Business Companies Act 2021 – Company Law
The Business Companies Act 2021 governs the rules and regulations for International Business Companies (IBCs) incorporated in Anguilla. Below are key extracts from the Anguilla Companies Act C65, along with access to the full text of the Act.
Company Name
The word “Limited”, “Corporation” or “Incorporated” or the abbreviation “Ltd.” or “Corp.” or “Inc.” shall be the last part of the name of every company name.
In the case of a private company the words or abbreviations specified may be used in the name of the company in place of one of the words or abbreviations.
- “Sendirian Berhad” or the abbreviation “Sdn Bhd”
- “Société à Responsabilité Limitée” or the abbreviation “SARL”
- “Sociedad Anonima” or the abbreviation “S.A.”
- “Besloten Vennootschap” or the abbreviation “B.V.”
- “Gesellschaft mit beschrankter Haftung” or the abbreviation “GmbH”
- “Naamloze Vennootschap” or the abbreviation “NV”
Registered Office and Registered Agent
Every company must maintain a Registered Office in Anguilla. The location of the registered office can be changed by filing a notice with the Registrar
Articles of Incorporation
Articles of Incorporation of a company shall set out:
- Its proposed company name
- The address and mailing address of the registered office of the company and the name and address of its first registered agent
- whether the company is limited by shares or guarantee
Directors & Shareholders
A company must have at least one director. Public companies must have at least three directors, with at least two being non-officers or employees of the company or its affiliates.
For an Anguillan Offshore Company, a minimum of one shareholder, who may also be a director, is required.
Share Capital
Shares in a company are to be without nominal or par value and bearer shares are not permitted.
Company Restoration
Where a company is restored to the Register, the Court on the application of the Registrar, the company may give such directions necessary for the purpose of placing the company in the same position as if the company had not been dissolved.