Anguilla Public Fund License

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