ANGUILLA
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What is ACORN ?
ACORN is a state of the art companies registry
system developed by Anguilla with financial assistance from the UK Government. It allows
Ordinary Companies, International Business Companies, Limited Liability Companies and
Limited Partnerships to be incorporated and registered in Anguilla electronically through
the Internet. Companies can be incorporated instantly 24 hours a day, 365 days a year from
anywhere in the world. In addition to company registrations, ACORN also enables all other
corporate registration activities, which are either required or permitted under the
appropriate company legislation, to be undertaken online. The system is available to all
licensed practitioners within Anguilla and to their overseas agents. Overseas agents are
required to be registered with the Financial Services Department of the Government of
Anguilla in order to access the Registry’s services directly. There is no charge for
becoming a registered agent or for access to the system.
What does the system doWhat does the system do ?
The system allows users to do electronically all
that is currently done or can be done in paper form with the Anguilla Companies Registry.
Registered users will be provided with software that enables them to have a secure digital
encrypted access to the system, supplemented by individual user password controls.
The ACORN menu presents a user friendly list of administrative
functions, name search and name reservation and the three types of corporate vehicle plus
limited partnerships mentioned above, The administrative functions permit:
- To establish user password control
- To view all fees
- To do full company searches
- To view announcements
- To view the legislation particular to a document being submitted or to an
activity being undertaken at any time
- To obtain help with respect to any function of the system at any time
- To retain incomplete documents in a separate pending file.
Name search can be done
alphabetically, phonetically or on a keyword basis. The system tells you immediately
whether the name is free, not free or reserved. The name may then be either reserved for a
period of 10 days without cost or for a longer period with the payment of the relevant
government fee. Alternatively, the name of the company may simply be incorporated
directly. If the user wishes to reserve a name, the system produces a reference name
reservation document. The system allows multiple searches and reservations (initially up
to 20 names) and the names of companies and their articles can also be incorporated in
foreign languages.
For incorporations the user selects one of the types of company or
partnership available and the system takes the user through the incorporation process by a
system of boxes to be completed or drop down boxes with options. Standard sets of articles
of incorporation can be pre-established in the system for use with incorporations. Once
completed the screen provides the user with a completed registration document for checking
and final submission. On submission, the certificate of incorporation appears immediately
on screen and can be printed out. The whole registration process is simplicity itself and
quick to complete.
A sub menu for each of the corporate vehicles and limited partnerships
is also available. This lists all documents and registry activities which the relative
corporate legislation either permits or requires the registered company to file.
In each case the system takes the user through each process with a help
button and a legislation reference button available at all times.
How to register as an overseas agent How to register as an overseas agent ?
An overseas agent will be a person or firm who
incorporates companies offshore on behalf of clients. In order to demonstrate the ACORN
system, a CD-ROM will be available as a user guide to the system. In the first instance
the overseas agent needs to establish a commercial agency agreement with an Anguillian
licensed practitioner. Details of all licensed practitioners in Anguilla are available on
the website or from Financial Services Department. The reason for the requirement for a
commercial agreement with a licensed firm in Anguilla is that every company registered is
required to have the registered office situated in Anguilla. The Anguilla agent also needs
to be satisfied as to the fit and proper qualities of the overseas agent and the overseas
agent is additionally required to become registered with the Financial Services Department
by means of a simple application. This is available on the website under the heading
‘Register as an Overseas Agent’. A copy of this application is also attached for
ease of reference.
How does an agent pay for registry activity ?
All agents, local and overseas, will need to credit
ACORN through the Government of Anguilla with a sum of money appropriate to the volume of
business, which the agent anticipates undertaking. An overseas agent can do this directly
or in conjunction with his agent in Anguilla. In either case the system will, when an
activity is undertaken, show on screen the cost of that transaction and the balance of
account available.
Each cost or fee can be routinely checked with the fees applicable to
that activity shown under the menu item ‘Enquiries’. Each fee is exactly the
same as prescribed under the various pieces of company legislation.
What are the advantages of ACORN ?
- ACORN is an interactive system, which is both user friendly and easy to
understand
- The system detects mistakes at the input stage and provides relevant
guidance
- The system provides checks for the user at crucial stages of the input
process
- The system will respond instantaneously
- Incorporations and submission of documents can be done from anywhere at
any time
- ACORN
allows the user to do all activities done in paper form electronically and in a fraction
of the time.
- ACORN provides a seamless method to incorporate companies offshore
- ACORN makes the administration of offshore companies fast, cost effective
and easy to use.
Further details on ACORN and on Anguilla’s
financial services are available on the website, www.anguillafsc.com
You can Conact C.E.G. Limited Here for further
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