Anguilla's Financial Services Department Continues Overseas Marketing Efforts

by Amanda Banks, Tax-news.com, London

23 April 2001

The government of Anguilla's financial services department is going from strength to strength. In March we reported that the country's financial services sector had activated a three-pronged communications approach to become more accessible to its existing customers and potential clients. In the same month a branch of the Society of Trust and Estate Practitioners (STEP) was established in Anguilla. And the Registrar of Companies, Mr Lanston Connor, has announced that he will continue promoting Anguilla on an international scale with a busy schedule comprising conferences and exhibitions in Madrid, Spain and the Cayman Islands in the first quarter of 2001.

Already Mr Connor has attended the Offshore Planning Conference and Exhibition entitled "The Offshore World and its Future", organised by the Iberian Peninsula Chapter of the Offshore Institute. Sponsored by firms Premier Financial Services International and Shoreline, the three day event took place last week (18 - 20 April). During the event, matters affecting the international financial services industry were discussed including "offshore banking in the new millennium", "international asset protection and estate planning," and "advanced international tax planning techniques," amongst others. This was the first time that Anguilla's financial services department had visited Spain to market the island as an international financial services jurisdiction.

Mr Connor's next stop will be the 2001 STEP Caribbean Conference to be held in the Cayman Islands from 30 April to 2 May. The event - called "Raising the standard in a globally transparent age" - will cover discussions such as "The succession of shares in offshore companies," and "Trustees and Commercial Transactions."

Accompanying Mr Connor at the STEP conference will be Ms Palmavon Webster who, as the newly elected Chairman of the AFSA/GOA Marketing and Promotion Committee, will play a key role in developing Anguilla's marketing strategy.

In a statement released by the Anguilla government, Mr Connor elaborated on his latest marketing activities, explaining: 'These events will build on previous efforts to position Anguilla as the jurisdiction of choice for the 21st Century. With Ms Webster's election as Chairman of the Government of Anguilla's Financial Services Department and Anguilla Financial Services Association (AFSA/GOA) Marketing and Promotion Committee, we intend to continue to be proactive in our marketing activities which have already begun to bring benefits to the jurisdiction. To date, company incorporations are significantly up over last year and more practitioners are showing an interest in Anguilla by wanting to become overseas agents of Anguilla's Commercial On-Line Registration Network (ACORN) system or applying for trust service provider or company management licences.'

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