Anguilla offers an array of real estate investment opportunities through the sale, purchase, rent or development of residential homes, resorts, hotels, villas, cays and commercial properties. The dream of owning a home or doing business in the Caribbean can be easily transformed into reality thanks to developed and advanced real estate facilities, agencies and policies that make real estate investing in Anguilla a hassle free and exciting experience.

5 Reasons for Investing in Anguilla

Economic Stability: Anguilla has a steadily growing economy that greatly benefits from the development of the financial services, tourism and telecommunications sectors. Anguilla uses the Eastern Caribbean Dollar, represented as XCD and has an exchange rate of XCD2.7 to USD1.00. The principle currency regulatory body is the Eastern Caribbean Central Bank (ECCB) which was founded in October 1983. The island’s main economic activities include animal husbandry, fishing, farming, salt production and boat building, although in recent years, these have almost been replaced by a range of offshore services (offshore agents often offers other services, like Nevis company registration), domestic financial and hospitality services. Anguilla’s tax system is consumption-based and as a result there are no corporate income taxes, inheritance taxes and capital gains taxes on both local and foreign companies. Anguilla is a true tax haven.

Political Stability: Anguilla is a British Overseas Territory, but enjoys a relatively large degree of political autonomy. Anguilla’s history records only one major period of political unrest, which occurred in 1968 during the “Anguilla Revolution” when Anguilla was forced into the tri-state Federation of St. Kitts-Nevis and Anguilla from which Anguillans demanded their independence. The Queen of England is represented by the Governor General who is the Head of State, while the Prime Minister is the Head of Government and leader of the ruling political party.

Location and Topography: Anguilla is ideally located in the West Indies and is in close proximity with islands such as St. Martin, Puerto-Rico, St. Barts and St. Kitts-Nevis which are all premier tourist destinations and island getaways. Though the island’s thin arid soil has been historically considered to be unsuitable for large scale agricultural production, its low rainfall, flat lands, white coral sands, offshore cays and extensive beaches make it an ideal vacation spot and investment hub.

Society: If you are considering moving to the Caribbean alone or with your family, Anguilla is the ideal place. The island is peaceful, has a very low crime rate, remuneration levels are much higher in comparison to other islands, and the US dollar is widely used. Anguilla is an excellent place for raising kids, as the country’s religious background, cultural heritage and social values contribute to pleasant island living. Regular ferry and flight services are readily available from the Anguilla’s International Wallblake Airport and the Blowing Point Ferry Terminal. Most Anguillans enjoy the leisure of visiting island neighbors such as French St. Martin, Puerto-Rico and St. Kitts and Nevis for weekend vacations, shopping sprees and, of course, Caribbean partying!

Real Estate Agents: There are a number of real estate agents and specialists who offer professional real estate services in Anguilla. These agents are involved in the sale, rent and development of properties, ranging from oceanfront properties to villas, condos, private residences, private cays, commercial areas, offices and land. Anguilla real estate agents offer a variety of services that help in making one’s stay on the island a pleasurable experience. Some of these services include babysitting, snorkeling and scuba diving trips, sea taxi service from St. Martin to Anguilla, massage and spa treats, private boat charters and vehicles rentals.

Things You Need To Know

Alien Land Holding License: In order to acquire property in Anguilla, foreign investors must obtain an Alien Land Holding License. To apply for this license, an application form should be signed, fully completed and accompanied with a copy of the applicant’s passport (page containing all essential details and photo), a Bank Reference and a Police Record from every country in which the applicant has resided during the last seven (7) years. Government of Anguilla tax clearance forms must be obtained by both the Property Owner (the Vendor) and Buyer, while a Personal Reference letter written by a public figure who has known the applicant for at least seven (7) years and four (4) passport sized photos should be handed in. The application fee is USD1, 000.

In the event that the investment to be undertaken involves the development of a tourism project, the application form should be submitted along with a detailed and comprehensive business plan. Furthermore, application forms should be submitted along with a Certificate of Registration, Memorandum and Articles of Association and a Statement of Fact (available at the Companies’ Registry for USD150) in the case where property is being bought by a company and separate application forms are to be completed and signed by each director.

Please note that in the event that the property involved in undeveloped and construction is to take place, planning permission must be received from the Physical Planning Department before applying for the Alien Land Holding License. The Physical Planning Department normally responds within 3 weeks after having received permission requests.

Once planning permission and the Alien Land Holding License are granted, other fees to be paid to the Government of Anguilla include a stamp duty and transfer tax of 12.5% and 5%, respectively, of the purchase price. In the event that the property involves a vacant lot, a deposit of 10% of the property cost is also payable to the Government. Would-be proprietors should try their utmost best to complete construction within the estimated time frame since the chance of losing the 10% deposit exists. Generally, residential homes are allotted a period of about 18 months while larger investment projects may be given 24 to 30 months. This allotted time frame includes the date on which the Alien Land Holding License was granted.