A Guide to Doing Business in Anguilla's Special Economic Zone: Benefits, Opportunities, and Best Practices
Located on the idyllic island of Anguilla in the Caribbean, AZUR Special Economic Zone (SEZ) is a state-of-the-art business hub offering various benefits and attractive opportunities for businesses looking to expand.
Designed to attract domestic and international businesses across various sectors, its strategic location, modern infrastructure, and supportive government policies have quickly made AZUR SEZ a hub of innovation and economic growth for businesses seeking a way into the Caribbean and North American markets.
With sectors including technology, hospitality, and financial businesses included in its expansion, AZUR SEZ offers an extensive array of advantages, including financial incentives and favorable customs procedures helping new and established businesses take their operations to the next level.
Let’s explore the many benefits of doing business within Anguilla with AZUR SEZ and take a closer look at the incentives and opportunities that AZUR has set up to help businesses thrive in today’s work environment.
What Are Some Key Benefits of Doing Business Within AZUR SEZ?
1. A separate and unique legal jurisdiction
A major benefit of AZUR SEZ is the separate legal jurisdiction it holds. Set up to benefit foreign businesses, the autonomous administrative system includes its own legal and regulatory framework and administrative bodies that regulate businesses within the SEZ. The Anguillan legal system is based upon British Common Law and is uniquely stable when compared to other SEZ’s particularly those in the Middle East.
2. Supportive government policies
Committed to promoting the growth and development of businesses in the SEZ, the government of Anguilla offers a range of support services, including business advisory services, access to finance, and training and development programs.
3. Attractive tax incentives
Businesses operating in AZUR SEZ are eligible for a range of tax incentives, including a 0% corporate tax rate for up to 20 years, 0% import duties on raw materials and equipment, and no restrictions on the repatriation of profits.
4. A strategic location for global markets
Anguilla's strategic location in the Caribbean provides businesses with easy access to the North American, European, and South American markets, making it an ideal location for businesses looking to expand globally.
5. Crypto-friendly banking
In today’s economy, cryptocurrency is an attractive funding option for many businesses, and AZUR has the added benefit of guaranteed banking services (with due diligence) from EQIBank, one of the world’s leading digital banks, and access to the AZUR Trade trading platform.
What Opportunities Can Businesses Expect With AZUR SEZ?
1. Specialized infrastructure
Benefiting from a specialized infrastructure, AZUR SEZ allows businesses to take advantage of the tax incentives and market opportunities offered by the Island’s Government.
Furthermore, from a business tax perspective, AZUR virtual city, regulated by Anguilla’s Special Economic Zone Authority is a global jurisdiction, enabling businesses to operate from anywhere in the world whilst taking advantage of the favourable conditions to establish or grow their operations.
Anguilla’s stable government and modern regulatory infrastructure makes it an attractive location for corporate and financial services. And with the government keen to diversify its economic reliance from tourism, there is plenty of opportunity for businesses to establish themselves within the SEZ and take advantage of its world-class business services.
2. Guaranteed concessions for 25 years (25+25)
With the UAE announcing the launch of a new federal corporate tax system, many businesses are looking for a more tax-friendly environment in which to operate.
AZUR SEZ has a stable and well-established legal framework based upon British Common Law, and a strong and solid relationship with the Government of Anguilla who has guaranteed concessions for 25 years, so businesses established within AZUR SEZ can rest easy without having to contend with changes of law.
3. Residence rights
Anguilla is a picturesque, and naturally beautiful Carribean location, making it an enticing place for businesses to set up shop and capitalise on the new business opportunities within the SEZ.
As an added incentive, companies with their headquarters in the AZUR SEZ can also enjoy residence rights in Anguilla, and take advantage of the stunning beaches, five star hotels and welcoming hospitality.
Known for its numerous beaches and picturesque landscapes, Anguillla has plenty of attractions to keep residents entertained, including shopping, vibrant nightlife, water sports, and popular attractions such as Meads Bay Beach, Rendezvous Bay and The Valley.
4. AZUR Trade Platform
B2B trading is an invaluable asset in today’s global economy, and AZUR’s Trade Platform gives businesses located in the SEZ the opportunity to trade with over 3,000 SEZ’s over the world.
Direct B2B connections omit the additional cost for brokers or other middlemen, meaning maximum profit and slicker communication.
With various trading tools, such as sealed bid tender, auctions and fixed-priced listings, users can trade in multiple currencies in real-time and with the added convenience of being able to do so via their smartphone or other mobile device.
5. AZUR Virtual City
For businesses keen to capitalize on the wealth of benefits and incentives that AZUR SEZ holds without relocating offices and teams, AZUR’s Virtual City is the answer.
Designed to give businesses the benefits of a physical location, companies can connect with new customers and extend their reach from anywhere in the world.
Some key features include:
Businesses can showcase their products and services in a virtual showroom, providing customers with a fully immersive experience.
The platform also provides businesses with networking opportunities, allowing them to connect with other businesses and potential partners from around the world to form new partnerships, expand their customer base, and explore new markets.
Live events, including product launches, trade shows, and conferences, allow businesses to showcase their products and services to a global audience and connect with potential customers and partners in real-time.
Analytics and reporting:
Providing businesses with analytics and reporting tools allows them to track engagement, measure ROI, and gain valuable insights into their customer’s behavior and preferences.
AZUR Special Economic Zone- Doing Business Your Way
If you’re looking for a unique opportunity to grow and succeed in a supportive and enabling environment, explore the benefits and opportunities that AZUR SEZ AND AZUR Virtual city have to offer.
Get in touch today to discover how AZUR can help you expand your reach and connect with new clients and partners around the world.
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