Is Anguilla a safe place? How much does a beachfront house cost? How to obtain permanent residence?
Compared to many Western countries, such as the United Kingdom or the United States, Anguilla is a much safer place, with a low crime rate.
In fact, many would-be residents are also attracted by this feature.
As for residency, first of all there is no minimum number of days you must spend on the island in order to be classified as a resident under local laws.
If you want to obtain permanent residence, you will usually need to purchase a property and apply for a permanent residence certificate.
This will allow you to exit and enter customs more easily, and the certificate can also be shown to foreign tax authorities, to support your application for residency abroad.
Alternatively, you could invest in the capital development fund, and thus obtain a permanent residence permit.
Finally, as regards the costs for the purchase of a prestigious oceanfront apartment, it can be found for about 350,000 dollars or euros (to date the two currencies have in fact almost similar values).
Please note that there may be license fees of 5%, and a transfer fee of 2.5%.
In addition, there may be restrictions on the types of properties that can be purchased.
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Remember that laws change all the time; therefore it is essential to check the law in force when you decide to relocate or move abroad.
It is also very important that you speak to your international tax attorney before starting any type of tax planning or relocation of your business.
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