one or more individual or corporate directors of any nationality. Except for a first “organizational meeting” no statutory meetings need to be held whatsoever, and board meetings may take place anywhere in the world, or may be conducted by telephone, if preferred. We recommend, however, that local directors or a majority of local directors are elected to ensure that effective management is conducted in the jurisdiction of the IBC at all times.

Capital
There is no minimum or maximum capital requirement. The Company may be financed through a contribution to surplus capital, which allows great flexibility in distributions of capital to shareholders. Hence, unlike many other jurisdictions, dividends may be distributed to shareholder out of surplus capital at any time by simple resolution of the Directors.

Accounts
There is no requirement to file or audit annual accounts. However, an IBC must keep such accounts and records as the directors consider desirable or necessary in order to reflect the financial position of the company. We recommend that accounts and financial statements are maintained for the Company at all times.

Administration
An Anguilla IBC must have a Registered Office and a Registered Agent in Anguilla.

Confidentiality
There is no requirement to enter the names of directors and shareholders in a public registry. A register of directors must, however, be maintained at the Registered Office of the Company.

Taxation
An IBC is exempt from stamp duties and other levies, as long as it does not carry on business with persons resident in the territory or own an interest in real property situated in the territory.

Contact Premier Management Partners N.V.

If you are interested in establishing an Anguilla IBC, or would like further information, please contact our offices via email (info@premier-mp.com) or call us at (+1) 305-675 1736.

Disclaimer:
The information contained in this memorandum is of a general nature only and should not be construed as legal or tax advice. Readers should obtain appropriate professional advice before setting up any structure. If required, PMP can refer readers to a panel of reputable tax- and legal advisory firms.