Antigua and Barbuda Restricted International Trust Licence

A Restricted international trust licence permits carrying on of international trust business without restrictions. A licensed institution holding a Class I Restricted International Trust Licence shall maintain a minimum capital as may be determined by the Commission from time to time, but not being less than two hundred and fifty thousand United States dollars in paid up capital. Antigua and Barbuda Restricted International Trust Key Features

1. A licensed corporation must have its own separate office large enough to comfortably accommodate a staff of at least two (2) persons, computer equipment and facilities to accommodate clients.
2. Licensed corporations must have at least one (1) full-time employee.
3. Physical records are to be remitted at the latest on a monthly basis to Antigua and Barbuda and stored in a manner that can be easily reproduced.
4. A trust corporation is subject to an annual on-site examination to ascertain, among other things, compliance with the relevant laws, regulations and international standards;

Antigua and Barbuda Restricted International Trust Legal Requirements

Antigua and Barbuda International Trust	Corporate Details
Restricted
Type of Entity	International Trust
Registered Office in Antigua and Barbuda	Yes
Share capital or equivalent
Standard currency	USD
Permitted currencies	Any
Minimum paid up	None
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 Restricted International Trust Tax Treatment Tax exemptions for an international trust are granted for up to twenty (20) years Antigua and Barbuda Restricted International Trust Duration to Set up 2 Weeks Antigua and Barbuda Restricted International Trust Distinctive Benefits

• Tax exemptions for an international trust are granted for up to twenty (20) years in Antigua and Barbuda
• The trustee may be vested with control over the assets by being empowered to deal with them.
• A trust will be valid and enforceable where there is a definite beneficiary or where there is no definite beneficiary but there is some purpose to the trust.

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