Page 39 - Caribbean-Central America Profile 2018

ANTIGUA & BARBUDA

CARIBBEAN-CENTRAL AMERICA PROFILE 2018

Official Name: Antigua & Barbuda
Capital: St. John’s
Nationality: Antiguan(s); Barbudan(s)
Official Language: English
Population Total (millions): 0.10 (2016 est.)
Size: Antigua: 108 square miles
Barbuda: 62 square miles
Currency: East Caribbean Dollar (XCD)
Internet Domain : .ag
International Dialling Code: +1 268
Electricity: 110/220 volts / 60 cycles

COUNTRY OVERVIEW INVESTMENT INCENTIVES
q Antigua & Barbuda is made The Government of Antigua & Barbuda has identified as Priority Investment Sectors:
up of three islands; Antigua, • Agriculture
Barbuda and Redonda.
q Barbuda, a flat coral island with • Diversified Tourism
an area of only 62 square miles • Healthcare Services
q Antigua’s has some 365 • Outsourcing and Specialized Services
spectacular beaches of fine
white sand. Antigua & Barbuda’s corporate income tax rate is 25% and exemption from payment or reduction in
q The capital is St. John’s on the rate is allowed depending on the level of capital investment and number of jobs to be created in new
Antigua. investment proposals and is supported by the following:
Antigua & Barbuda is a small, • Exemption from or reduction of payment of duty on the importation or purchase of raw materials,
stable country both politically and building materials, furniture, fixtures, fittings, appliances, machinery, plant and equipment for use
socially, with a strong democratic in the construction and operation of the business
system of government based on the • Exemption from or reduction of duty on the importation or purchase of vehicles for use in the
Westminster (UK) system. Antigua
and Barbuda is made up of six operation of the business
parishes, with Saint John’s as the • Reduction of property tax in respect of land and buildings used in the operation of the business
capital.
• Exemption from or reduction of payment of income tax under the Income Tax Act
Antigua & Barbuda is one of the • Reduction of Stamp duty payable by the purchaser or transferee, and by the vendor or transferor of
more prosperous states in the land
Eastern Caribbean with Tourism, • Reduction of stamp duty under the Non-Citizens Land Holdings Regulation Act
Business Service Outsourcing and
the Financial Services as the largest • Exemption from or reduction of withholding tax on dividends, under the Income Tax Act
sectors of the economy. It has a • A new Citizenship by Investment Programme is available in return for specified levels of investment
well-developed infrastructure and in the country.
and according to the World Bank,
Antigua & Barbuda is a ‘Middle to ANTIGUA AND BARBUDA INVESTMENT AUTHORITY (ABIA)
Upper Income’ country.
The Antigua & Barbuda Investment Authority was created by the government of Antigua & Barbuda
to promote and attract domestic and foreign investment in the nation. ABIA provides investors with the
necessary support and facilitation services and intelligence on local facilities and industry sectors.
Antigua and Barbuda Investment Authority
P.O. Box 80, Sagicor Financial, Center
#9 Factory Road
St John’s, Antigua
Tel: (268) 481-1000
Fax: (268) 481-1020
E-mail: INFO-ABIA@AB.GOV.AG

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