CORPORATE NAMES: Prohibited names are ones that suggest the patronage of the Royal Family, the UK Government, a political party, a university, or a professional association. Restricted names are ones that the Registrar may consider to be misleading, and include bank, financial, trust, and insurance. Such words can only be used in company names with the express consent of the Registrar. The name of an IBC must end in one of the following: Ltd., Corp, Inc., SA, NV, or GmbH.

MINIMUM CAPITAL REQUIREMENTS: There is no minimum capital requirement, but there are no differences in Government fees based on the authorized capital.

TAXES: There are no taxes or exchange controls on Anguilla.

SHARES: Only shares of no par value may be issued, but such shares may be issued for any consideration (i.e. money, property, or past service), and may be transferred in any manner. In addition to private companies that are limited by shares, companies may be limited by guarantee or by a combination of shares and guarantee. Bearer shares may not be issued.

INCORPORATION: On filing a basic three-page form (i.e. Form 5, the Articles of Incorporation), along with two one page forms (i.e. Form 65 & 73, Notice of Directors; and Form 147, Notice of Registered Office) the company is created with the full capacity of, and all the rights, powers, and privileges of, an individual.

TRANSFER OF DOMICILE: Domicile may be relocated into or out of Anguilla.

DIRECTORS: There is no need for more than one director, who may be the sole shareholder, and there is no need for any additional officer to be appointed. Directors may be either an individual or a company; need not be resident on Anguilla; may hold office until death, resignation or replacement; may set their own emolument; may be fully indemnified; may appoint alternatives. Directors have full control over the affairs of the company without the need of additional by-laws to confer particular powers. Directors are a matter of public record who must be named at the time of incorporation, and updated annually thereafter, on the anniversary date of the incorporation.

RESTRICTIONS: A S.P.C. is the standard company owned by ordinary Anguillian businessman and women. As such a S.P.C. is subject to very few restrictions, yet is able to realize the numerous benefits of the unique fact that there are no internal taxes on Anguilla. The number of shareholders may not exceed eleven, and invitations to the public to subscribe for shares or debentures are prohibited.

REPORTING REQUIREMENTS: Annually, on the anniversary date of the incorporation, basic two-page form must be filed (i.e. Form 154, The Annual Return) which requires that the names of current shareholders, directors, and officers, be listed.

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