22.01 ANDORRA

This 700 year old miniature state in the Pyrenees is located between France and Spain. In theory, it is rules jointly by an archbishop and a monarch from Paris and Madrid. In fact, it is independent. It is the choice of those who enjoy a mild alpine climate, winter sports, and political and economic stability. It has a high standard of living. Immigration permits are very difficult to obtain but not impossible. Andorra has zero tax liability and maintains absolute discretion with foreign tax authorities. Like the Island of Sark , it does not have a registrar of companies and so has not become an offshore zone for company formation. It is nevertheless possible to do business from Andorra and formal residency has significant advantages for some persons. It is highly recommended for persons looking for a place to buy a second home in the mountains. The skiing is great and it is much more relaxed than Switzerland . The miniature state has miniature regulations and virtually no government.
(Courtesy of the Baltic Banking Group).

Find the contact names, addresses, numbers and information for local government offices, banks, accountants, company formation services, investment and management companies, advisors, experts, maildrops, real estate agents and other useful local contacts in the THE OFFSHORE MANUAL & DIRECTORY .

22.02 ANGUILLA

This British Dependent Territory has modern legislation: The Companies Ordinance 1994. Most names are available, however you can not use "Bank", "Trust", "Investment" or names that suggest the patronage of the Royal Family without authorization. Names must end in: "Ltd.", "Corporation", "Corp.", "Incorporated", "Inc.", "SA", "GmbH" or similar designations. Incorporations can be completed within 24 hours and shelf corporations are available. It is possible to have bearer and no par value shares. It is possible to operate with one director, who may also be the secretary and the director/secretary may reside outside of Anguilla. Meetings may be held anywhere. A Registered office and agent must be in Anguilla; however, no information concerning shareholders or directors needs to be disclosed. The minute book, resolutions, seal and shareholder register must be kept at the registered office. No annual return is required but an annual fee in the amount of US$250 must be paid assuming all shares are no par value shares. Anguilla does not have any exchange controls or double tax treaties. There is a government fee of US$250 due upon incorporation assuming a capitalization of US$50,000 or less.
(Courtesy of the Baltic Banking Group).

Find the contact names, addresses, numbers and information for local government offices, banks, accountants, company formation services, investment and management companies, advisors, experts, maildrops, real estate agents and other useful local contacts in the THE OFFSHORE MANUAL & DIRECTORY .

22.03 ANTIGUA AND BARBUDA

In the 1970s and 1980s many of the British Dependent Territories were happy to accept applications for banking licenses with a minimum of paperwork and fuss. This resulted in significant scandals because of criminal activity. Therefore the United Kingdom imposed increased standards on these territories so they are now unwilling to receive applications from anybody other than existing international recognized banks. Therefore, jurisdictions siúch as the British Virgin Islands , the Turks and Caicos Islands , Cayman Islands etc. are worthy of consideration if the applicant is a major financial institution. Antigua, as an independent Caribbean Island is an exception. It is currently welcoming applications for a banking license. There is a requirement to have a paid in capital US$1,000,000 but no requirements regarding capital reserves or loan ratios are imposed and no physical presence on the island is needed which cannot be provided by a management company. Antigua therefore represents a possibility to obtain a banking license without the considerable costs which would be experienced in most other competitive jurisdictions. The capital requirement is higher than that which is experienced in some of the Pacific Rim Islands but the license granted is broader.
(Courtesy of the Baltic Banking Group).

Find the contact names, addresses, numbers and information for local government offices, banks, accountants, company formation services, investment and management companies, advisors, experts, maildrops, real estate agents and other useful local contacts in the THE OFFSHORE MANUAL & DIRECTORY .