Because of its ease of formation and limited reporting requirements, the international business company may be suitable when it is not intended to carry on business in Anguilla. Such a company may have one or more directors, who may be nominees or any person or persons recognised under Anguilla law, including a company, trust or partnership; it may purchase or redeem its shares and meetings may be held anywhere, by telephone or other electronic means. Further, treasury and bearer shares are permitted and there are no financial audit or statement requirements; share register inspection is restricted to registered shareholders; and domicile can easily be transferred to and from Anguilla. An international business company may be used in conjunction with other entities, such as a trust, or various forms of partnership.