Ministry of Legal Affairs
Antigua and Barbuda
Antigua and Barbuda
East Caribbean Dollar
Q: What types of companies can be formed in Antigua and Barbuda?
A: Companies in Antigua and Barbuda can take the form of a private company, a public company, or a branch of a foreign company.
Q: What are the requirements to form a company in Antigua and Barbuda?
A: To form a company in Antigua and Barbuda, you must have at least one shareholder and one director, who can be the same person. There is no minimum share capital requirement, and the company can be owned entirely by non-residents. You will also need to register your company with the Registrar of Companies.
Q: How long does it take to register a company in Antigua and Barbuda?
A: The registration process can be completed within a few days, as long as all required documentation is in order.
Q: What are the documents required to register a company in Antigua and Barbuda?
A: The specific documents required depend on the type of company being formed, but generally include articles of association, a memorandum of association, and a certificate of good standing from the shareholder(s)' home country.
Q: Can foreigners own a company in Antigua and Barbuda?
A: Yes, foreigners can own a company in Antigua and Barbuda, and there are no restrictions on the percentage of ownership.
Q: What are the tax implications of forming a company in Antigua and Barbuda?
A: Antigua and Barbuda has a corporate tax rate of 25%. However, there are tax incentives available for certain types of businesses, such as those in the tourism sector.
Q: What are the ongoing compliance requirements for a company in Antigua and Barbuda?
A: The specific compliance requirements depend on the type of company, but generally include filing annual returns and financial statements with the government.
Q: Can I use my Antiguan and Barbudan company to do business outside of Antigua and Barbuda?
A: Yes, you can use your Antiguan and Barbudan company to conduct business anywhere in the world, as long as you comply with the relevant laws and regulations in those jurisdictions. However, you may need to obtain additional licenses and permits to operate in certain countries.
"Antigua and Barbuda is a small Caribbean nation with a population of just over 100,000 people. The economy of Antigua and Barbuda is largely dependent on tourism, which accounts for nearly 60% of the country’s GDP. The country also has a strong financial services sector, which contributes around 20% of the GDP. The country’s main exports are petroleum products, machinery, and food and beverages.
The economy of Antigua and Barbuda has been growing steadily in recent years, with GDP growth averaging around 3.5% between 2015 and 2019. The country’s unemployment rate is also low, at just 4.2% in 2019. Inflation has been relatively low, averaging around 2.5% in 2019.
The government of Antigua and Barbuda has been working to diversify the economy and reduce its dependence on tourism. The government has implemented a number of initiatives to attract foreign investment, including tax incentives and investment promotion programs.
Overall, the economy of Antigua and Barbuda is in good shape, with steady growth and low unemployment. The government’s efforts to diversify the economy and attract foreign investment should help to ensure that the country’s economic growth continues in the future."
Antigua and Barbuda has a territorial tax system, which means that only income earned within the country is subject to taxation. The tax system in Antigua and Barbuda is divided into corporate and personal taxation.
- The standard corporate tax rate is 25%.
- Companies engaged in offshore banking and international business may be eligible for tax incentives, including exemptions from certain taxes.
- The personal income tax rate is progressive, ranging from 10% to 25%.
- Capital gains tax and inheritance tax are not levied in Antigua and Barbuda.
Process and Calendar for Payments:
- Corporate taxes are payable annually in advance on the first day of the fiscal year.
- Employers are required to withhold personal income tax from their employees' salaries and remit it to the tax authorities on a monthly basis.
- The tax year in Antigua and Barbuda runs from January 1 to December 31, and tax returns must be filed by March 31 of the year following the tax year.
- Late payment of taxes may result in penalties and interest charges.
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