- Ultra-fast company transfer
- All clear - fixed cost - no surprises
- Easy - just pick the company and tell us when you coming
- Good relationship with most important banks
- Unlimited bank accounts - no caps/no limits
- Foreign bank accounts
Antigua and Barbuda
The country gained independence from the United Kingdom on 1 November 1981, becoming a member of the Commonwealth. Antigua and Barbuda is a constitutional monarchy, and the official head of state is British Queen Elisabeth II, represented by the Governor-General. The country has a stable political system and good economic situation. From the British, Antigua inherited a legal system based on common law principles, with stable judiciary. The legal code guarantees protection of investors, creating very good environment for doing business. The country is very highly valued in terms of execution of agreements and protection of investors, which is not commonplace in Latin America.
Antigua and Barbuda is also one of the safest places in the Caribbean, with low level of crime and high level of respect for the rule of law.
Education level is high, which translates into the quality of the services provided in tourism, IT and telecommunications services, financial services or construction.
The official language is English, and the official currency is Eastern Caribbean dollar (XCD).
Antigua is one of the classic offshore countries offering financial services of the highest standard. The government is cooperating with the private sector to establish guidelines on the best corporate management practices.
Antigua is a great location for setting up a company providing services on the international market, as companies formed by foreigners enjoy exemption from income tax (provided income is generated abroad) for the period of 50 years of company formation. Moreover, companies are registered quickly, there is no currency control or reporting obligations both on the part of companies and shareholders.
The backbone of the economy is tourism, while the second place is taken by financial services and servicing foreign companies that are registered here.
The most popular type of company among foreign investors is International Business Corporation (IBC), whose activity is regulated by International Business Corporations Act (IBC Act) of 1982, as amended, and Financial Services Regulatory Commission (FRSC).
IBCs may conduct business operations only outside the territory of Antigua and Barbuda. However, they have to have an office in the territory of the country and be registered by a licenced agent.
IBC has to have at least one shareholder, who may be both a physical and a legal person, and there is no requirement for them to be residents of Antigua and Barbuda. Shareholder data is not reported to the register (FSRC), which guarantees high level of privacy. IBC may issue shares with or without par value. Bearer shares are allowed as well.
International Business Corporation has to have at least one director who may but does not have to be a shareholder. This may be both a private person and a company. Director data, as in the case of shareholders, is not public.
There is no requirement to appoint officers, but it is a common practice to appoint at least one secretary who has to be a physical person. Officers are appointed by the management board and report to it.
There is no requirement with regard to minimum share capital, the requirement only concerns the licenced sectors. Most types of business activity do not require a licence. The licenced sectors are banks, insurance companies, casinos and betting services and trust services. In this case, information on shareholders and directors is reported to the register.
Every company has to have a unique name. The name cannot include the words: bank, insurance, trust, or terms that may be misleadingly suggest the company is linked to the government.
IBCs are easy to manage, as shareholder and management board meetings may take place both in the territory of the country and outside its borders, yet they have to take place at least once a year. There is no obligation to submit annual financial statements (with the exception of companies that require licence).
Antigua is unquestionably a tax haven, even though corporate tax on the companies operating in the territory of the country is 25%. Owners of International Business Corporations (IBCs) for 50 years are entitled to tax credit on all income obtained abroad, so they do not pay income tax, capital gains tax, share transfer tax, stock exchange tax or tax on incomes and donations. There is no obligation to prepare annual financial reports either. The obligation is imposed solely on the companies conducting licenced activity.
Accounting is obligatory on a basic level, but it is not subject to audit.
Antigua and Barbuda’s economic policy is within the competence of the Ministry of Foreign Affairs, while Antigua and Barbuda Investment Authority takes care of promoting both international and domestic investments.
The key sector of the economy is services, next there is industry and construction. Foreign investment and the financial sector have the biggest impact on the economy. The country is commonly regarded as one of the biggest financial centres in the Caribbean, mainly due to offshore services.
Antigua and Barbuda is a member of CARIBCAN and a signee to the Lomé Convention which facilitate trade exchange with USA, EU and Canada.
Antigua and Barbuda is a constitutional monarchy with Westminster system of government. The official head of state is British Queen Elisabeth II represented by the Governor-General.
The legal system of the country was regulated by the constitution of 1981 introduced after gaining independence from the United Kingdom. In Antigua and Barbuda there is a common law system, taken from the British law.
The legislative power is exercised by the parliament consisting of two chambers – House of Representatives, chosen in general elections, and Senators elected by the Governor-General. Each chamber consists of 17 members. The Prime Minister and Government members come from House of Representatives. In the Parliament, there is also a guaranteed seat for a representative of the biggest opposition party.
The executive power is exercised by the government chaired by the Prime Minister who dismisses and appoints ministers. Antigua and Barbuda has a stable, independent judiciary as well. It was incorporated into the Organisation of Eastern Caribbean States judiciary system. There are magistrates' courts, Industrial Court and High Court. You may appeal against their decisions to the Eastern Caribbean Supreme Court, while the highest court of appeal is Judicial Committee of the Privy Council.
The banking sector is a very significant element of the economy of Antigua and Barbuda, where the biggest global banks, such as Bank of America (Bank of Antigua), Barclays, The Royal Bank of Canada (RBC) and Scotia Bank, have their seats. Besides international banks, there are also local and offshore banks.
Assets deposited in accounts are safe. Majority of banks offer multi-currency accounts with access to English-language online banking.
All companies are equal before the law.
A good formation agent is what makes a difference.
ShelfCompanies24.com is one of the leading providers of ready made companies and special purpose vehicles (SPVs) as well as other investment structures delivering outstanding service at very reasonable prices and at highest speed. We have setup and sold hundreds of companies. Our company is considered trustworthy and reliable by our clients as well as by many professional law firms and tax advisers.
What is very unique in our style of operation is the fact that we have our ready made companies already registered in many various countries. All other providers have one address where they keep their shelf companies registered so that client wishing to buy more than one company with different address cannot be satisfied.
Many competitors may be offering lower prices however this always is at the expense of service and provided company quality. Our core activity is company formation and sale of ready made companies thus all members of our team have appropriate professional background. Our shelf companies are formed in accordance to all relevant laws and procedures by the team of qualified and experience professionals and lawyers. On the other hand the maintenance of our ready made companies is performed by licensed and proficient accountants and tax advisers. Therefore our clients can be sure that a shelf company they buy from us is clean, with no debts or tax issues, is formed professionally and its Articles of Association are of high quality.
Our main clients are private investors, traders, law, audit, accountancy and tax advisory firms as well as banks and investment funds. Throughout the years of activity Shelfcompanies24 has been enjoying the reputation of the fastest and most responsive shelf company provider.
Our ready made companies have been formed and maintained by our team. Therefore we always guarantee their quality and that they are debt free, with no trading history and consequently riskless to build new ventures on.
Our services do not finish on the sale of shelf companies or company formation. We provide also many other related and necessary services so that we can be treated as a one stop shop in a business setup in many countries. We are also experts in tailor made company formation as well as compliance and registering various changes within the company like director appointments and dismissals, company name change, share capital increase or decrease, company address change and many other issues.
We also provide tax and legal advisory services that are inevitably required by the businesses. We cooperate with many reputable tax and legal advisory firms whose services we can also recommend when the nature of the problem requires certain field specialist engagement.
For those clients who have a need to present their companies documents in foreign countries we provide apostille and translation services. After company sale documents can simply stay with us for the purpose of their apostille or legalisation and sworn translation to any desired language. This service is mainly required when there is a need to open a foreign bank account for a shelf company.
Furthermore we have agreements with many different accounting offices so that we are able to offer a wide choice of the particular accountant that will be dealing with client’s company. Also in case two or more of our clients are trading partners we can ensure that their books will be handled by separate and independent accountants.
Ultimately we can also support with a procedure of liquidation/bankruptcy of a company if a client wishes to withdraw their business presence. In this case we can either manage the process of liquidation or bankruptcy on client’s behalf or simply just dispose the assets and takeover the company so that the clients can enjoy fast exit.
The company delivered a ready-to-go business, with VAT and EU VAT registration. Paperwork and the whole re-registration process was handled efficiently. I recommend this to anyone looking for a no-hassle company acquisition.
Company name of your choice? Check. Accounting services? Check. Help with tax authorities? Check. Finding a translator? Check. What can I say, these people are great and can help you with just anything.
We needed to start building our presence in Poland fast, and a ready-made company seemed like the best option. We got presented with several location choices, picked the company name, signed some paperwork and were good to go. We got a company that was VAT-registered, with multiple bank accounts, just as we wanted.
Thank you for all the help. Your after-sale support is what sets you apart from the competition. It was important for me to get comprehensive company services at one place, with accounting, banking, tax issues handled for me, etc. I got everything I needed.
I really recommend this website if you are looking for a shelf company in Poland. The companies are already registered, with no history and all documentation in place. This is really a great solution if you want to start your business ASAP. And the range of available post-sale services is just amazing.
Thank you for your support! Your advice was invaluable. Polish tax and legal provisions can really be a pain in the neck, but with your help I am able to get going.
Not only did we need a new company, but also someone to take care of our accounting and compliance. Now, we must say ShelfCompanies24 helped us to transition smoothly into the Polish market. Good work, guys!
The company indeed delivers what it promises. I was able to start business in less than no time, with all the formalities taken care of by a super nice team of people. This is a good stop if you want a ready-made company operating in Poland.
Iwona is a graduate of European Studias at Cardinal Stefan Wyszyński University in Warsaw. At ShelfCompanies24.com Iwona takes care of Customer Service concernig company formation and bank accounts opening assistance.
Adrianna has completed a master degree in law at European School of Law and Administration. At ShelfCompanies24.com Arianna is responsible of customer service, logistics as well as relationships with the banks.