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Anguilla Banking License

Anguilla Banking License: AFSC Authorisation Under the Banking Act

The Anguilla Financial Services Commission (AFSC) regulates banking under the Banking Act (R.S.A. c. B15). Anguilla is a British Overseas Territory in the Eastern Caribbean, part of the Leeward Islands group. Its compact but reputable offshore financial services sector is regulated by the AFSC, which maintains alignment with international AML/CFT standards as an active member of the Caribbean Financial Action Task Force (CFATF). Anguilla uses the Eastern Caribbean Dollar (XCD) pegged to the USD and benefits from its status as a UK Overseas Territory, which provides a stable constitutional and legal framework.

Anguilla's international banking licence framework is designed for institutions conducting banking activities exclusively with non-resident clients and assets held outside Anguilla. The AFSC has strengthened its supervisory and AML/CFT framework in recent years, enhancing the regulatory standing of Anguilla as an offshore banking jurisdiction.

Minimum Capital

USD 3 million minimum paid-up capital for an international banking licence. The AFSC may require additional capital based on the proposed activities and risk profile of the applicant.

Directors

At least two directors assessed as fit and proper by the AFSC are required. Directors must demonstrate relevant banking or financial services competence and a clean character record.

Registered Office

A registered office in Anguilla is required for all international banking licence holders. Arrangements through an AFSC-approved corporate services provider are accepted.

AML/CFT Programme

An AML/CFT programme compliant with Anguilla's Proceeds of Crime Act and CFATF standards is required. Annual AFSC reporting and audited accounts must be submitted to maintain the licence in good standing.

Tax Position

Anguilla has no income tax, no capital gains tax, no inheritance tax, and no corporation tax — one of the most tax-neutral offshore banking jurisdictions in the Caribbean. There is no withholding tax on dividends or interest paid by Anguilla-licensed banking entities.

Neptune Fiduciaries: Anguilla Banking Licence Support

Neptune Fiduciaries handles Anguilla international bank licence applications including AFSC pre-application engagement, business plan and AML/CFT programme preparation, director vetting, and ongoing regulatory compliance support.

Get in Touch

Contact Neptune Fiduciaries at info@neptunecorporate.com or sales@neptunecorporate.com or visit our Contact Us page.

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