With the Paradise papers leak in 2017 and the infamous Panama papers leak the year before, it has become increasingly more important to choose the right destination for offshore investment. MSI's Anguilla law member WEBSTER provides further insight.
It will require careful consideration, planning and skilful professional advice. It will also no doubt require a jurisdiction with a politically and economically stable environment, sound legislation, low tax (or zero tax), a solid banking framework and a discreet environment. The good news is that Anguilla is such a jurisdiction and, depending on your situation, offshore investing can offer many advantages.
Anguilla offers a wide range of investment vehicles and strategies to capitalize on the advantages not offered in an investor’s home country. The favourable tax rates in Anguilla are designed to promote a healthy investment environment.
Anguilla is a popular location for restructuring ownership of assets. Through trusts, foundations or corporations, individual wealth can be transferred to other legal entities.
In addition, Anguilla has laws establishing strict corporate confidentiality with serious consequences for any breach of confidentiality. Importantly, although Anguilla is a discreet jurisdiction, its laws will allow the High Court to order disclosure to third parties in cases of illegal or other wrongful activity. For the high-profile investor keeping his or her identity confidential whilst purchasing shares in a company offers a significant legal and financial advantage.
