Government taxes by jurisdiction

Anguilla Annual Tax

• $350 for Anguilla Exempted Company up to 50,000 shares.
• $500 for Anguilla Exempted Company over 50,001 shares.
• Deadlines:
  • All companies incorporated from January to March the due date is March 31 each year.
  • All companies incorporated from April to June the due date is June 30 each year
  • All companies incorporated from July to September the due date is September 30 each year.
  • All companies incorporated from October to December the due date is December 31 each year.
• $250 for Anguilla LLC
  • Deadline is Date of Anniversary

Penalties

• Incorporated from January to March:
  • 1st April = 10 % Penalty 
  • 1st May = 30% Penalty
  • 1st June = 50% Penalty
  • If ALF is not paid between Sept – Nov = Struck Off from the Registry. (October)
• Incorporated from April June:
  • 1st July= 10 % Penalty 
  • 1st August= 30% Penalty
  • 1st September= 50% Penalty
  • If ALF is not paid between Dec – Jan = Struck Off from the Registry.(January )
• Incorporated from July to September:
  • 1st October= 10 % Penalty 
  • 1st November= 30% Penalty
  • 1st December= 50% Penalty
  • If ALF is not paid between March – April = Struck Off from the Registry.(April)
• Incorporated from October to November:
  • 1st January= 10 % Penalty 
  • 1st February= 30% Penalty
  • 1st March= 50% Penalty and Struck off
  • If ALF is not paid between June – August = Struck Off from the Registry. (July)

Business Companies Annual Tax

• $550 for companies up to 50,000 shares.
• $1,350 for companies over 50,001 shares.
• $550 for companies limited by guarantee not authorized to issue shares.
• $550 for unlimited companies not authorized to issue shares.
• $8,000 for Restricted Purpose Companies.

Deadlines:

• For companies incorporated in the 1st period (January to June), the payment deadline is March 31st.
• For companies incorporated in the 2nd period (July to December), the payment deadline is July 30th.

Business Company with:

• $1,800 Approved Manager
• $1,800 Mutual Fund
• $1,800 Acting as Authorized Representative of BVI Companies

BVI LP

• $500 for companies incorporated up to December 31st, 2017.
• $750 for companies incorporated after January 1st, 2018.
• Deadline: January 15th each year.

Private Trust Company

• $1,500 for companies with up to 50,000 shares
• $3,000 for companies with over 50,001 shares

Deadlines:

• For trusts incorporated in the 1st period (January to June), the payment deadline is May 31st.
• For trusts incorporated in the 2nd period (July to December), the payment deadline is November 30th.

Ship Registration

• $100 to $300 (varies depending on the yacht’s dimensions)
• $40 Radio Operator

Nevis IBC,  LLC

• • $250 Annual Renewal fees (4 Months before Date of Anniversary).
  • $10 Certificate of Renewal.
  • Penalties:
    • After first 30 days(Grace Period) – EC$311 or US$115.
    • After 6 Months – EC$675 or US$250.
    • After one year it will be struck off (Incorporation Date).

Nevis Trust

• • $250 Annual Renewal fees (4 Months before Date of Anniversary).
  • $10 Certificate of Renewal.
  • Penalties:
    • Start incurring penalty on the Anniversary date if payment is not made. EC $675 or US$250.
    • Trusts will be struck from the register after 90 days of nonpayment.

Nevis Foundations

• • $250 Annual Renewal fees (4 Months before Date of Anniversary).
  • $30 Certificate of Renewal.
  • Penalties:
    • After first 30 days(Grace Period) – EC$311 or US$115.
    • After 6 Months – EC$675 or US$250.
    • Plus $50 each day the offence continues.

Nevis Insurance

• • $1,500 Allied Annuity Company and Captive insurance.
    • Penalties:
      • After January 31st – US$750.
      • After June 30th – US$1,500.
  • $1,700 Reinsurance
    • Penalties:
      • After January 31st – US$850.
      • After June 30th – US$1,700.
  • $1,000 Allied Reinsurance
    • Penalties:
      • After January 31st – US$500.
      • After June 30th – US$1,000.
  • $2,000 Insurance Adjuster and Insurance Broker.
    • Penalties:
      • After January 31st – US$1,000.
      • After June 30th – US$2,000.
  • $3,000 Insurance Manager, General Insurance and Long Term Insurance.
    • Penalties:
      • After January 31st – US$1,500.
      • After June 30th – US$3,000.
    •  
  • Deadline for all Nevis Insurances: January 31st each year.

Annual Tax

• $300/$400 Foundations
• Deadlines:
  • For companies incorporated in 1st period (January to June) the payment deadline is July 15th.
  • For companies incorporated in 2nd period (July to December) the payment deadline is January 15th.

Penalties

If the annual tax is paid after the deadline for each period (see deadlines), a penalty of $50 will be incurred for each company or foundation.

After two years of non-payment of the annual tax fee, the company or foundation will be struck off the registry.

Restorations

$300 + OMC Service Fees for two years of non-payment of the renewal fee, along with any accumulated penalties from previous periods.

Annual Tax

• $304 for Companies
• $400 for Foundations
• Deadlines:
  • For companies incorporated in 1st period (January to June) the payment deadline is July 15th.
  • For companies incorporated in 2nd period (July to December) the payment deadline is January 15th.

Penalties

If the annual tax is paid after the deadline for each period (see deadlines), a penalty of $50 will be incurred for each company or foundation.

After two years of non-payment of the annual tax fee, the company or foundation will be struck off the registry.

Restorations

$300 + OMC Service Fees for two years of non-payment of the renewal fee, along with any accumulated penalties from previous periods.