Antigua and Barbuda: how to open an offshore

Antigua and Barbuda is famous for its online gambling and the opportunity to obtain a second citizenship by investment. It is thanks to the second point that this is a favorable jurisdiction for offshore companies. Let's take a closer look at what benefits you will get by opening a company in the Caribbean.

Offshore Antigua and Barbuda: distinctive features

The most popular form of company that registers is the IBC. This is not surprising, because this form of enterprise requires only one director and founder, but does not require payment of the authorized capital. But here you will need to create a legal address. Companies of this type are most often registered to manage various courts.

While Antigua and Barbuda offshore receives regular criticism from other offshore countries, there is no money laundering, terrorist attacks or other terrible things behind it. In addition, the state does not declare its benefits - clients themselves come for the sake of profit and protection. The best part is that the state was even able to win back the online casino license from the United States. 

Getting a license, by the way, is not difficult, and the country has a good reputation. It is also easy for a non-resident to open a bank, but in this case, you need to obtain a license. But on the condition that you hired at least one local employee with banking experience and rented an office, registering a legal address. Reporting must be submitted to the reporting authorities once a year.

What you should know about offshore in Antigua and Barbuda

The decision to offshore in Antigua and Barbuda can bring many benefits:

  • Any registered company is exempt from taxes for 50 years. If you do not want to pay taxes at all, you can open a new company and transfer assets there, permanently avoiding taxation.
  • Although trusts have not yet gained popularity in the state, their mechanism is well established. To identify a trust, the bearers must have a court order, which is extremely difficult to obtain.
  • Anyone can open a bank in the country even remotely by proxy, although you will have to get used to the peculiarities of this sector. The amount of deposits can start from 10 thousand dollars.

The main advantage is the high confidentiality of information, access to which the local regulator can only get by court order. So you don't have to worry about the safety of your data.

Why is it profitable to open offshore Antigua and Barbuda

In addition to the above advantages of opening an offshore in the Caribbean, there are several more significant advantages:

  • Antigua and Barbuda is a resort state, which means it is always warm in it, the sea is nearby and delicious food is available.
  • Fiscal policy attracts tourists from all over the world, increasing the profitability of local businesses, so you might want to consider starting a tourism company.
  • For investment, you can easily get the citizenship of the country. At the same time, you choose the format of the investment yourself: opening a special fund, purchasing a home or starting a business in the amount of $ 1.5 million.
  • The Antigua and Barbuda passport allows entry to 133 countries of the world. 

Investments open the way to residency. But for this you will need to pay an annual fee of 20 thousand dollars.

How to buy an offshore company in Antigua and Barbuda

Antigua and Barbuda is an excellent choice for those who plan to practice

online gambling, restoration of yachts and any other vehicles or wants to open a trust. In addition, on the territory of the state, you should not worry about your safety and, if desired, you can obtain a second citizenship. Therefore, you will only benefit if you decide to buy offshore Antigua and Barbuda, but to do everything right, it is better to seek the services of an experienced specialist in this field. His help will provide:

  • A full range of legal services, including company registration, business support and opening a bank account.
  • The best jurisdiction and type of offshore company will be selected for you, based on your wishes.
  • An individual approach to each client allows us to solve the most non-standard tasks.

Our specialists carry out the registration of a company as quickly as possible, saving you from having to delve into the process yourself. Thus, you will get the desired result in accordance with all the norms of the current legislation of the country, but save time, nerves and effort, which you can direct to more enjoyable activities. Entrust the matter to professionals and be sure of the result!

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Maksym Stepanenko

Maksym Stepanenko

Managing Partner, Crystal Tax

International client projects since 2012: company structures, tax, immigration, DUNS and NCAGE. 50+ jurisdictions.

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