Off-shore Companies: Antigua

IBC Formation:

 

Antigua has a long trajectory inside the offshore business world, because of their strong legal structure based on the British Common Law, which brings calm and tranquility at the time of doing business there.

The name of the company can be created under any name  in any language given by you, but you have to make sure that the provided name does not contain any disrespectful or insulting language, and it should be unique because if its similar to another company name it would be rejected.

The last part of the chosen name for the company as always end with a legal suffix such as: Corporation, IBC, S.A., Societe Anonyme, Ltd, Sociedad Anonima, Incorporated and others.

It is prohibited to use any names denoting any connection to local, state or national governments such as Bank, Insurance, Assurance, Re-Insurance, Trust, Trustee, Savings, Royal, Asset Management, Fund Management, Investment Fund, Municipal, Chartered.

Legislation

In Antigua you can create or open any type of IBC, but they have to be under they’re legal parameters which are previously established. Its transparent economy makes Antigua a very popular place at the time of doing commercial transactions and activities.
All the commercial activities to create an IBC are under the legal framework of the International Business Company laws Act of 1982, modified in 1984 and 1985, established for non-residents.

IBC Structure

 Only one director or shareholder required for the company formation.
  Shareholder(s) and director(s) may be the same person.
  The shareholder(s) and director(s) can be a natural person.
  There is no requirement of resident secretary.

Directors

All of the IBCs in Antigua can have one or more person or corporate directors and they can be of any nationality. Without the needs of any statutory meetings to be held you can have them all or do business activities not being in the country at distance.
 
Taxation

In Antigua they offer investors the benefit of a zero (0) tax exception like all the offshore jurisdictions for foreigners around any commercial activity or commercial transactions made outside the country.

Privacy

In Antigua it is not necessary to register the names of the shareholders or the directors in the public records.

Records/Books

By law an Antigua IBC should keep accounting records that are able to explain all the transactions of the company and will be enable to show the position of the company with reasonable accuracy.

The books and records will not be show in the public records it should be kept at the registered office of the company.