Personal 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.

A personal account in Anguilla

Anguillan banks open accounts for individuals with a link to the island: you live here, own property or earn income on Anguilla. The bank will ask for a passport and second ID, proof of address, a reference letter from your current bank and documents on income and source of funds. No taxes make the island attractive to live in, but an account alone does not change tax residence, which depends on where you actually live.

How a personal account is opened

1. Status. We confirm your link to the island.
2. Documents. We gather your passport, address, references and proof of income.
3. Source of funds. We prepare a clear explanation of where the money comes from.
4. Application. We file it and answer the bank's questions.
5. Opening. The bank opens the account and sets up online banking.

Property and the account

A foreigner who is not an Anguillan belonger needs an alien landholding licence to buy land or a house on the island. Payment for such a deal goes through an Anguillan bank, and it helps to open the account in advance: purchase funds arrive there, fees and transfer taxes are paid from it, and later upkeep costs and rental income go through it.

What we do

• Personal account - opening assistance

See also

Company formation · Business account · Investment property

FAQ