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, foreign investors are compelled to enter this market. 

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.
A bar chart titled "Antigua and Barbuda: Export of Commodities in 2023" highlights three export categories: Refined Pet. at 73.6 million US dollars, Ships at 64.8 million US dollars, and Gas Turbines at 11.2 million US dollars, illustrating the robust conditions for company formation in Antigua and Barbuda. The national flag is displayed
Company formation in Antigua and Barbuda may well involve exports

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. 

An infographic titled "Antigua and Barbuda: Market Snapshot" showcases key statistics of the country, essential for company formation in Antigua and Barbuda. It includes population (94,298), GDP (USD $1.95 billion), GDP Per Capita (USD $22,322), Capital City (St John’s), and Major Exports (Cargo Ships, Refined Petroleum, Gold, Silver
Company formation in Antigua and Barbuda: a market snapshot from 2022 to 2023

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.

1. Can a foreigner have a business in Antigua and Barbuda?

Yes, foreigners can own and operate businesses in Antigua and Barbuda. The country welcomes foreign investment and offers various options for foreign entrepreneurs to establish businesses.

2. What is the Antigua Barbuda Company Tax ID (TIN)?

The Antigua Barbuda Company Tax ID is often referred to as the Tax Identification Number, which is obtained by completing forms CB001 and F16 to apply for a TIN.

3. How long does it take to register a company in Antigua and Barbuda?

Registering a company in Antigua and Barbuda typically takes around 8-10 weeks, depending on the type of business entity and the state of the application.

4. What is the meaning of an LLC company in Antigua and Barbuda?

In Antigua and Barbuda, an LLC stands for ‘Limited Liability Company’. An LLC is a legal entity that combines elements of both a corporation and a partnership, providing its members with limited liability protection and flexibility in management.

5. What types of entities offer limited liability in Antigua and Barbuda?

Several business entities in Antigua and Barbuda can provide limited liability to their owners, including companies limited by shares, limited liability companies, and International Business Companies (IBCs).

6. What are the main characteristics of an LLC in Antigua and Barbuda?

The main characteristics of an LLC in Antigua and Barbuda typically include:

  • Limited liability for its members.
  • Flexibility in management structure.
  • Pass-through taxation, where income is reported on the member’s tax returns.
  • Simplicity in formation and maintenance.
  • Ability to be used for various business purposes.

7. What are the main sectors targeted for investment in Antigua and Barbuda?

The industries eligible for Concessions under the revised Antigua and Barbuda Investment Authority Act of 2019 encompass a diverse range, including Agriculture, Fisheries & Agri-business, Business Process Outsourcing, Creative Industry, Energy, Financial Services, Health & Wellness, ICT, Manufacturing, and Tourism.

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.

Learn more about the region and our team and expert authors.

A BLH infogrpahic showing key services offered by the company
Key services offered by Biz Latin Hub for company formation in Antigua and Barbuda or elsewhere

The information provided here within should not be construed as formal guidance or advice. Please consult a professional for your specific situation. Information provided is for informative purposes only and may not capture all pertinent laws, standards, and best practices. The regulatory landscape is continually evolving; information mentioned may be outdated and/or could undergo changes. The interpretations presented are not official. Some sections are based on the interpretations or views of relevant authorities, but we cannot ensure that these perspectives will be supported in all professional settings.
Douglas Davis
Douglas Davis

CHIEF OPERATING OFFICER
TEAM CORPORATE
Douglas is a British accountant and a member of the Association of Accounting Technicians. Douglas has extensive experience working in the financial & legal sectors and providing market entry and back office services in Latin America.
Douglas has lived and worked for multinational companies in APAC, LATAM and EMEA. He is fluent in both English and Spanish and spent one year teaching International Translation at the University of Colombo.
Douglas is also an expert in real estate investment and consults in various overseas jurisdictions as well as acting in an executive capacity.

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