Taxation and Investment in Antigua and Barbuda

Taxation and Investment in Antigua and Barbuda


Antigua and Barbuda’s economy has been continuously developing over the last years, especially in the Tourism industry due to the tax reforms and benefits that directly boosts the foreign direct investment in this industry, such as the exemption from the payment of customs duties, the exemption from income tax, the reduction of stamp duty on land transfers and non-citizen licenses, and the exemption from the withholding taxes. 

By Investing in Antigua and Barbuda you can avoid double taxation in countries that Antigua and Barbuda has taxation treaties with, such as the Caribbean countries and the United Kingdom, the foreign tax credit is available to persons in Antigua and Barbuda who have paid or are liable to pay British Commonwealth income tax.

Also the government of Antigua and Barbuda is currently encouraging company owners to relocate the headquarters of their businesses into the country through the tax incentives which the country provides, such as the abolishment of the personal income tax in 2016, and the exemption of income tax on worldwide income or assets by only holding the citizenship of Antigua and Barbuda without being a tax resident in the country, also only the income derived from inside Antigua and Barbuda will be subject to taxation rates of the country. 

Antigua is considered one of the top tax havens in the world, as there is no capital gains tax on worldwide income, attractive tax holidays on qualifying companies’ profits for up to 20 years with waivers and exemptions on custom duties for these companies, and no inheritance or wealth taxes, which makes the country a very reliable attractive investment and retirement destination for high net worth individuals and their families around the world. 

Companies and business may apply to the Antigua and Barbuda Investment Authority to be able to obtain other incentives and exemptions depending on the company’s category such as tax holidays and other tax credits.