Anguilla is a small economy, being the world's 208th largest exporter. The country possesses few natural resources. The major economic sectors of Anguilla are luxury tourism, lobster fishing and offshore banking. Anguilla's economy depends on the external economic conditions, because of its small territory and reliance on foreign direct investment. Despite all these conditions, economic growth in Anguilla is possible.
The main industries practiced in Anguilla are boat building, financial services, fishing and tourism. The agricultural sector doesn't play an important role in Anguilla's economy, as the country has thin arid soils, which are unsuitable for the cultivation of crops.
Regarding, Anguilla's exports, it should be mentioned that in 2008, food products, drinks, live animals and tobacco accounted for 41% of all exports. Machinery and transport equipment, in the same period, represented 19.7% of the exported goods. Other important exports include liqueur, spirits, rum, solid cane, beet sugar, lobster, fish, salt, cement, concrete blocks, motor vehicles, centrifuges.
Guyana, the Netherlands Antilles and USA, Azerbaijan, Indonesia, Saint Lucia, Belgium and Luxembourg are the major export partners of Anguilla.
Anguilla's major sources of revenue include contributions from emigrants, offshore banking and lobster fishing. The most of the country's inhabitants are employed in the field of commerce – 36%, and the service industry employs about 29% of the labor force. Agriculture isn't very developed on the island, however a few crops are cultivated (mostly tobacco and vegetables). Cattle raising also exists as an economic activity.
It should be mentioned that in recent years, the major objective of the Anguillan government was to develop the country's offshore financial sector, which has grown consistently. Anguilla also aims to obtain 15% of its energy from solar power in order to cut imports of expensive fuel. The diversification of the economy would be a good solution for Anguilla's economy to stop relying on one main source of revenue.
Regarding Anguilla's imports, it's worth noticing that they increased on average by 27.6% in recent years. Imports of manufactured goods account for 18.3% and 16.7% represent transport equipment imports. The major imported commodities include refined petroleum, motor vehicles, recreational boats, aluminium structures, construction materials, furniture, wood, food.
The US, the UK, France, Japan and Barbados are the island's major import partners.
Anguilla Customs Contacts
Address: P.O. Box 60, Secretariat Ground Floor East, The Valley, Anguilla
Telephone: 264 497 2513
Fax: 264 497 5483
Anguilla is a British overseas territory situated in the Caribbean. It lies east of Puerto Rico and the Virgin Islands and directly north of Saint Martin. Anguilla is known as a popular tax haven, as it has no direct taxation on individuals or corporations. The country is a member of the Caribbean Community and Common Market (Caricom/associate), Caribbean Development Bank, Organization of Eastern Caribbean States (OECS) and other international organizations.
Import tariffs vary between 0% and 20% according to the products. Here are some examples:
- fish, crustaceans and other aquatic invertebrates – 15 %
- dairy – 5-20%
- vegetables – 0-15%
- fruits and nuts – 0-5%
- coffee, tea, spices – 10%
It should be mentioned that imports and exports in Anguilla are exempted from VAT taxes.
According to the Anguillan Customs law, all imported products require a declaration to be made by the importer. This declaration can also be made by an authorized agent of the importer.
To make a declaration, the importer/agent must access the Asycuda World (see the link below). Using this tool, the importer makes the declaration electronically, registers and pays the duties.
Importers of plants, plant parts, plant products, seeds and other products of the kind must complete an Application for Import Permit from Agriculture Department. The Permit must include the following details:
An Application for a permit should be completed for the importation of the animals. The Application should include the following information: age, sex, color and breed, port of entry, time of arrival and carrier.
The Import Permit must be presented to the Customs Division at the port of entry and must be accompanied by a certificate proving that the animal was vaccinated against rabies within the six (6) week period immediately preceding arrival in Anguilla, and a Certificate of General Health issued within two (2) weeks prior to arrival.
Documents for import
- Transport documents
- Commercial invoice
- Simplified declaration
- Import licenses and permits
- Health and phitosanitary certificates
Asycuda World Portal