This refers to a fund, which is neither a private nor a professional fund. A public fund has a duty to publish and file a prospectus. Public funds are registered under the Act. Public funds must maintain accounting records and prepare annual audited financial accounts for submission to the Commission. All licensees are subject to a Code of Practice governing matters relating to the conduct of business, financial resources, handling of clients’ money etc.

Anguilla Public Fund License Key Features

  1. Must maintain accounting records
  2. Must prepare audited financial accounts.
  3. Exemption from registration or recognition is given to a family trust fund as defined in the Act.

Anguilla Public Fund License Legal Requirements

Anguilla Public Fund License

Corporate Details

General

  • Type of Entity

Public  Fund

  • License application fee

USD 1000

  • Annual license fee

USD 1000

  • Local physical office required

No

Share capital or equivalent

  • Minimum subscription

None

  • Minimum investors

None

Directors

  • Minimum number

2

  • Corporate directorship allowed

Yes

  • Local director required

No

Service Providers Required

  • Custodian

Optional

  • Fund manager/Investment manager

Yes

  • Fund administrator

Yes (from Anguilla)

  • Audited Accounts

No

Anguilla Public Fund License Tax Treatment

There are no income, capital gains, estate, profit or other forms of direct taxation on either individuals or corporations, whether resident in Anguilla or not.

Anguilla Public Fund License Duration to set up

Around 3 Weeks

Distinctive Benefits of Anguilla Public Fund Licence

  • There are no income, capital gains, estate, profit or other forms of direct taxation on either individuals or corporations, whether resident in Anguilla or not.
  • No reporting requirements in Anguilla
  • Anguilla Public Fund License has a high confidentiality (closed the register of shareholders and directors)
  • Anguilla has a high economic and political stability
  • Well-regulated and qualified financial services industry

Why US (Key Strengths)

  1. We will advise you on the optimal legal structure for your requirements, size, expectations and circumstances.
  2. Valsen will assist to complete every form for each process in the best way we know how (Based on our many years’ experience with various regulators and service providers across the world)
  3. We are very hands on in the post filing period checking with the regulator and service providers and updating you regularly.
  4. Any queries raised by the regulators and service providers during processing will be quickly synthesized by us and we shall craft the right responses to move the process forward fast.
  5. We can provide you with fit and proper directors in case you need.
  6. We have a full in-house compliance support for all compliance requirements with the regulator and service providers