Antigua and Barbuda

Antigua and Barbuda is an independent Commonwealth state in the Eastern Caribbean. Antigua is 14 miles long and 11 miles wide and its flatland topography was well-suited to produce its early crops of tobacco, cotton, and ginger. The main industry, however, developed into sugar cane farming, which lasted for over 200 years. Today, following its independence from Britain in 1981, Antigua’s key industry is tourism and related service industries. The next largest job-creating sectors are the finance services industry and the government.

With some 365 beaches of clean, clear, turquoise waters, the lush tropical island of Antigua is an inviting paradise and considered to be one of the most beautiful places in the world. As a result, tourism is the key driver of GDP and generates around 60% of the island’s income, with key target markets being Canada, Europe, and the USA.

Antigua and Barbuda offers a Citizenship by Investment Program, which is regulated by the Antigua and Barbuda Citizenship by Investment Regulations 2014 Act, amended in 2016.

Under this program, individuals that make an economic contribution to the country, may become Antigua and Barbuda’s citizens, along with their dependents.

All income of the citizens or residents of Antigua and Barbuda is free of any kind of local taxes, whether the income is remitted or not. Antigua and Barbuda is a traditionally low tax and offshore jurisdiction free from personal income tax, capital gains tax, inheritance tax and wealth tax. There is a real property tax from 0.1% up to 0.5% on the assessed market value of the property.

Any international business may be managed through an IBC (international business corporation), and its profits will be exempt from tax.