If you want to incorporate in Antigua & Barbuda, reading this will help you becoming knowlegeable on the specific tax laws and rates for an IBC which is the most common company structure in Antigua and Barbuda.
International Business Companies in Antigua & Barbuda are entitled to do business internationally and may have restrictions to trade or own real estate within the territory. Income accrued offshore by an IBC, from our research, and this is not personal tax advice, are 50 year tax-exempted. This ranks Antigua and Barbuda as 1st overall with regards to corp. taxation rate internationally. IBCs are commonly used as holding companies, investment holding, for asset protection and international trading.
An IBC may have one or more shareholders and one or more directors. Corporate shareholders and directors are allowed. Shareholders and directors may not be disclosed publicly. There is no minimum capital requirement and shares may be issued as nominal or no par value. Bearer shares are allowed. IBCs may not be required to audit accounts and not required to file accounts, nor to file any kind of corporate reports.
The VAT rate in AG is 15%, which ranks Antigua & Barbuda as 81st overall with regards to VAT globally.
Dividends paid and received by an IBC are not taxable. Dividends are payments of earnings of the business, determined by the board, to a particular class of shareholders. Dividends can be issued as shares of stock, cash payments, or other property. Capital Gains are not taxable. A capital gains tax is levied on the profits that a corporation or natural person realizes when he or she sells sells a capital asset for a price that is higher than the purchase price.
There are no withholding taxes on payments on dividends, royalties, interests or any kind of fees to non-residents.
There is no known tax on wealth in Antigua & Barbuda. There are no inheritance taxes. There are real property and transfer taxes.
The above is not tax or legal advice for your company's situation. We are able to to refer you to a lawyer in Antigua & Barbuda who can advise you. Want to work together? Click incorporate now if you are in a hurry, or press the free consultation button above.
It takes approximately 23 hours to file and prepare documents for a Antigua and Barbuda Common law.
The corporate tax is approximately 0% which is 1 in the world.
Owners of a company in Antigua and Barbuda are not allowed to carry back a loss and may be allowed to carry forward a loss for 6 years.
The vat rate in Antigua and Barbuda is 15% which ranks 78 in the world.