Company Management
ACORN-Companies Registry
ACORN, the Anguilla Company Online Registration Network, is the first fully computerized online company registration system in the world. It was launched in 1998 and was developed with funding from the British government and technical assistance from Fujitsu-ICL.
ACORN allows for the on line incorporations of local and international business companies 24 hours a day, 365 days a year. It provides a fast and efficient system in all aspects of Registry administration. Users can file any document that needs to be filed or can be filed under the respective corporate legislation from Articles of Incorporation in a variety of languages including Chinese and Russian to paying annual fees and the system will provide guidance on the legal requirements when submitting documents on-line. A digitally signed electronic copy of the incorporation certificate is immediately emailed to the client on incorporation. ACORN also allows users to call up online reports, detailing transactions already undertaken and the costs and dates of those transactions. The Registrar of Companies and his team are in charge of ACORN from an operational standpoint. However, the Commission provides regulatory oversight of the Registry. The relevant corporate acts are :
The Companies Ordinance Act.
The International Business Companies Act.
The Limited Liability Companies Act.
The Limited Partnership Act.Further information on ACORN and the Companies Registry is available on www.anguillafsc.com
Company Management
Persons wishing to engage in company management business in or from within Anguilla must be licensed under the Company Management Act 2000 amended by the Company Management (Amendment) Act 2005. The Act defines company management business as the business of incorporating or forming companies, providing registered office for companies, acting as registered agent for companies, preparing and filing statutory documents on behalf of companies or foreign companies or acting as director or nominee shareholder of companies or foreign companies and includes offering or agreeing to carry out any of these activities with the intent to carry on business. It is an offence to conduct company management in and from within Anguilla without a license granted under the Act.
The minimum capital requirement for a firm engaged in company management is US$25,000. Details of application forms and fees are to be found in the Company Management Regulations 2000 and the Company Management (Fees) Regulations.
