How to form a Company in Antigua & Barbuda?

Shira Smolko

The island nation of Antigua and Barbuda is effectively acknowledged for its purely natural splendor, sunny, tropical weather and pristine seashores. But what is not so properly-acknowledged is that the Caribbean state is an attractive place for intercontinental firms and substantial web-value individuals who desire to shelter their dollars from taxation abroad. That reported, business formation in Antigua and Barbuda is a fairly straight-ahead process.

Ahead of diving into firm formation in Antigua and Barbuda, it’s essential to take into consideration which variety of small business one particular needs to incorporate there, and in the case of the tax benefits on offer, no matter if or not the company will create revenue on or off the island.

Business formation in Antigua and Barbuda: Forms of corporations

  • Private or public Constrained Liability Companies (LLCs) – Antigua and Barbuda-primarily based corporations that do business on the islands. Proprietors, directors and/or shareholders appreciate confined legal responsibility for the money owed and obligations of the LLC.
  • Intercontinental Business Corporations (IBCs) – Businesses or buyers that set up a subsidiary of their worldwide operations in Antigua and Barbuda. This can be a actual physical or on-paper-only presence. These entities are free of charge to do small business internationally devoid of limits on intercontinental revenue transfers.

Organizations that do organization formation in Antigua and Barbuda with the intention of carrying out enterprise/make revenue in the domestic industry are subject to a 25-per cent income tax price. For the purposes of this report, we will concentration on the variety of corporation in which the serious attraction lies – IBCs.

Also identified as offshore firms, world wide firms or buyers domiciled in Antigua and Barbuda as an IBC appreciate a range of perks. 

Biz Latin Hub infographic on the export of commodities by Antigua in an article on Company Formation in Antigua and Barbuda
What are Antigua’s greatest exports? Essential to know when pondering about business development in Antigua and Barbuda

Enterprise formation in Antigua and Barbuda: Strengths of registering as an IBC

Investors, providers, and/or multinational corporations that register in the island nation as an IBC will love the pursuing gains:

  • IBCs can perform intercontinental business enterprise with no limits on where by the company moves its cash
  • IBCs are not demanded to fork out any tax in Antigua and Barbuda
  • No need to file accounts
  • Organization ownership is not publicly disclosed
  • IBCs have the alternative to build a actual physical business in Antigua
  • They are no cost to financial institution any where
  • They’re exempt from having to pay company-related customs and obligations

If readers of this report imagine that making a go into Antigua and Barbuda sounds desirable, they really should also contemplate organization development in Barbados. The Caribbean neighbors share numerous of the similar tax advantages, but Barbados does not go through from the unfavorable connotations that come with currently being labeled a tax haven.

There are even additional goodies on offer you for overseas buyers who do not intellect producing a larger sized footprint on the island nation. Apart from corporation development in Antigua and Barbuda, foreigners who commit $100,000 USD or extra on the island are entitled to apply for twin citizenship. By getting a household or other assets, contributing to the condition university fund or building any kind of business enterprise financial investment, the trader and his/her wife or husband, youngsters, mother and father and siblings are all eligible to come to be citizens of Antigua and Barbuda. 

And considering that there is no prosperity or inheritance tax or money gains tax on any world-wide income, the investor’s young children and other loved ones users can acquire their inheritance tax-free of charge. 

Doing business in Antigua, an infographic by Biz Latin Hub for an article on company formation in Antigua and Barbuda
When on the lookout into Corporation Formation in Antigua and Barbuda, it is essential to glance at its market place

Enterprise development in Antigua and Barbuda: A 12-phase tutorial

The pursuing lists define the incorporation phase, as properly as the International Business Corporation registration phase, of firm development in Antigua and Barbuda:

1. Company incorporation:

  • Search for and register company identify
  • Comprehensive the Enterprise Registration sort
  • Request assertion of particulars
  • Accumulate filed files from the Antigua and Barbuda Intellectual Home and Commerce Business office (ABIPCO)
  • Sign up for company and statutory deductions
  • If approved, the firm will be issued a Business Title Registration Certification

2. IBC registration:

  • Two company representatives who are the two citizens and residents of Antigua and Barbuda are expected to begin the IBC application method. At least a single of those people reps should be an lawyer.
  • Submit all signed articles or blog posts of incorporation
  • Draw up and submit a Memorandum of Affiliation (MOA)
  • Offer the names of the company’s administrators
  • Post all specifics about the company’s formal address abroad
  • An software for an Intercontinental Organization Constitution need to also be filed

Biz Latin Hub can assistance you with organization formation in Antigua and Barbuda

At Biz Latin Hub, our multilingual team of business formation professionals has broad encounter supporting foreign executives starting off businesses all over Latin The usa and the Caribbean. We have offices in about 16 nations around the world all over the location and trusted companions in lots of a lot more. With our strong track-history of giving in depth again-place of work companies to overseas buyers — like authorized, accounting, and recruitment assist — we are prepared to assistance you accomplish your small business ambitions in Antigua and Barbuda.

Get to out to us now for personalised assistance or a no cost estimate.

Study more about our group and expert authors.

A BLH infogrpahic showing key services offered by the company
Key services made available by Biz Latin Hub

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