Antigua and Barbuda Offshore Company Formation
Antigua and Barbuda offers investors the opportunity to register an offshore company (IBC) and enjoy the range of benefits as provided by the country. Under the IBC Act 1982, Antigua offshore companies enjoy corporate tax holidays for 50 years from date of incorporation, and ensures companies have access to a host of financial and banking services through their sophisticated banking system.
For more information on Antigua offshore company formation and registration, please Contact Us. Alternatively, to proceed with your Antigua and Barbuda company formation please complete our online Company Application form.
Requirements for an Antigua and Barbuda Offshore Company
Legal form: Antigua offshore companies are governed by the International Business Corporations Act, passed in 1982 (Amended 1985). The IBC Act prohibits the disclosure of beneficial owners. Additionally, the act applies to banks and professionals (including attorneys, accountants, government officers, secretaries, etc.) and includes all commercial transactions arising in Antigua and Barbuda and continues to apply whether inside or outside of Antigua and Barbuda.
Name of the company: Antigua companies’ names must end with one of the following words – Limited, Corporation, Incorporated, etc. or their relevant abbreviations. Use of the following names require licensing; Bank, Insurance, Assurance, Re-Insurance, Trust, Trustee, Savings, Royal, Asset Management, Fund Management, Investment Fund, Building Society, Municipal, Chartered. Typically, names denoting any connection to local, state or national governments are prohibited.
Memorandum and Articles of Association: An IBC incorporation is performed by two Antigua and Barbuda citizens who are also residents, of which one must be an attorney. Companies in Antigua are formed under the Companies Act by submitting Articles of Incorporation, Notices of Directors and Registered Address and Request for Name to the Registrar of Companies. The Registrar issues a Certificate of Incorporation, and the company exists as from the date of the Certificate. Memorandum specifies the activities in which the company may engage and Articles of Association specify the rules governing the internal management of the company.
Shareholders: A minimum of one shareholder is required which may be an individual or a corporation. The details of company beneficial owners and shareholders are not part of the public records.
The share capital: There is no specific minimum capital requirement. The usual authorized share capital is US$ 50,000. The minimum issued capital may be one share of no par value or one share of par value and all issued shares must be fully paid. Registered shares, bearer shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights are permitted. A company may purchase its share back or reduce stated capital subject to solvency tests.
Directors of the Anguilla company: Antigua IBC requires a minimum of one director and corporations or trusts can serve as directors. Details of the directors appear on the public file and there is no requirement to have Antigua resident directors.
Registered office and secretary: Antigua IBCs must maintain a registered office and registered agent who may be a company or individual, resident in Antigua & Barbuda. Copies of the Articles of Association, Memorandum of Association, and Certificate of Incorporation must be kept at the Registered Office. A copy of the Register of Directors must also be kept at the Registered Office of the IBC. The Register is not available to the public. Antigua companies must have secretary who may be individual or company.
Taxation: There is a fifty year tax exemption for Antigua IBCs. This exemption applies to most forms of income, dividends, interest and royalties paid by and to foreigners. There is no exchange control and the unrestricted operation of bank accounts is permitted. An IBC benefits from the absence of capital gains and estate duties in Antigua.
Audit and financial returns: Whilst there is no requirement to file audited accounts or annual returns with the authorities, a company is required to keep financial records, which should reflect the financial position of a company.
Meetings: The directors and the shareholders meetings need not be held in Antigua & Barbuda also there is no requirement for an Annual General Meeting (AGM). All meetings may be held outside Antigua & Barbuda by telephone or other electronic means. Alternatively, directors and shareholders may vote by proxy.
Time needed for Antigua company formation: Usually it is 1 working day, but we need up to 10 working days for legalization of the documents and delivery by courier.
In order to proceed with the formation of the Antigua offshore company (Antigua and Barbuda International Business Company) complete our Company Application Form.
Our costs and fees for an Antigua Company (Antigua International Business Company)
Antigua Company Formation cost includes:
- Name check and approval
- Filing the incorporation documents with the Registrar of Companies
- Standard set of incorporation documents
- Payment of the government license fee
- Provision of registered agent and address for one year
- Provision of company secretary for one year
- Rubber stamp
Optional services (to be chosen by the client)
- Provision of nominee shareholder
- Provision of nominee director
- General Power of Attorney issued by a nominee director, Apostilled
- Notarial certification
- Apostille
- Opening a corporate bank account
- Bank card application
- Certificate of Incumbency
- Certificate of Good Standing
- Provision of postal address
- Mail collection, mail forwarding
- Metal Seal
- Extra rubber stamp
- Virtual office
Recurring maintenance fees from 2nd year and after
- Provision of registered address and registered office
- Provision of registered agent and company secretary
- Payment of annual government fee
Speak to one of our consultants for a free quotation
For DeltaQuest Corporate Services please contact:
Telephone: +357-25-878480
Fax: +357-25-761160
E-mail: corporate@deltaquestgroup.com
Mailing address: P.O.Box 57216, Limassol 3313, Cyprus
Business address: 14, Louki Akrita Str., Ayias Zonis, Limassol 3030, Cyprus
You can also use our online Contact Form
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