According to Eric Major, founder of Latitude Consultancy, “With the help of the consortium, the government will be establishing a new promotional agency that aims to attract foreign direct investments to the country, primarily by encouraging ultra-high net worth (UHNW) individuals and families to establish residency in Anguilla. However, it is not just about attracting money to Anguilla, but also those individuals who have the global networks and business acumen that can bring important ancillary benefits which are so highly desired. Once the promotional agency is up and running early next year, we will be ready to promote Anguilla internationally.”

Armand Arton, founder of Arton Capital, noted that “Competition is high, but we believe Anguilla can offer an attractive proposition that caters to a niche-market of ultra-high net worth individuals”.

Tax residency will be one of the new agency’s primary offerings and will be tailored for those UHNW clients looking for compliant and tax efficient solutions in a complex world of tax rules and regulations.