Antigua & Barbuda

Antigua & Barbuda Investment Opportunities

Building on strengths such as natural beauty, mild weather, economic and political stability, a central Caribbean location, friendliness and a well-educated workforce, the Government of Antigua & Barbuda has identified Tourism and Financial Services as priority investment sectors. These are to be complemented by Health and Wellness, Business Support Services, Education and Logistics
Priority Investment Sectors
The presence of the Antigua and Barbuda International Institute of Technology (ABIIT), and the cadre of trained and certified technicians being produced, represents a strength on which to build. Prior to regulatory and legal challenges, the number of sports-book and gaming operators in Antigua and Barbuda was testament to the quality of people and telecommunications infrastructure, which supported these operations. In fact, several thousand well-trained employees and a marked increase in commercial space were by-products. This combination allows for a resurgence of the internet gaming sector and for immediate upgrade to business process outsourcing.
Additionally, being situated in the “heart of the Caribbean”, the twin- island nation can further exploit its potential in logistics, business support and financial services. To complement and support these operations, the presence of several international banking institutions, in addition to global correspondent banking relationships, can facilitate operations in these sectors.
Additional Investment Sectors
The highlighted segments reinforce each other in a synergistic manner. For instance, enhanced investments in segment-specialized education benefit the development of investments in tourism, health and wellness, business support and financial services. Additional investment in the health sector in the country would also entice more retirees to settle and/or have a second home in Antigua and Barbuda, fostering the development of more residential condominiums and time-share resorts. ICT training directly opens the possibility for technical support centres and perhaps software development based in Antigua.
Under the Antigua and Barbuda Investment Authority Act, investors can access exemption or reduction in customs duties, income tax, reduction in property tax and stamp duty on non-citizens Land Holding License.
Investment Incentives
Incentives are based on the size of capital investment and the number of persons who will be employed as a result of the project. The generous list of incentives is provided below:

 

  • Exemption from or reduction of payment of duty on the importation or purchase of raw materials, building materials, furniture, fixtures, fittings, appliances, machinery, plant and equipment for use in the construction and operation of the business
  • Exemption from or reduction of duty on the importation or purchase of vehicles for use in the operation of the business
  • Reduction of property tax in respect of land and buildings used in the operation of the business
  • Exemption from or reduction of payment of income tax under the Income Tax Act
  • Reduction of Stamp duty payable by the purchaser or transferee, and by the vendor or transferor of land
  • Reduction of stamp duty under the Non-Citizens Land Holdings Regulation Act
  • Exemption from or reduction of withholding tax on dividends, etc. under the Income Tax Act
  • With its consistent record of commitment to providing high quality service to businesses and organisations from around the world, Antigua & Barbuda is one of the world’s foremost Offshore Services hubs. The stable, English-speaking Caribbean state is the ideal location for medical transcription, and financial services. Corporate registry and legal and accounting services are only some the wide range of offshore services available in Antigua and Barbuda.
  • This depth of professional Offshore Service offerings reflects the country’s firm commitment to develop and advance its presence as a provider of high quality financial and corporate outsourced services.
  • Through institutions such as the Antigua Barbuda Investment Authority (ABIA), Antigua & Barbuda is also demonstrating the progressive developments in the country as it continues to meet the requirements of an increasingly sophisticated global services marketplace.
  • Antigua & Barbuda has been very diligent in ensuring that its administrative and legislative environment is continually refined so that legislation and products are tailored to effectively meet emerging market needs.