In 2018, Anguilla launched a new set of residence programs collectively called Select Anguilla. The previous Permanent Residence Program had stalled and needed new life. Select Anguilla was designed with the participation of industry experts. The program offers 3 sets of options catering to 3 different profiles. The process is quick and simple. Applicants can add family members – such as spouses and children up to 26 years old – to their application. After 5 years of residence in the country, you can apply to become a British Oversea Territory Citizen.
Anguilla Tax Residency option
The Select Anguilla tax residency option is a non-immigrant resident permit that doesn’t lead to permanent residence or citizenship. It caters primarily to North Americans and Europeans looking for an idyllic tax-free second home. By applying to the program, you can gain tax residency in Anguilla by spending at least 45 days a year in the jurisdiction. You’re not allowed to spend more than 183 days in another country for it to be valid. It’s one of the only programs that provide tax residence with only 45 days of presence in a year. For North Americans, this is especially attractive since the idea of paradise is living somewhere warm for at least a few months in winter. It’s perfect for those who don’t see themselves able to spend 6 straight months on the beach just for tax residency.
To qualify for the program, you need to own a property in Anguilla valued at over $400,000. Also, you must contribute an annual payment of US$75,000 to Anguilla’s treasury. Of course, if you’re planning to live there for more than 183 days per year, this might not be the best option for you. But the 45-day period provides a lot of flexibility that, for many, is worth the price.
Anguilla Permanent Residence Real Estate option
The Select Anguilla real estate option offers a permanent resident permit. It requires you to purchase a property worth at least $750,000 for a family of 4. You need to add $100,000 per person for every extra person. This caters to those who want a stable status in the country and the chance to apply for citizenship in 5 years. You can still become a tax resident in the country and pay no income tax, but you’ll have to clock the 183-day period and break your tax residency abroad.
You must hold your investment for at least 5 years.
Donation to the Capital Development Fund
The Select Anguilla Donation offers permanent residence. It requires a donation of $150,000 to the Capital Development Fund and an additional $50,000 per additional dependent. This option caters to those who want to gain no-strings-attached permanent residence in another country. After 5 years, you can become eligible for naturalization as a BOTC if you were physically present in the country for most of the time.