Search terms: Offshore Services, Anguilla
Over the past decade, Anguilla has established itself as a modern and well-regulated jurisdiction in the financial services sector. In 1994, it enacted a flexible financial services legislation, which was further amended in 2000. An authorized corporate adviser can form a company by electronically filing the articles of incorporation with the registrar of companies.
The new Public Utilities Commission Act is another step in Anguilla's revamped telecommunications, electricity and water policy. The commission established by the act is empowered to implement transparency measures and approve sales of shares in public utilities. The act shows a strong consumer bias, mainly given the historical prevalence of monopolies in the telecommunications sector.
A new Telecommunications Act is the latest piece of legislation addressing the de-monopolization of the telecommunications industry. The act provides for licensing in certain areas and specifically obliges licensees not to engage in anti-competitive practices. Further, interconnection agreements must be submitted to the Telecommunications Commission for final approval.