Antigua and Barbuda is an archipelagic country in the Caribbean composed of Antigua, Barbuda, and numerous other small islands. Antigua and Barbuda has a total area of 440 km2 (170 sq. mi.), making it one of the smallest countries in the Caribbean. The country is mostly flat, with the highest points on Antigua being in the Shekerley Mountains and on Barbuda the Highlands. The country has a tropical savanna climate, with pockets of tropical monsoon in Antigua’s southwest. Its most populated city is St. John’s, followed by All Saints and Bolans. Most of the country resides in the Central Plain that stretches from St. John’s to English Harbour. Antigua and Barbuda is a high-income country and is the most developed country in the Caribbean by Human Development Index. It is a member of the United Nations, the OECS, the Regional Security System, CARICOM, and the World Trade Organisation
Antigua and Barbuda is one of the only countries in the Caribbean to maintain an air force, and has a mostly service-based economy. Antigua and Barbuda maintains significant influence in the former British Leeward Islands and the eastern Caribbean, having the largest economy and population in the former colony. However, the country continues to struggle with human rights and political polarisation, with a significant Barbudan independence movement re-emerging and declining freedom of the press.
The sovereign state of Antigua and Barbuda is made up of three islands with the largest, Antigua, accounting for 99% of the population. Antigua and Barbuda has long been an attractive destination for investors owing to its picturesque beaches and favourable tax policies. Antigua and Barbuda’s economy is driven by its tourism sector, which accounts for over half of the country’s GDP and 46% of the island’s employment. Golden beaches, coral reefs, and a variety of exotic marine life have historically drawn tourists to the island, with most visiting on cruises.
Tax-Friendly Regime:
The country has no personal income tax, capital gains tax, or inheritance tax. It is a favourable location for generational wealth planning.
Citizenship by Investment (CBI):
Investors can obtain citizenship through a minimum investment of 400,000 Dollars (as part of a team) or a 260,000 donation to the UWI Foundation. This provides visa-free access to over 150 countries.
Incentives and Exemptions:
Qualified investors in sectors like tourism, manufacturing, and technology can receive tax holidays, duty-free concessions on equipment, and reduced corporate tax rates.
Strategic Location and Infrastructure:
The island serves as a Caribbean hub with multiple daily direct flights from the US, UK, and Canada. It boasts stable, modern infrastructure and a legal system based on English common law.
Business-Friendly Environment:
The economy is geared toward foreign investment, with a 15% capped VAT rate and a stable financial sector.
Real Estate Potential:
High-end rental demand is driven by a strong tourism sector, making property investment in areas like Jolly Harbour and English Harbour attractive.
Personal Income Tax:
Residents pay 0% tax on personal income, including salaries, dividends, and interest.
Corporate Tax:
A standard rate of 25% applies to companies, though it may be lower for specific financial institutions.
Capital Gains & Inheritance:
There are no capital gains taxes or inheritance taxes.
Value Added Tax (VAT):
The standard rate is 17%.
Non-Residents:
Non-residents may be taxed at 25% on income derived from sources within Antigua and Barbuda.
Property Tax:
Property taxes apply, and transactions may be subject to stamp duty.
Private Limited Company (Ltd):
Requires at least one director and shareholder, allowing foreign ownership, commonly used for, with flexible, Confidentiality of beneficial owners.
Public Company:
Suitable for larger enterprises intended for public investment.
One Person Company:
A type of private limited company designed for single owners.
International Business Corporation (IBC):
Used for offshore activities, benefiting from tax exemptions.
Sole Proprietorship:
The simplest form, suitable for small businesses.
Partnership:
A business structure where two or more individuals manage the entity.
Chandrawat & Partners is a prominent full-service firm dedicated to delivering top-tier professional services to clients both within the domestic and international spheres.
Chandrawat & Partners stands as a dynamic and rapidly expanding full-service firm, specializing in the delivery of exceptional professional and corporate services to a diverse clientele, both foreign and local. We proudly represent companies and individuals across a wide spectrum of sectors through distinct entities established in various countries worldwide.
Chandrawat & Partners stands as a dynamic and rapidly expanding full-service firm, specializing in the delivery of exceptional professional and corporate services to a diverse clientele, both foreign and local. We proudly represent companies and individuals across a wide spectrum of sectors through distinct entities established in various countries worldwide.
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