Business accounts: Anguilla

Updated 5 October 2026

An honest assessment before work starts, the quote is fixed in writing.

Anguilla is a British Overseas Territory in the Caribbean. Payments are made in Eastern Caribbean dollars, pegged to the US dollar at EC$2.70, and in US dollars. Local commercial banks are supervised by the Eastern Caribbean Central Bank, while the rest of the financial sector, including trust and corporate services, is regulated by the Anguilla Financial Services Commission. Anguilla has no direct taxes: no income tax, corporate profit tax or capital gains tax, for residents or companies.

What the bank checks

• the owner's identity, address and tax residence;
• the link to Anguilla: residence, property, business on the island;
• the source of funds and purpose of the account;
• the countries payments will involve.

Banks in small Caribbean territories depend on correspondent banks in the US and Canada, so they check clients strictly and refuse when the origin of money is in doubt. No taxes in Anguilla does not mean no taxes where you live: the island exchanges account information with other countries.

Documents

• passport and a second ID;
• proof of address, and for property owners the title document in Anguilla;
• a reference letter from your bank;
• proof of income and source of funds;
• tax residence details.

Currency and transfers

Anguilla belongs to the Eastern Caribbean Currency Union with other islands of the region, so the Eastern Caribbean dollar is shared with its neighbours and its rate to the US dollar is fixed. Most prices and property deals are in US dollars, so a two-currency account is convenient. International transfers go through correspondent banks, so for large incoming payments the bank asks for documents on their origin in advance.

Why applications are refused

• no link to Anguilla;
• an unverified source of funds;
• links to sanctioned countries;
• activity risky for correspondent banks.

What we do

We assess the chances, choose a bank for your status, prepare documents and a source-of-funds explanation, and handle the application until the decision. A manager will calculate the cost in the chat.

An account for an Anguillan company

An Anguillan company is formed under the Business Companies Act 2022 through the electronic registry, and the state fee for a company with share capital is $350. Annual fees and the annual return are due by the end of the quarter in which the incorporation anniversary falls. A bank will open an account for an Anguillan company if it understands the business: who the clients are, where the money comes from and where the business is actually run. For a company operating only outside the island, the account is more often opened elsewhere; an Anguillan bank is chosen when there is activity or property on Anguilla.

Documents for a business account

• certificate of incorporation, articles and register of members;
• passports and proof of address of directors and beneficial owners;
• a business description, contracts and expected turnover;
• proof of source of funds;
• bank reference letters.

More in company registration in Anguilla.

How a business account is opened

1. Activity. We establish where the business is run and whether an Anguillan bank is needed.
2. Documents. We prepare the file on the company, owners and source of funds.
3. Application. We file it and answer the bank's questions.
4. Opening. The bank opens the account after its checks.

What we do

• Corporate account - opening assistance

See also

Company formation · Personal account · Investment property

FAQ