Registration of Company in Antigua

Company Formation and Registration Services in Antigua

Antigua is an island located in between the Caribbean Sea and Atlantic ocean, the nation consists of two major islands (Antigua and Barbuda) with a number of neighbouring smaller islands. It is bordered by Saint Kitts & Nevis, Montserrat and Guadeloupe, with the coast of Antigua (west) and Atlantic ocean (east).  The capital of Antigua and Barbuda is St. John, with the nation having a population of over 89,000 people. The rule of government is that of a unitary parliamentary representative democratic monarchy, Queen Elizabeth II is the current head of state of Antigua with a Governor-General as the vice-regal representative of the Commonwealth member state. The main economic sector of this nation is tourism which contributes to more than half of its GDP.

The official language of Antigua and Barbuda is English, its judicial system is based on the English legal system, the English common law (the legal framework of this jurisdiction) while the IBC (International Business Company) Act 1982 (amended 2018) and LLC (Limited Liability Company) Act 2000 guides company registration and formation related services. The official currency is the Eastern Caribbean dollar (XCD). The authority responsible for the regulation of IBC in this jurisdiction is the International Financial Sector Authority (IFSA).

Benefits of Company Formation in Antigua

• Politically and economically stable jurisdiction;

• Modern-day offshore financial sector;

• Easier company incorporation process;

• No currency exchange control ( a liberalized economy);

• The well-equipped banking system with strict banking confidentiality laws;

• Confidentiality of beneficial owners and shareholders (not available to the public)  

• Favourable tax regime;

• Double taxation treaties with 12 countries and TIE treaties with 20 countries;

• No minimum capital requirements;

• No annual audited or financial reports filing requirements;

• Legal registered address and registered agent;

• Presence of free trade zones (and processing zones). 

Business in Antigua: Taxes

Basic corporate tax - 0%-25%

Personal income tax - 10%-25%

Tax exemption - No capital gains, withholding, estate, inheritance taxes and many more; Tax exemption for fifty years from the company incorporation date for an offshore company in Antigua;

Fiscal freedom is available only in the case of income/profits received outside Antigua; The Antigua company does not pay stamp duty;

The amount of the annual state fee is $300;

Double taxation treaties with 12 countries and a network of tax information exchange agreements with 20 countries.

Bookkeeping in Antigua

Annual financial report filing - No

Statutory audit - No

Annual return filing - No

The companies in Antigua are not subject to the annual financial statements to tax authorities of the state. The annual, accounting and audit reports of Antigua’s corporations are not required but it is important to keep records or documents at the legal registered office address in Antigua.

Registration of Company in Antigua: Types of Companies

• International Business Company (IBC);

• Limited Liability Company (LLC) - Private and Public Limited Liability Companies;

• Non-profit companies;

• Foreign company branch or representative office.

Company Registration Requirements in Antigua

• Memorandum and Articles of Association;

• Article/Certificate of Incorporation;

• Company Director(s) appointment;

• Acceptance Letter of the Director;

• Name Reservation Request

• First Board Resolution;

• Register of Members and directors;

• Share Certificate(s);

• Legal address and registered agent of the company.

How to Register a Company in Antigua: The Registration Process

Step 1. Law and Trust works with the client to get the company’s name and activity approval from the Companies Registry;

Step 2. Law and Trust with the client to secure the Memorandum of Association (MOA);

Step 3. Law and Trust collects, prepares and files the necessary incorporation documents on behalf of the client to the relevant authorities for approval;

Step 4. Law and Trust works with the client to open a corporate bank account in Antigua;

Step 5. Law and Trust deliver the certificate of incorporation personally to the client or via courier service.

Antigua Company Formation FAQs

How much does it cost to register a company in Antigua?

The cost of registering a company in Antigua is $2215. the total cost includes the preparation of legal documents, company registration, payment of all taxes and fees at the time of registration and legal address for the company (a year).

How long does it take to register a company in Antigua?

It takes from two days to complete the company registration process in Antigua.

Can I start a business without registering it in Antigua?

It is not possible to start a business in Antigua without registration, a license is required to operate or run a business in Antigua.

Do I need a local address to register a company in Antigua?

Yes, it is required to have to a registered address in Antigua to complete the necessary company registration and formation process.

How can I register a company name in Antigua?

The registration of a company name begins with the filing of the appropriate documents, Law&Trust helps with preparation and compilation of the necessary documents ensuring it meets the requirements set out by the companies registry with regards to the approval of a company name.

WHY INCORPORATE WITH LAW&TRUST INTERNATIONAL?

Benefits of company registration, formation, and incorporation service with Law&Trust International in Antigua include:

Full range of related services: Provision of a full range of legal, corporate, government, and business intelligence related services in Antigua. A detailed overview of our services includes full legal support of the company registration procedure, obtaining a legal address, interaction with the official government authorities of the jurisdiction, state fees, legal address of the company for a year, production and registration of company stamps and advising the client as part of the registration process. Opening a bank account and the cost of this service are discussed during the consultation.

Professionals and expertise of Law: Worldwide registration and legal maintenance of companies, accounting services, and audit, tax planning and optimization, trademark and patent registration. Law and Trust provide the client with the best company incorporation services.

Domestic service: Law&Trust ensure our services cover every region, area or state in Antigua. Be rest assured that no matter where the new company intends to incorporate in Antigua, we’ve got the location covered.

Free initial advice: Free consultation from the lawyers of Law&Trust International regarding strategies or the provision of services for analyzing and developing a legal position on an issue the client raises in Antigua.

Confidentiality: Law&Trust makes use of modern technological features to keep the records and details of every client safe.

Efficiency and productivity: Strategically providing up to date personalized services to help your business succeed.

READY FOR COMPANY INCORPORATION?

If you are interested in registering and incorporating a company in Antigua, contact Law & Trust International by simply sending an email or call now to take your business to the next level!