MORE THAN PERFECT BEACHES - REASONS FOR INVESTMENT IN ANTIGUA & BARBUDA
The twin tropical islands of Antigua & Barbuda are places of intense attraction - lifetime memories can be acquired while taking in the sublime beaches, magnificent harbors, charming marinas, iconic landmarks and lush green hills. These experiences are enhanced by the welcoming people that live on these islands. But, more than simply two perfect islands in the Caribbean sea, Antigua & Barbuda also offer a powerful investment proposition that is turning heads in the international markets. There are many reasons investors are choosing Antigua & Barbuda! Here are just a few of them:
Stable, Democratic, Business Friendly
Antigua & Barbuda is a small, stable country both politically and socially, with a strong democratic system of government based on the Westminster (UK) system.
Beautiful, Safe Location
Antigua & Barbuda is one of the most secure and safe countries in the Caribbean and compares very well worldwide for low crime rates and the rule of law. The country has little or no exposure to large-scale security concerns, such as terrorism, cybercrime, and money laundering.
Well Educated Population
Antigua & Barbuda is one of the more prosperous states in the Eastern Caribbean with Tourism, Business Service Outsourcing and the Financial Services as the largest sectors of the economy. The literacy rate is over 95% reflecting a consistent focus on investment in education.
Antigua & Barbuda has developed significant human resource skills in tourism, information technology-enabled services, financial services and construction. A network of colleges, as well as accreditation and certification bodies, ensures that skills quality meets world standards. Further, government policy is aimed at ensuring that the skills being produced match competitive business requirements.
Robust ICT Infrastructure
Antigua & Barbuda places a high priority on ICT as an important enabler for national development. As a consequence, the country has experienced rapid growth in its ICT sector, driven by major public and private sector investment. Antigua & Barbuda now has a modern telecommunications infrastructure. This has facilitated fast growth in broadband internet and data and voice services that are so vital for modern information-intensive businesses.
Business Friendly Currency & Foreign Exchange
Antigua & Barbuda is a member of the Organization of Eastern Caribbean States (OECS) within a common central bank and currency area. The currency is the Eastern Caribbean Dollar that is pegged to the US Dollar at the rate of EC$2.70 to US$1. The country has no foreign exchange controls or restrictions on capital repatriation.
Attractive Tax Regime
Antigua & Barbuda’s corporate income tax rate is 25% and exemption from payment or reduction in the rate is allowed depending on the level of capital investment and number of jobs to be created in new investment proposals. Further, exemption from or reduction in the rate of import duty on raw materials, components and machinery and equipment can also be granted. A new Citizenship by Investment Programme is available in return for specified levels of investment.
The people of Antigua & Barbuda are noted for their friendly and welcoming nature, particularly towards visitors, whether tourists or investors. There is wide acceptance of the importance of attracting foreign investment into the country.
Strong Legal Framework
Antigua & Barbuda has a Common Law system based on the UK model. The legal code guarantees investor protection, facilitating an attractive investment environment. In the Latin American Caribbean Region, Antigua & Barbuda is ranked highly for enforcing contracts and protecting investors.
International Business Corporations
– Conduct of international business free of any tax in Antigua
– No requirement to file accounts
– Ownership is not publicly disclosed
– May establish a physical office in Antigua
– Freedom to bank anywhere
– Can be set up within approximately 7 days
Locally Incorporated Companies
– The best vehicle for conducting business in Antigua
– Can be set up in 1-2 weeks
– Can use non-citizen Directors
– Tax incentives available for major inward investment
The Government of Antigua & Barbuda has identified Tourism and Financial Services as priorities. These are complemented by Business Support Services, Education and Logistics.
Citizenship By Investment Program - Options
– Contribution to the National Development Fund (NDF) of between $100,000 to $125,000 depending on family size.
– Real estate – minimum of $400,000 or $200,000 as part of a joint investment.
– Investment in business – minimum of $1.5 million for a single investor or $400,000 as part of a $5 million consortium.
For more details, visit: www.investantiguabarbuda.org