Anguilla is located approximately 170 miles east of Puerto Rico and just 5 miles north of St. Maarten. This island of 16,000 people is 16 miles long and 3 miles wide. The topography features rolling hills covered by sparse vegetation. However, Anguilla compensates for the lack of lush mountainous terrain by offering some of the most exquisite white sand beaches in the entire Caribbean, undisturbed reefs for snorkeling & diving, and a consistently dry climate. Life here is tranquil and Anguillans are extraordinarily friendly.
The island of Anguilla has emerged as one of the Caribbean’s most preferred destinations offering marquee resort hotels, numerous elaborate vacation villas, world-class beaches, and nearly perfect year ‘round weather. Dining on Anguilla is a joy manifest by some of the region’s top chefs and finest restaurants. Fortunately, with no jet ports, no mass tourism, and no casinos – the island has sustained its quiet sophistication. Anguilla is considered a very desirable investment and lifestyle destination.
Anguilla fulfills the requirements of many of today’s upscale buyers and investors. Its premium hotels attract affluent tourists and most homes built here are built to high standards. It is politically stable and has a generally cooperative government in complete support of a free enterprise system.
The advantages to investing here are many: no personal income tax, corporate income tax, inheritance tax, capital gains tax, sales tax, and no foreign exchange controls. The island offers free transfer of funds on all profits, dividends, interest, royalties, and capital out of Anguilla. Tax shelters and duty-free concessions are also available. There are also accounting, insurance, legal, and real estate firms providing a full complement of services.
Individuals wishing to buy land here must obtain an Alien Land Holding License. Requirements include disclosure of name, citizenship, profession, intent of purchase, details of proposed construction and timetable, price, capital outlay, and references. There is a modest application fee. The actual cost is 12.5% of purchase price of the property plus a 5% Transfer Tax. The process usually entails approximately 3 months.
Not many islands offer such an attractive scenario: affluent tourists, growing recognition, cooperative government, room for development, and wonderful physical attributes. If the government can maintain an overall concept for ecology, esthetics, and expansion this, indeed, will one of the premier destinations for many years to come.