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.