Foundations Regulations

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  • Country: Anguilla
  • Language: English
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R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]    Revised Regulations of Anguilla: [ ] ________________________________________________________________________________________ ANGUILLA FOUNDATION ACT (R.S.A.c. [ ] ANGULLA FOUNDATION REGULATIONS _______________________________________________________________________________________ Note: These Regulations are enabled under section 74 of the Anguilla Foundation Act, R.S.A. c. [ ]. TABLE OF CONTENTS SECTION 1. Definitions 2. Forms 3. Fees 4. Citation SCHEDULE 1: Forms SCHEDULE 2: Fees and Penalties ___________ Definitions 1. In these Regulations— “Act” means the Anguilla Foundation Act; “$” means the unit of currency of the United States of America. Forms 2. The forms set out in Schedule 1 are prescribed for use in the matters to which they relate. Fees 3. (1) The fee required to be paid under the Act for a filing or other service set out in Column 1 of Part 1 of Schedule 2 is the amount set out in Column 2 thereof. (2) A penalty is payable in the amount and in the circumstances set out in Part 2 of Schedule 2. Citation 4. These Regulations may be cited as the Anguilla Foundation Regulations, Revised Regulations of Anguilla [ ]. ____________

R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]   SCHEDULE 1 (Section 2) FORMS   FORM 1 Anguilla ANGUILLA FOUNDATION ACT (Sections 9 and 10) REQUEST FOR NAME SEARCH AND NAME RESERVATION OR RESERVATION FOR A SUCCESSIVE PERIOD _______________________________________________________________________________________ 1. Who is the intended registered agent of the foundation? Name of contact person: Registered Agent: _______________________________________________________________________________________ 2. Proposed name or names in order of preference: 1. ………………………………………………………….. 2. ……………………………………………………………… 3. ………………………………………………………….. 4. ……………………………………………………………… 5. ………………………………………………………….. 6. ……………………………………………………………… _______________________________________________________________________________________ 3. Main activities the foundation proposes to carry on: Holding and managing assets for family purposes Holding and managing assets for business purposes Commercial activities Philanthropic/charitable activities Other (please specify) ______________________________________________________________________________________ 4. Derivation of Name [i.e. any connecting factor from which proposed name is derived]: ____________________________________________________________________________________ 5. First available name to be reserved: Yes No _______________________________________________________________________________________

R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]    6. Purpose of Name Request: (please  appropriate box) Declaration of Establishment Continuing foundation – present name: – present jurisdiction: Change of name – present name: – foundation registration or deposit number: _______________________________________________________________________________________ 8. Note any relevant information (e.g. names of affiliated entities, consents required and available from other entities): _______________________________________________________________________________________ 9. Person making the request Name: Address: Telephone: Fax No.: E-mail: If the person making the request is a regulated person, state name and licencee only: Name: Licencee _______________________________________________________________________________________ 10. Signature of person making the request ……………………….[Date]…………………………………………………………………………………………….[Signature] _______________________________________________________________________________________ FOR REGISTRY USE ONLY Date Filed: Received By: Yes, Name No. …………….. appears to be available and is reserved for you for 120 days until …………………….. . Yes, Reservation of Name No. …………….. has been extended for a first/second/third successive period of 120 days until …………………….. No, Name No. …………… is not available. Please see reasons below: Prohibited

R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]    Same as or too similar to attached names Obscene or on public grounds objectionable Other ______________________________

R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]   FORM 2 Anguilla ANGUILLA FOUNDATION ACT (Sections 13 and 14) REGISTRATION OF FOUNDATION or DEPOSIT OF DECLARATION OF ESTABLISHMENT ________________________________________________________________ 1. Name of Foundation: __________________________________________________________________________________ 2. The Declaration of Establishment accompanies this application, together with the prescribed fee. [Application is made for the registration of the Foundation]. [The Foundation Council has decided not to register the Foundation, not being a foundation that has a commercial purpose. The Declaration of Establishment is hereby deposited with the Registrar, together with the prescribed fee, to be recorded in the schedule of deposited foundations. (DELETE WHICHEVER IS INAPPLICABLE) ___________________________________________________________________________________ 3. Initial property endowment: US$________________ Registered Agent’s Certificate: I/We………………..of …………………………………………………………………………………………………. , as the intended Registered Agent of the above foundation, CERTIFY that the initial property endowment is readily available and I/we HEREBY UNDERTAKE that it will be vested in or under the legal control of the Foundation immediately upon the Foundation’s acquisition of legal personality pursuant to section 15 of the Act. ___________________________________________________________________________________ 4. Signature of Registered Agent. Name: Signature: Address: Date: ___________________________________________________________________________________ FOR REGISTRY USE ONLY Foundation Registration No: Foundation Deposit No: Registered Agent Code No: Date Filed: Received By: _________________________

R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]   FORM 3 Anguilla ANGUILLA FOUNDATION ACT (Section 69) NOTIFICATION OF PAYMENT OF ANNUAL FEE ___________________________________________________________________________________________ 1. Name of Foundation: ___________________________________________________________________________________________ 2. Foundation registration or deposit Number: ___________________________________________________________________________________________ 3. It is hereby certified that no change in the particulars specified in section 4(2) of the Act has occurred that has not been notified to the Registrar in accordance with the provisions of the Act and these Regulations. ___________________________________________________________________________________________ 4. The prescribed fee accompanies this notification. ___________________________________________________________________________________________ 4. Signature of Registered Agent. Name: Signature: Address: Date: ___________________________________________________________________________________________ FOR REGISTRY USE ONLY Foundation Registration No: Foundation Deposit No: Registered Agent Code No: Date Filed: Received By:

R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]   FORM 4 Anguilla ANGUILLA FOUNDATION ACT (Section 16) NOTIFICATION OF AMENDMENT OF DECLARATION OF ESTABLISHMENT OR CHANGE IN PARTICULARS SPECIFIED IN SECTION 4(2) OF THE ACT ___________________________________________________________________________________________ 1. Name of Foundation: ___________________________________________________________________________________________ 2. Foundation registration or deposit Number: ___________________________________________________________________________________________ 3. Nature and date of amendment of Declaration of Establishment or change in particulars specified in section 4(2) of the Act: ___________________________________________________________________________________________ 4. The Declaration of Establishment has been amended as follows: Date of amendment: ___________________________________________________________________________________________ 5. The particulars specified in section 4(2) of the Act have changed as Follows: Date of change: ___________________________________________________________________________________________ 6. Signature of Registered Agent. Name: Signature: Address: Date: ___________________________________________________________________________________________ FOR REGISTRY USE ONLY Foundation Registration No: Foundation Deposit No: Registered Agent Code No: Date Filed: Received By: Yes, the amendment to the declaration of establishment is permitted. No, the amendment to the declaration of establishment is not permitted : Unlawful. Immoral. Contrary to Public Policy. Other (specify): _________________________

R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]    FORM 5 Anguilla ANGUILLA FOUNDATION ACT (Sections 38 and 40) APPLICATION BY FOREIGN FOUNDATION FOR CERTIFICATE OF CONTINUANCE ___________________________________________________________________________________________ 1. Name of foreign foundation: ___________________________________________________________________________________________ 2. Foundation registration number in foreign country (if any): ___________________________________________________________________________________________ 3. Foundation registered office (or equivalent) in foreign country (if any): Address: ……………………………………………………………………………………………………………………………….. Mailing Address: ……………………………………………………………………………………………………………………. E-mail: 4. Foundation Registered Agent (or equivalent) in foreign country (if any): Full name: ………………………………………………………………………………………………………………………………. Address: ………………………………………………………………………………………………………………………………….. Mailing Address: ……………………………………………………………………………………………………………………. E-mail: Nationality: ……………………………………………… 5. Continued foundation Registered Office: Address: ………………………………………………………………………………………………………………………………….. Mailing Address: ……………………………………………………………………………………………………………………. _________________________________________________________________________________________ 6. Continued Foundation Registered Agent: Full name: ………………………………………………………………………………………………………………………………. Address: ………………………………………………………………………………………………………………………………….. Mailing Address: ……………………………………………………………………………………………………………………. E-mail: Nationality: ……………………………………………… ___________________________________________________________________________________________________ 7. Articles of Continuance, together with the prescribed fee, accompany this application. [Application is made for the registration of the Foundation]

R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]    [The Foundation’s documents are to be deposited, (the Foundation not being a foundation that has a commercial purpose) (DELETE WHICHEVER IS INAPPLICABLE) 8. Registered Agent’s Certificate: I/We………………..of …………………………………………………………………………………………………….., as the intended Registered Agent of the above foundation, CERTIFY that a property endowment of not less than $10,000 (or its equivalent in value) is [currently vested in or under the legal control of the Foundation] / [is readily available] and I/we HEREBY UNDERTAKE that it will be vested in or under the legal control of the Foundation upon the issue of the foundation’s certificate of continuance. 9. Signature of Registered Agent. Name: Signature: Address: Date: ___________________________________________________________________________________________ FOR REGISTRY USE ONLY Continuing Foundation Registration No: Continuing Foundation Deposit No: Continuing Foundation Registered Agent Code No: Date Filed: Received By: Yes, the application for continuance is granted. No, the application for continuance is not permitted : Unlawful. Immoral. Contrary to Public Policy. Other (specify): ________________________________________

R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]   FORM 6 Anguilla ANGUILLA FOUNDATIONSANGUILLA FOUNDATION ACT (Section 44) CERTIFICATE OF DEPARTURE FROM ANGUILLA __________________________________________________________________________________ 1. Name of Foundation: (“the Foundation”) __________________________________________________________________________________ 2. Foundation registration or deposit number: __________________________________________________________________________________ 3. Registered Office: Address: Mailing Address: ____________________________________________________________________________________________ 4. Registered Agent: Name: Address: Mailing Address: E-mail: ___________________________________________________________________________________ 5. A Certificate of Discontinuance is applied for. __________________________________________________________________________________ 6. I/We ………………………………………of, ……………………………………………………………………………….., as registered agent of the Foundation, CERTIFY that: (a) The Foundation departed from Anguilla to continue in ________________ [jurisdiction] with effect from ________[day] ___________[month] _______2024; (b) The Foundation has been continued in __________________[jurisdiction], as evidenced by the following certified copy or original documents that accompany this Certificate: (i) (ii) (iii) (iv) (v) (c) The Foundation’s Registered Office in the new jurisdiction is: Address: Mailing Address: 7. The Foundation’s Registered Agent in the new jurisdiction (if any) is: Name:

R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]    Address: Mailing Address: E-mail: 9. Signature of Registered Agent. Name: Signature: Address: Date: __________________________________________________________________________________ FOR REGISTRY USE ONLY Foundation Registration No: Foundation Deposit No: Foundation Registered Agent Code No: Date Filed: Received By: All fees paid and up to date All notices complied with All returns complied with Foundations Act section 44 and Regulations complied with. Certificate of discontinuance issued. Yes, No, : Unpaid fees Notices not complied with. Returns not complied with. Foundations Act section 44 not complied with. Foundations Regulations not complied with: _______________________________________________

R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]   

R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]   FORM 7 Anguilla ANGUILLA FOUNDATION ACT (Section 47) STATEMENT OF INTENT TO DISSOLVE FOUNDATION ___________________________________________________________________________________________ 1. Name of Foundation: ___________________________________________________________________________________________ 2. Foundation Registration/Deposit No: ___________________________________________________________________________________________ 3. Foundation Registered Office: Address: Mailing Address: __________________________________________________________________________________ 4. Foundation Registered Agent: Name: Address: Mailing Address: E-mail: 5. Date of intended voluntary dissolution: 6. Reason for dissolution: End of definite period for which Foundation was established Requirement of its Declaration of Establishment Requirement of its By-laws Requirement of the Act Resolution of the Foundation Council Other (please specify) __________________________________________________________________________________________ 7. Statement of intent to dissolve made pursuant to section 47(1) of the Act: It is intended, pursuant to section [46(1)(a)] / [46(1)(b)] / [46(1)(c)] of the Act, to dissolve the Foundation with effect from the……….day of……………………………….. This statement of intent is made in accordance with section 47 of the Act. _________________________________________________________________________________________ 8. A certificate of intent to dissolve the Foundation is requested. 9. Signature of Registered Agent. Name: Signature: Address: Date:

R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]    FOR REGISTRY USE ONLY Foundation Registration No: Foundation Deposit No: Foundation Registered Agent Code No: Date Received: Received By: Certificate of Intent to Dissolve Foundation Issued:

R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]   FORM 8 Anguilla ANGUILLA FOUNDATIONSANGUILLA FOUNDATION ACT (Section 51) APPLICATION FOR RESTORATION OF FOUNDATION TO THE REGISTER OR TO THE SCHEDULE OF DEPOSITED FOUNDATIONS ___________________________________________________________________________________________ 1. Name of Foundation: ___________________________________________________________________________________________ 2. Foundation Registration/Deposit No: ___________________________________________________________________________________________ 3. Foundation Registered Office: Address: Mailing Address: 4. Foundation Registered Agent: Name: Address: Mailing Address: E-mail: 5. Date of striking off: 6. Reason for striking off: End of fixed period of foundation Declaration / Bye-laws/Foundations Act Foundation Council Resolution Order of the High Court of Anguilla Failure to pay prescribed annual fees Failure to comply with required notices Failure to comply with required returns Failure to maintain a registered agent pursuant to section 17 of the Act Other (please specify) 7. Interest of applicant in the foundation __________________________________________________________________________________ 8. It is hereby requested that that the Foundation be restored [to the Register] / [to the Schedule of Deposited Foundations] pursuant to section 51. ……………………….[Date]…………………………………………………….[Name]………………………………………..[Signature] ___________________________________________________________________________________________ FOR REGISTRY USE ONLY Foundation Registration No: Foundation Deposit No: Foundation Registered Agent Code No: Date Filed: Received By: Prescribed Fee Paid

R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]   All Foundation Documents Required Filed All Outstanding Fees and Penalties Paid Restored to Register:

R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]   FORM 9 Anguilla ANGUILLA FOUNDATIONSANGUILLA FOUNDATION ACT (Section 58) REQUEST FOR CERTIFICATE OF GOOD STANDING ___________________________________________________________________________________________ 1. Name of Foundation: ___________________________________________________________________________________________ 2. Foundation Registration No: ___________________________________________________________________________________________ 3. Foundation Registered Office: Name: Address: Mailing address: 4. Foundation Registered Agent: Name: Address: Mailing Address: E-mail: __________________________________________________________________________________ 5. It is hereby requested that that the Registrar provide a certificate of good standing pursuant to section 58. __________________________________________________________________________________ 6. Signature of Registered Agent. Name: Signature: Address: Date: ___________________________________________________________________________________________ FOR REGISTRY USE ONLY Foundation Registration No: Foundation Registered Agent Code No: Date Filed: Received By: Prescribed Fee Paid Name of Foundation on the Register All Foundation Documents Required Filed All Outstanding Fees and Penalties Paid Certificate of good standing issued ______________________________________________

R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]   FORM 10 Anguilla ANGUILLA FOUNDATIONSANGUILLA FOUNDATION ACT (Section 59) REQUEST FOR CERTIFICATE OF ACCURACY OF DETAILS OF CONFIRMATION PREPARED BY REGISTERED AGENT ___________________________________________________________________________________________ 1. Name of Foundation: ___________________________________________________________________________________________ 2. Foundation Deposit No: ___________________________________________________________________________________________ 3. Foundation Registered Office: Name: Address: Mailing address: 4. Foundation Registered Agent: Name: Address: Mailing Address: E-mail: __________________________________________________________________________________ 5. It is hereby requested that that the Registrar provide a certificate that the details of the accompanying confirmation prepared by the registered agent and delivered herewith to the Registrar are true and correct, pursuant to section 59. __________________________________________________________________________________ 6. Signature of Registered Agent. Name: Signature: Address: Date: ___________________________________________________________________________________________ FOR REGISTRY USE ONLY Foundation Deposit No: Foundation Registered Agent Code No: Date Filed: Received By: Prescribed Fee Paid Name of Foundation on the Register All Foundation Documents Required Filed All Outstanding Fees and Penalties Paid Certificate of Accuracy

R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]   _________________________________________________

R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]   FORM 11 Anguilla ANGUILLA FOUNDATIONSANGUILLA FOUNDATION ACT (Section 60) AUTHORISATION BY FOUNDATION COUNCIL MEMBER FOR INSPECTION OR COPY OF DOCUMENTS OR A CERTIFICATE OF REGISTRATION ___________________________________________________________________________________________ 1. Name of Foundation: ___________________________________________________________________________________________ 2. Foundation Registration/Deposit No: ___________________________________________________________________________________________ 3. Foundation Registered Office: Name: Address: Mailing address: 4. Foundation Registered Agent: Name: Address: Mailing Address: E-mail: __________________________________________________________________________________ 5. It is hereby requested that that the Registrar permit Name: Address: Mailing Address: E-mail: (a) [to inspect the following document/documents or category of documents of the foundation: …………………………………………………………………………………………………………………………………..] and/or (b) [to require a copy or part, certified or otherwise, of the following document/documents or category of documents of the foundation: …………………………………………………………………………………………………………………………………..] and/or (c) [to require a certificate of registration of the foundation] (DELETE WHICHEVER IS INAPPLICABLE) __________________________________________________________________________________

R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]    9. Signature of Registered Agent. Name: Signature: Address: Date: OR Signature of Foundation Council Member: Date: Name: Signature ___________________________________________________________________________________________ FOR REGISTRY USE ONLY Foundation Registration No: Foundation Deposit No: Foundation Registered Agent Code No: Date Filed: Received By: Prescribed Fee Paid Inspection Authorised Requested Copy Documents provided _________________________________________________

R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]   SCHEDULE 2 (Section 3) FEES AND PENALTIES PART 1 FEES Section Filing or Other Service US$ 1. Request for a name search 15 2. Request for a name reservation for 120 (one hundred and twenty) days Request for a name reservation for first or subsequent successive period of 120 (one hundred and twenty) days 50 170 3. Registration or deposit of Declaration of Establishment where: (a) the initial property endowment is more than $10,000 but not more than $50,000 or (b) the initial property endowment exceeds $50,000 500 700 4. Registration or deposit of notification of amendment of the Declaration of Establishment 150 5. Registration or deposit of notification of change of the registered agent 50 6. Registration or deposit of notification of change of the registered office 50 7. Registration or deposit of notification of changes to the particulars specified in section 4(2) or 4(3) of the Act 50 8. Application by a foreign foundation for a Certificate of Continuance in Anguilla 250 9. Registration or deposit of Certificate of Departure from Anguilla 400 10. On being served a notice of dissolution or striking off by the Registrar 100 11. Registration or deposit of a statement of intent to dissolve 100 12. Application for restoration of foundation to the Register or to the Schedule of Deposited Foundations: (a) if the application is made within 6 months immediately following the striking off (b) if the application is made later than 6 months immediately following the striking off 1,500 2,000 13. Request of a certificate of good standing 150 14. Request for a certificate of accuracy of details of confirmation prepared by registered agent 100 15. Authorisation by foundation council member for inspection or copy of documents or a certificate of registration 100 16. For a certified copy of a document $2.00 per page 17. For an uncertified copy of a document $1.50 per page 18. Annual fee for registered or deposited foundation (payable not later than the last day of the calendar quarter in which the foundation was established or continued under this Act) 500 ____________________________________________

R.S.A. c. [ ] Anguilla Foundation Regulations R.R.A. [ ]   PART 2 PENALTIES Definition 1. In this Part of this Schedule the expression “Base Amount” shall mean the amount for the time being of the annual fee under section 18 of Part 1 of this Schedule. Use of former name of a foundation 2. A foundation that contravenes subsection (5) of section 11 of the Act shall be liable to pay a penalty of an amount equal to 10% of the Base Amount for every month or part of a month during which such contravention continues, provided that the Registrar shall have discretion to remit all or part of such penalty if he considers that extenuating circumstances justify his so doing. Accounts and records 3. A foundation that commits an offence under subsection (7) of section 37 of the Act shall be liable to pay a penalty of an amount equal to 100% of the Base Amount. Breach of provisions concerning registered agent 4. A foundation that contravenes subsections (6), (7) or (8) of section 17 of the Act may, at the discretion of the Registrar having regard to any extenuating circumstances, be required to pay a penalty of up to 100% of the Base amount. 5. A person who, not being a regulated person, acts as the registered agent of a foundation, shall, subject to the provisions of subsection (11) of section 17 of the Act, be required to pay a penalty of 100% of the Base Amount. Annual fee paid after due date 6. A foundation that fails to pay the annual fee under section 18 of Part 1 of this Schedule by the due date shall, in addition to the annual fee, pay a penalty of an amount equal to 10% of the Base Amount. 7. A foundation that, having failed to pay the annual fee by the due date, fails to pay the annual fee and the penalty due under section 6 of this Part of this Schedule before the expiration of 3 months from the due date shall, in addition to the annual fee and the said penalty, be liable to pay a further penalty of an amount equal to 25% of the Base amount. 8. A foundation that, having failed to pay the annual fee by the due date, fails to pay the annual fee and the penalties due under sections 6 and 7 of this Part of this Schedule before the expiration of 6 months from the due date shall, in addition to the annual fee and the said penalties, be liable to pay a further penalty of an amount equal to 50% of the Base Amount. 9. A foundation that, having failed to pay the annual fee by the due date, fails to pay the annual fee and the penalties due under sections 6, 7 and 8 of this Part of this Schedule before the expiration of 12 months from the due date shall, in addition to any annual fees outstanding and the said penalties, be liable to pay a further penalty of an amount equal to 100% of the Base Amount. 10. A foundation that, having been struck off the Register or off the schedule of deposited foundations pursuant to section 49 of the Act, applies for restoration pursuant to section 51 of the Act, shall, in addition to all annual fees and penalties outstanding, be liable to pay a further penalty of an amount equal to 100% of the Base amount in respect of every year or part of a year that has expired since the expiration of 12 months from the due date as mentioned in section 9 of this Part of this Schedule. Failure to file any return, notice or document 11. A foundation that fails to file with the Registrar any return, notification or document required to be filed under the Act or regulations made under the Act (other than Form 3 of Schedule 1) shall be liable to pay a penalty of an initial amount equal to 25% of the Base amount plus an amount equal to 10% of the Base Amount for the second and every subsequent month or part of a month during which such failure continues. ____________________________________