FAQs – 12 Frequently Asked Questions About Delaware Corporation
You may be confused about corporation types, structures, benefits, annual fees and how to form. These 12 FAQs about Delaware corporation are for you.
Anguilla is a member of Organization of Eastern Caribbean States (OECS) comprised of eight jurisdictions including Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines.
Anguilla monetary authority is the Central Bank of Eastern Caribbean (ECCB) governing banking activities. The country has its own local currency: Eastern Caribbean dollar (XCD) fixed at 2.7 XCD to 1 USD. The Financial sector is also monitored by Financial Service Commission (FSC) regarding licensing and oversight of financial service industry. Anguilla financial system includes domestic banks, insurance companies, money services, mutual funds…
The country’s banking sector currently consists of 3 domestic banks: Scotiabank Anguilla Limited, National Commercial Bank of Anguilla Limited, FirstCaribbean International Bank (Barbados) Limited which are licensed under Banking Act, 2015. Offshore banking licenses are granted under the Trust Company and offshore banking Act (TCOBA).
We currently do not support opening bank accounts in Anguilla. However, an Anguilla company can open its account in most offshore banks. We can also open your Anguilla company bank account in Singapore, but it requires you to visit the branch.
Wonder which can be the best bank for your Anguilla company? Let's find out with our Banking Tool.
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**Initial deposit is often blocked in offshore bank account; if so, this amount is often small.
However, banks in Hong Kong and Singapore do not freeze this amount, so you can use it freely. But you will be charged additional fee by not maintaining your account above min balance.
Need more references? Here is a Banking Tool to make your decision easier!
Banks might demand additionally supportive documents beyond the listed bellows to open your Anguilla corporate bank account depending on each local regulation, your business fields and on case-by-case basis.
Please contact us to know the exactly essential documents for your case.