Vince Cate, president of Anguilla-based Offshore Information Services Ltd., says the technology campus is a good idea. There is no income tax or sales tax here. This makes business a lot easier. For a high-growth industry, this is very important. If you can plow all of your profits back into growth, you can grow much faster than if you can only keep half your profits to use for growth.
Tax efficiency is central to the campus concept.
Bell says businesses realize tax optimization is important to their operation in much the same way they recognize the need for low production and labour costs in order to be competitive internationally. Similarly, if you want to optimize a technology business such as a global online banking service, you might want to consider a hub like Anguilla with tax and other significant advantages. Bell says these advantages are helping turn Anguilla into a development centre and a place to test or pilot new products. Hush maintains its source code and intellectual property in Anguilla. As did Secure Accounts Ltd., whose new Secure Accounts eXchange Arbitration System software product, integrates with the Internet so financial transactions even between parties thousands of kilometres apart can be handled in seconds.