ANGUILLA FOUNDATION
Anguilla Offshore Foundations
The fundamentals of the Anguilla offshore foundation are based on similar international foundation laws which allow the formation of a protective and functional Anguilla Foundation. The Anguilla Foundation Act 2008 is the supportive legislation for the Anguilla Foundation; these laws are tweaked and modified just enough to offer investors in Anguilla Private Foundations a superior product that maximizes investor benefits.
Anguilla Foundation Key Features
- The assets in the Anguilla foundation must have a minimum value of US$10,000;
- Foundations can be formed by one or more individuals or corporations;
- Assets held by a foundation in Anguilla can be real, tangible or intangible;
- Assets within a foundation are protected from insolvency or bankruptcy, seizure, claimed or sold;
- Cannot carry out any activity, from or within Anguilla;
- Cannot conduct any financial services unless licensed to;
- The initial endowment may be registered or deposited.
The foundation is like a corporation, it is a separate legal entity that can buy and sell property, sue and be sued, enter into contracts and hold assets in its own name.
Anguilla Private Interest Foundations Benefits
The Anguilla Foundation law is written on the Liechtenstein Private Foundation model, and is a hybrid entity that combines the features of Trusts and Corporations.
- Anguilla offshore Foundations in all forms are exempt from all taxes and duties as long as founder and beneficiaries are non-resident and all of the endowed property and interests is held outside Anguilla;
- The Anguilla Foundation has the same consideration as companies and is usually regarded as a corporate entity;
- Anguilla foundations may be registered or deposited where if it is deposited rather than registered, it enjoys a higher degree of privacy;
- No Anguilla Foundation, nor any contribution to an Anguilla Foundation, will be void or voidable because of foreign law or judgment;
- Assets gifted upon an Anguilla Foundation constitute an estate independent from that of the founder(s);
- Anguilla offshore foundations can carry out any kind of civil or commercial transactions apart from activities prohibited in Anguilla or any financial services business (unless the required license has been obtained).
Anguilla Private Foundation Requirements
In order to set up or form an Anguilla foundation, the following conditions must be met:
- One or more natural or legal persons may establish a foundation;
- The initial property endowment (in any legal currency) must have a minimum value of US$10,000
- All Anguilla Foundations must have an Anguilla registered agent acting on their behalf
- The Anguilla Foundation is established through the written declaration of establishment
- Name of foundation
- Property endowed
- Name, address of founder or founders
- Full name of foundation council member (minimum of 1)
- Name and address of registered agent
- Name and address of resident secretary (may be the agent)
- Purpose of the foundation
- Laws of governance and operations
- Duration of foundation
- Beneficiaries name ( if desired)
- Meetings shall be held at such times as Foundation Council may determine and may be held anywhere in the world.
- A foundation shall keep or may have cause to keep such accounts or records as its council deems necessary.
All Inclusive Regular Anguilla Foundation Package - $1540!
All Inclusive Anguilla Foundation Packages with Nominee Council Member - $1790!
Offshore Foundations to Consider: