Anguilla High Value Resident Program | An Incomplete Guide

Overview:

In the realm of British Overseas Territories, tax residency programs have gained immense popularity. These programs cater to high-net-worth individuals seeking long-term residency and the opportunity to pursue permanent residency or citizenship in the future. By committing to an annual tax contribution, individuals can secure their place in these idyllic havens.

The Anguilla High-Value Resident (HVR) Program is a typical tax residency program. It mandates that participants purchase real estate in Anguilla worth at least $400,000 and become local tax residents. They must commit to paying annual taxes of no less than $75,000 to secure long-term residency in Anguilla.

Specifically, participants in the HVR (High Value Resident) program need to meet the following basic requirements:

1. The applicant must be at least 18 years old and have no criminal record.

2. The applicant must not be a tax resident of any other region outside of Anguilla. In other words, you cannot reside in any single country or region outside of Anguilla for more than 183 days in a calendar year.

3. The applicant must continuously hold property in Anguilla worth at least $400,000 USD.

4. The applicant must pay a fixed annual tax of $75,000 USD, approximately 550,000 RMB, on global income. Additionally, at the time of the initial application, the applicant must demonstrate the ability to transfer the tax amount for five years to Anguilla, which is $375,000 USD.

5. The applicant must reside in Anguilla for at least 45 days each year.

6. From the time of obtaining tax residency until receiving the British Overseas Territories Citizen (BOTC) passport, the HVR holder must submit an annual report to the Anguilla government demonstrating economic ties with Anguilla and confirming that they have not lived in any single country or region for more than 183 days in the past year.

In addition to the above requirements, applicants for the Anguilla tax residency program must also pay the following government fees:

1. Processing fee: $3,000 USD for a family of up to four members, with an additional $500 USD for each additional dependent.

2. Due Diligence fee: $7,500 USD for each main applicant and dependent aged 18 and above, and $2,500 USD for each dependent aged 12 to 18.

Application Process:

The Anguilla government mandates that applications for the Residence by Investment program must be processed through locally licensed professional intermediaries. Therefore, to apply for the Anguilla HVR program, you need to first contact a local intermediary or law firm to finalize the plan, gather all necessary documents, and have a lawyer submit the application on your behalf.

The required documents for the application include:

• Identity Documents: This includes valid passports of the primary and secondary applicants, passport-sized photos, birth certificates, marriage certificates, and other documents proving the relationship between the primary and secondary applicants.

• Tax Certificates: You need to provide tax certificates for the past few years to demonstrate your ability to become a local tax resident.

• Financial Proof: You must provide financial documents, such as bank statements and net asset certificates, to prove you have sufficient funds to pay taxes and support a family in Anguilla.

• Personal Resume: The primary applicant must provide a resume detailing their educational background and work/business experience.

• No Criminal Record Certificates: All primary and secondary applicants must provide no criminal record certificates issued by their local law enforcement agencies.

All documents originating outside Anguilla must be notarized. Non-English documents must be translated into English.

The approval process for the Anguilla HVR program generally takes about three months.

Dependents:

Under the Anguilla Tax Residency Program, the main applicant’s spouse and children under 18 can settle locally as dependents.

Visa Validity:

HVR tax residents must submit an annual report to the government of Anguilla every year to demonstrate that they have maintained their investments and tax payments in Anguilla over the past year in order to retain their tax residency status.

After five years of legal residence in Anguilla, foreign nationals can apply for British Overseas Territory Citizenship (BOTC), granting them a passport that opens doors to global opportunities.

BOTC holders who wish to become British citizens must:

1. Reside in the UK: Live in the UK for a minimum of six months in each of the five years preceding their application.

2. Meet Other Requirements: Fulfill additional requirements, such as passing a citizenship test and demonstrating integration into British society.