The island nation of Antigua and Barbuda is known for its natural beauty, sunny weather, and pristine beaches. However, it is also a popular destination for international companies and high net-worth individuals looking to protect their money from foreign taxation. The process of company formation in Antigua and Barbuda is relatively simple. It is important to consider the type of business that one wishes to incorporate, as well as whether the business will generate profits on or off the island. There are different types of businesses that can be formed, including Private or Public Limited Liability Companies (LLCs), non-profit organizations, and International Business Corporations (IBCs). IBCs are particularly attractive due to the tax advantages they offer. They can conduct international business without limitations on the movement of money, are not required to pay taxes in Antigua and Barbuda, do not need to file accounts, and can establish a physical office on the island if desired. IBCs are also exempt from paying business-related customs and duties. Additionally, Antigua and Barbuda offer advantages for foreign investors, such as dual citizenship opportunities for those who invest a certain amount of money on the island. The process of company formation in Antigua and Barbuda involves several steps, including business name registration, completing registration forms, collecting filed documents, and filing an application for an International Business Charter. The entire process typically takes around 8-10 weeks. Foreigners are allowed to own and operate businesses in Antigua and Barbuda, and the country encourages foreign investment. Limited liability is offered by both Private Limited Companies (Ltd.) and Public Limited Companies (PLC) in Saint Lucia, with some differences in ownership, share trading, disclosure requirements, capital raising, regulatory requirements, and shareholder control. Biz Latin Hub provides comprehensive back-office services to foreign investors, including legal, accounting, and recruitment support, and can assist with company formation in Antigua and Barbuda.
