Are you going to put some money in an offshore account? You might want to consider looking into Anguilla.
Anguilla is quickly rising to the top of the list of locales for offshore operations. This British overseas territory has become a refuge for many of the U.S. companies holding over $2 trillion in offshore profits.
But why are people choosing to set up offshore operations in Anguilla? What are the benefits?
You might be surprised to learn about the tax benefits and stability that Anguilla has to offer. Read on to learn the possible benefits of this venture.
Stability
When looking into offshore locations for your company, there are many different factors to consider. One of the most important factors, however, is stability.
Many offshore jurisdictions offer tax and economic benefits but fail to offer stability. These locations can suffer from political unrest that can make investors wary.
Anguilla is one of the most stable offshore jurisdictions in the world. This British common law territory has self-governing powers. Its elected officials serve under the democratic House of Assembly. British rulers also appoint Anguilla’s Governor.
This democratic system of governance is helping Anguilla to build a solid economy and infrastructure. In other words, you won’t have to worry about your offshore investments.
Anguilla has also seen an improvement in their economic stability. They’ve seen a 3.1 percent economic growth since 2013. They also have a positive economic growth forecast for the coming years.
Recently, the Caribbean Development Bank announced a $35 million partnership with Anguilla. This partnership aims to improve banking system stability in the area.
Taxes
Have you ever heard the quote “Nothing is certain except death and taxes?” It doesn’t apply to Anguilla.
There are many tax advantages to investing in offshore companies. While many locations can offer businesses tax breaks, few locations can provide tax-free investments.
Anguilla, on the other hand, is a tax neutral location. That means it operates as a tax-free jurisdiction.
There are no foreign exchange control regulations in Anguilla. This tax-free jurisdiction applies to all forms of tax including income, and capital gains. Any individual over 18 who is not bankrupt may legally set up offshore operations in Anguilla.
This liberal tax policy has made Anguilla a popular destination for businesses. Businesses still have to abide by the laws in their home country in order to legally operate in Anguilla. This means things like worldwide income are still taxable. Speak to your local tax advisor to explore all your advantages.
But it’s a small price to pay to reap the rewards of this tax-free area. There’s no telling how much worldwide income is already being invested in this offshore jurisdiction.
Your Offshore Operations
There are many offshore choices for your business. But few of these choices offer you the stability and tax-break that you’ll find in Anguilla.
What are you waiting for? Contact us to learn more about setting up your offshore private banking account today.