Order Anguilla Foundation Online!

Order Anguilla Foundation (Nominee) Online!

Anguilla Foundation Legislation

• Anguilla Foundation Act, 2008.
• This model of foundation is based on civil law, as found in Panama, Leitchtenstein, Monaco, Nevis, The Bahamas, and Belize. The Anguilla foundation law is modeled off the Liechtenstein Private Foundation and is a hybrid of the trust and a corporation.

Anguilla Foundations Advantages

• The foundation is a tax free entity — exempt from all local taxes and duties.
• Arbitration tribunals are permitted — matters and disagreements of the foundation may be settled by a negotiation process. The parties involved forgo resolution by the courts altogether. Disputes are settled in a closed setting. The arbitration committee can interpret the Declaration of Establishment (DOE)/By-laws according to their own terms.
• No founder, member of the council (nor any creditor of a member/founder) has any claim, ownership or right to the assets in the Anguilla foundation; the assets in the foundation make up an estate that is independent from the founder or member.
• The Anguilla offshore foundation has a wide range of uses and purposes, including the conduct of civil and commercial transactions.
• The foundation can be revoked, changed or amended.
• Liabilities are corporate liabilities and cannot be attached to council members.
• Under the law, the foundation is protected against forced heirship ruling and protects against other foreign rules and laws.
• The foundation may open, own and operate bank accounts; they may buy and sell real estate.

Requirements for Anguilla Foundation Establishment

If you want to order an Anguilla Offshore Foundation these are the specific conditions and requirements that must be fulfilled.

• You must use the services of a local agent (that’s us)
• You must set an endowment of no less than US$10,000
• Complete the Declaration of Establishment DOE (we provide that online)
• Pay up Government Fees (we include this in our fees)

Bodies of the Anguilla Foundation

• The founder — Anguilla foundations can be formed by one or more persons or corporations.
• The foundation council — the foundation council must have at least one member. That member can be a founder or a beneficiary as well. We provide nominee services in our Nominee Packages. Your privacy is maintained when you use nominees for it is their names that show up on documents, not yours. We provide signed letters of resignation for the member and give you a Power of Attorney.
• Secretary — all Anguilla foundations need a local secretary. We appoint one for you, and that is included in the package.
• Guardian — while this is an optional position we recommend it for clients who use nominee services. You as the founder can empower another person (can be yourself) to oversee the foundation and the council. Once written in the DOE or By Laws, the Guardian can have power to hire or fire council members, and has ultimate control of the operations of the foundation.

Anguilla  Foundations Maintenance

• The foundation must hold at least one meeting annually, but that meeting can be held anywhere in the world.
• Accounts, bookkeeping or audits for government purposes are not needed. The foundation may on its own decide on its reporting requirements.
• Annual renewals must be paid up (by agent) to maintain the foundation on register. We will send annual notices to you in advance.

Anguilla Offshore Foundation Restrictions

• The Anguilla foundation is prohibited from carrying out activity in, or from within Anguilla.
• Must have appropriate license to conduct, banking, and insurance or financial business activity.
• To maintain an international or offshore status, the foundation cannot include Anguilla property and none of the founders or beneficiaries can be Anguilla residents.

Documentation Required for Anguilla Foundation Registration

Information you will need for DOE completion:

1. Name of foundation — must end with the word ‘Foundation’ or an abbreviated form of the word.
2. Initial endowment value (no less than $10,000).
3. Name and addresses of:
   1. Founder
   2. Anguilla Foundation council member ( nominee or personal)
   3. Secretary ( we provide)
   4. Guardian ( if desired)
   5. Designated beneficiaries (if any)
4. Purpose of the foundation
5. Provisions for powers, inclusion of Bylaws, and other lawful provisions.

Once we have received payment and completed your order for the Anguilla foundation, you will be sent a Certificate of Registration as proof of existence. It is issued by the Registrar and contains only:

• Date of registration
• Name of foundation
• Foundation registration number
• Names and addresses of members
• Name and address of agent
• Purpose of the foundation
• Initial subscription or endowment value

The certificate is valid for one year from date of registration, after which you must complete the renewal process. There are penalty fees for late renewals and if not renewed Anguilla foundation can be struck off or terminated.

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