Company Formation in Antigua and Barbuda – key information

Newly formed companies in Antigua and Barbuda can benefit from the region’s advantageous tax policies, prime geographic position, and strong legal structures, which collectively create a welcoming environment for doing business within the country. This detailed guide will help you with company formation in Antigua and Barbuda

The island nation of Antigua and Barbuda is well known for its natural beauty, sunny weather and pristine beaches. A better kept secret is that the Caribbean country is an attractive destination for international companies and high net-worth individuals who wish to shelter their money from taxation abroad.

The economy of Antigua and Barbuda grew by over 5% in 2023 with the tourism and construction sectors providing strong returns. When this growth is combined with the strong investor protection offered by the local legal system, the attraction of company formation in Antigua and Barbuda is clear.

Another enticing reason for investors is that company formation in Antigua and Barbuda is a relatively straightforward process.

Before diving into company formation in Antigua and Barbuda, it’s important to consider which type of business one wishes to incorporate there, and in the case of the tax advantages on offer, whether or not the business will generate profits on or off the island.

Company Formation in Antigua and Barbuda: 3 Types of Business Structures.

1. Private or public Limited Liability Companies (LLCs) – Antigua and Barbuda-based companies that do business on the islands. Owners, directors and/or shareholders enjoy limited liability for the debts and obligations of the LLC.
   
2. Non-profit companies – A non-profit organization must have one of the following focuses to qualify: patriotic, religious, philanthropic, charitable, educational, scientific, literary, historical, artistic, social, professional, fraternal, sport or athletics.
   
3. International Business Corporations (IBCs) – Companies or investors that set up a subsidiary of their global operations in Antigua and Barbuda. This can be a physical or on-paper-only presence. These entities are free to do business internationally without limitations on international money transfers.

Businesses that do business/generate profits in the domestic market are subject to a 25-percent income tax rate. For this article, we will focus on the type of company where the real attraction lies – IBCs.

Also known as offshore companies, global corporations or investors domiciled in Antigua and Barbuda as an IBC enjoy several perks. 

Company formation in Antigua and Barbuda: Advantages of registering as an IBC

Investors, companies, and/or multinational corporations that register in the island nation as an IBC will enjoy the following benefits:

1. IBCs can conduct international business with no limits on where the corporation moves its money
2. No tax obligation in Antigua and Barbuda
3. No requirement to file accounts
4. Company ownership is not publicly disclosed
5. IBCs have the option to establish a physical office in Antigua
6. IBCs are free to bank anywhere
7. Tax exemption for business-related customs and duties

There are even more goodies on offer for foreign investors who don’t mind making a larger footprint on the island nation. Aside from company formation in Antigua and Barbuda, foreigners who invest USD$100,000 or more on the island are entitled to apply for dual citizenship. By purchasing a home or other property, contributing to the state university fund or making any kind of business investment, the investor and their dependents are all eligible to become citizens of Antigua and Barbuda. 

And since there is no wealth or inheritance tax or capital gains tax on any global income, the investor’s children and other family members can receive their inheritance tax-free.

Company formation in Antigua and Barbuda: A 12-step guide

The following steps outline company formation in Antigua and Barbuda as well as International Business Corporation registration.

• Step 1 – Search for and register the business name.
• Step 2 – Complete the business registration form.
• Step 3 – Request statement of particulars.
• Step 4 – Collect filed documents from the Antigua and Barbuda Intellectual Property and Commerce Office (ABIPCO.)
• Step 5 – Register for business and statutory deductions.
• Step 6 – If approved, the company will be issued a Business Name Registration Certificate.
• Step 7 – Two company representatives who are both citizens and residents of Antigua and Barbuda are required to begin the IBC application process. At least one of those reps should be an attorney.
• Step 8 – Submit all signed articles of incorporation.
• Step 9 – Draw up and submit a Memorandum of Association (MOA).
• Step 10 – Provide the names of the company’s directors.
• Step 11 – Submit all details about the company’s official address overseas.
• Step 12 – An application for an International Business Charter must also be filed.

Frequently asked questions when incorporating a company in Antigua and Barbuda

According to our experience, these are the most common questions that our clients have when incorporating a company in Antigua and Barbuda.

Biz Latin Hub can help you with company formation in Antigua and Barbuda

At Biz Latin Hub, our multilingual team of company formation specialists has broad experience supporting foreign executives starting businesses throughout Latin America and the Caribbean. We have offices in over 16 countries in the region and trusted partners in many more. With our strong track record of providing comprehensive back-office services to foreign investors — including legal, accounting, and recruitment support — we are ready to help you achieve your business goals in Antigua and Barbuda.

Reach out to us now for personalized assistance in opening a company in Antigua and Barbuda.

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