Residence for Tax Purposes

Residence for Tax Purposes 4. (1) Where an Applicant proposes to— (a) pay the prescribed amount of Annual Lump Sum Tax Payments for a period of 5 years; (b) own and maintain Approved Real Estate in Anguilla valued at or above the prescribed amount; (c) establish other genuine links to Anguilla, in accordance with the guidelines published from time to time by the Agency; (d) be physically resident in Anguilla at least 45 days in each calendar year; (e) make a declaration, in writing, whereby the Applicant agrees to pay Annual Lump Sum Tax Payments for a period of 5 years; and (f) make a declaration, in writing, annually, that the Applicant is physically residing less than 183 days in each calendar year in any other country and the centre of vital interest is in Anguilla, an Application under the RTP shall be submitted on his or her behalf through an Authorised Agent. (2) The Applicant shall prepay to Inland Revenue from funds held in escrow in Anguilla with the Agency or Authorised Agent, the Annual Lump Sum Tax Payments for the first year and thereafter on 31 March of each year. The Annual Lump Sum Tax Payments for the first year may be prorated, depending on the date of final approval under the RTP. (3) The Tax Residence Certificate issued to the Applicant under section 11(6) shall be issued on an annual basis and, subsequent to the year in which the final approval under the RTP was issued by the Agency, the Applicant shall, by application to Inland Revenue, renew the Tax Residence Certificate each year for no less than 4 taxation years in accordance with requirements issued by the Agency.

(2) Any person who— (a) is at least 18 years of age; and (b) meets the Application requirements under section 4; may apply to become a tax resident of Anguilla pursuant to this Act.

(a) pay the prescribed amount of Annual Lump Sum Tax Payments for a period of 5 years; (b) own and maintain Approved Real Estate in Anguilla valued at or above the prescribed amount;

## Becoming a Tax Resident in Anguilla To be recognised as a tax resident in Anguilla, applicants must meet the following requirements: - Annual lump-sum worldwide income tax payment US$75,000 - Ability to transfer 5 years annual lump-sum tax obligations. - Property ownership minimum US$400,000 - Annual minimum 45 non- consecutive days to be spent in Anguilla - Establish genuine links in Anguilla, such as bank accounts, memberships. - Good character & good health - Annual declaration less than 183 days spent in any other country - Pay application and due diligence fees FAMILY Principal applicant, spouse, children under 18, adult children under 26 in full-time tertiary education, mentally/ physically impaired adult children fully supported by applicant, children of the spouse. FEES Due diligence fee adults US$7,500, children aged 16/17 US$2,500, Children 15 and under US$0 Processing fee: US$3,000 family of 4, additional applicants US$500p.p.

(3) Any person who is a Dependant may apply along with the Applicant as part of the Application.

Residence for Tax Purposes 4. (1) Where an Applicant proposes to— (a) pay the prescribed amount of Annual Lump Sum Tax Payments for a period of 5 years; (b) own and maintain Approved Real Estate in Anguilla valued at or above the prescribed amount; (c) establish other genuine links to Anguilla, in accordance with the guidelines published from time to time by the Agency; (d) be physically resident in Anguilla at least 45 days in each calendar year; (e) make a declaration, in writing, whereby the Applicant agrees to pay Annual Lump Sum Tax Payments for a period of 5 years; and (f) make a declaration, in writing, annually, that the Applicant is physically residing less than 183 days in each calendar year in any other country and the centre of vital interest is in Anguilla, an Application under the RTP shall be submitted on his or her behalf through an Authorised Agent. (2) The Applicant shall prepay to Inland Revenue from funds held in escrow in Anguilla with the Agency or Authorised Agent, the Annual Lump Sum Tax Payments for the first year and thereafter on 31 March of each year. The Annual Lump Sum Tax Payments for the first year may be prorated, depending on the date of final approval under the RTP. (3) The Tax Residence Certificate issued to the Applicant under section 11(6) shall be issued on an annual basis and, subsequent to the year in which the final approval under the RTP was issued by the Agency, the Applicant shall, by application to Inland Revenue, renew the Tax Residence Certificate each year for no less than 4 taxation years in accordance with requirements issued by the Agency.