Anguilla
By Steve Sears
Anguilla is an island located in the eastern Caribbean approximately 500 miles east of Puerto Rico near Antigua and Barbuda. Like many of the idealic islands of the Caribbean, Anguilla has a year round warm climate with beautiful white sand beaches. There is an abundance of year round outdoor activities including: skiing, para-sailing, swimming, wind surfing, golf and much more. The water temperature averages 80 degrees year round.
Since the seventeenth century Anguilla has been a British dependent territory, considered a Crown colony. Therefore, Britain is responsible for its defense and foreign affairs. It is a stable country presided over by a British Governor, and its legal system is based on English Common Law with some local changes.
The official language is English and the official currency is the Eastern Caribbean Dollar. However, the US dollar circulates frequently for local commerce purposes. Furthermore, there are no exchange controls, money can be taken in or out of the island without any permission, and profits can be repatriated easily in any currency.
As with most of the rest Caribbean countries, Anguilla’s economy is mainly based on tourism, offshore business, financial services and new construction. A remarkable characteristic of this country is that the taxes are based on consumption, not on income or productivity.
Anguilla can be a very advantageous, location since you’re automatically receives a fifty-year guarantee against future taxation. The only two requirements for this guarantee are that the settler and beneficiaries must be non-residents of the island and the trust property might not include land.
This island is a very convenient place to invest and to do business.
With many years of experience in law and taxation, Steven Sears is a licensed Attorney located in Irvine, CA. Mr. Sears is a profession in Asset Protection and offers various entities in Asset Protection at his firm. Learn more about Mr. Steven Sears at http://www.stevensearsattorney.com
Article Source: http://EzineArticles.com/?expert=Steve_Sears
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