Michael S. Dell (Dell computers) is building a mansion on this island paradise - we were told by two islanders of substance. So is Arnold Swartznegger. There are only 10,000 people on this island, no larger than Nassau, Bahamas. There is a lot of development going on.
About 18 months ago I recommended Dell computer's stock in my newsletter as a purchase. After gathering information on Dell's website, I learned that Michael Dell was selling $500,000,000 of Dell stock, not once but twice in that year. SEC rules require insiders to disclose their sales in advance.
Anguilla's Financial Services Sector has grown (IBC startup and renewals) by 40% over fiscal year 2,000 numbers through June 30th 2001. They still have banking confidentiality legislation and are British crown dependency/territory. "Colony" is not a word the British like to use any longer.
Just a few years ago, the British government dumped £14 million pounds into the island - over a three year period. They also back up their current offshore legislation - which is actually a bit better than rival Cayman and BVI - both very large/established financial centers.
We ate breakfast almost every morning at an Englishmen's resort called the Malliouhana. The Malliouhana had over 200 royal palms lining the driveway to his resort. Rooms top out at over $2,500 per day (in season) (with pool). The owner has his ocean home mansion right next to his resort. We didn't stay at this beautiful resort, only ate breakfast there.
Breakfast for three was under $50 every time.
The name Malliouhana was the original name of the island of Anguilla, given to it by the Arawaks, an Amerindian people who occupied/settled this and other the Caribbean Islands (including Cuba) from 2.000 BC. The English first settlement came in 1650 (amongst the Indians). Columbus brought some back to Ferdinand and Queen Isabel of Spain.
But, the English colonists of Malliouhana had hardly settled down, when a "warrior" people called the Caribs (from South America) raided the islands, killing most all the men, and taking the woman and children for slaves. Their village was destroyed.
There are several 5 star resorts on the island - including Cusinart Resort and Spa.
Water temps are lower than those in Nassau (currently 88º). That was surprising.
Beaches in Anguilla were more numerous, and there was no traffic anywhere - ever.
That was a real plus.
There is practically no crime, and almost full employment for this little island paradise - country on the move - up.
Thomas Azzara
New Providence Estate Planners, Ltd.
(Consultants)
54 Sandyport Drive
P.O. Box CB 11552
Nassau, Bahamas
Fax/phone: (242) 327-7359>
website: http://www.bahamasbahamas.com/
email: taxman@batelnet.bs
Call me at 242-327-7359 with your questions. - 9AM to 5PM - New York time zone is best.
In the last 12 years, I've incorporated over 1,350 International Business Companies here in Nassau!
Beginning in 2,001, we began forming IBCs out of the Crown Colony and no tax haven of Anguilla - 150 miles east of Puerto Rico.
At that time, we had a total of over 400 IBC's (in-house) that are mostly Bahamian in origin, but most all moved to better jurisdiction - in our opinion.
We've formed more than 220 Anguillan IBCs since the beginning of this year (1-3-2001 thru 2-1-2002).
It takes less than one day to get the necessary documents and the company registered in Anguilla, and then, on the way back to client the next day.
In January, 2001, I became an "Overseas Agent" for the Anguilla Government Registrar of Companies, and as such, have a signed "official" Agreement with them. I also have similar agreement with a barrister/firm in Anguilla - also working directly with Anguilla Government.
We/I can and will provide you with bank contacts and application information for good banks in the following jurisdictions: Isle of Man (a major institution) + Anguilla (2 banks there - one used by the Anguilla government) + Bermuda (one of oldest banking institutions in offshore world).
