The International Business Corporations Act of 1982 (as amended) provides excellent confidentiality and privacy. The Act prohibits the disclosure of information imparted under conditions of business or professional confidence. 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.

Antigua and Barbuda IBC Key Features

  1. Bearer shares are allowed and there is no requirement for disclosure of the beneficial ownership.
  2. There is also no requirement for filing audited accounts or annual statements of any kind.
  3. A company incorporated under the Act is exempt from income tax for all payments by the company to persons not resident in Antigua and Barbuda.
  4. There are no real estate, inheritance, succession, gift taxes, or duty, payable by persons not resident in Antigua and Barbuda with respect to any shares, debt obligations or other securities of a company incorporated under this Act.
  5. Antigua and Barbuda is an independent nation, it is not affected by the UK/EU regulations concerning the tax status of the British Dependent Territories.

Antigua and Barbuda IBC Legal Requirements

Antigua and Barbuda IBC

Corporate Details

General

  • Type of Entity

IBC

  • Registered Office in Antigua and Barbuda

Yes

Share capital or equivalent

  • Standard currency

USD

  • Permitted currencies

Any

  • Minimum paid up

No minimum

Directors

  • Minimum number

One

  • Corporate directorship allowed

Yes

Shareholders

  • Minimum number

One

  • Corporate shareholder allowed

Yes

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

No

  • Requirements to file accounts

No

Antigua and Barbuda IBC Tax Treatment

Antigua and Barbuda IBC is exempted from all income tax.

Antigua and Barbuda IBC Duration to Set up

1 or 2 Business Days

Antigua and Barbuda IBC Distinctive Benefits

  • Quick and easy formation
  • Competitive company formation and maintenance cost
  • Reputable jurisdiction with a high regard for economic liberty
  • No exchange control
  • Solid banking system and strict banking privacy laws
  • Tax advantages: no capital gains and estate taxes
  • No minimum capital requirements
  • Annual audited financial statements or annual corporate filings are not required.
  • Meetings of directors and shareholders can be held outside of Antigua and Barbuda
  • Shares may be bearer or nominative

The Valsen Advantage

  1. End to end comprehensive service
  2. Speedy and efficient service
  3. Expert advice on structuring options
  4. Dedicated ongoing compliance support
  5. Extensive network pool of service providers