The Process of Company Incorporate in Antigua Explained from First to Last

Company Incorporate in AntiguaWelcome to our guide on company incorporate in Antigua. With a favourable tax environment, economic stability, strategic location, thriving tourism industry, and skilled workforce, the Caribbean country offers a competitive advantage to entrepreneurs looking to set up their business abroad.

 

Who Can Legally Start a Business in Antigua?

Citizens of Antigua and Barbuda and foreign entrepreneurs can initiate business ventures in the country. Antigua welcomes and encourages local and international individuals to contribute to its vibrant business environment.

Entrepreneurs do need to meet certain criteria:

Age

The applicant should be at least 18 years old. There’s no maximum age limit.

Criminal Records

Foreign entrepreneurs must typically provide a clean police clearance certificate or a criminal records check from their home country.

Minimum Investment

While no fixed minimum investment amount is specified by law, demonstrating sufficient financial resources to support the business is essential. The investment amount should align with the proposed business activities and operational needs.

 

What Visa Do Foreigners Need?

The most common visa option for entrepreneurs is the Antigua Business Visa, which allows you to establish and operate your own business in Antigua. It is typically valid for one year. To obtain the visa, applicants need to submit the required documentation, including a completed application form, business plan, financial statements, proof of investment, police clearance certificate, and a valid passport.

 

What are the Types of Companies in Antigua?

There are several kinds of companies in Antigua, including:

Sole Proprietorship

A sole proprietorship is a business owned and managed by one individual. It requires no minimum investment, and the owner has full control over decision-making. However, they bear unlimited personal liability for the business’s debts and obligations.

Partnership

A partnership is formed by two or more individuals or entities who share resources and responsibilities. There is no minimum investment requirement. However, partners have joint and several liabilities based on the amount they invest.

Limited Liability Company (LLC)

An LLC is a separate legal entity offering limited liability protection to its owners. There is no specific minimum investment, and an LLC in Antigua can have multiple shareholders and directors. A registered address is necessary, and ongoing compliance requirements must be met.

International Business Corporation (IBC)

An IBC is designed for conducting business outside Antigua. It offers tax advantages and asset protection but is restricted from operating within the country. No minimum investment requirement exists, and the number of shareholders and directors can vary. A registered address outside Antigua is typically required.

Public Limited Company (PLC)

A PLC allows shares to be offered to the public, raising capital through public offerings. There must be at least two shareholders and directors. Ongoing compliance requirements and greater regulatory scrutiny apply. A registered address is necessary for official communications.

 

What’s the Process of Registering a Company in Antigua?

Here are the steps involved for company incorporate in Antigua:

Memorandum and Articles of Association

First, you need to create a legal document that outlines your company’s purpose, structure, and internal regulations.

Article/Certificate of Incorporation

Submit the necessary forms and documents to the Companies Registry, and upon approval, receive the Article/Certificate of Incorporation confirming the legal existence of your company.

Appointment of Company Director(s)

Designate individuals who will oversee and manage the affairs of your company.

Acceptance Letter from the Director

Obtain a written acceptance from the appointed director(s) confirming their willingness to act in the role.

Name Reservation Request

Make a formal request to reserve your chosen company name for a specified period during incorporation.

First Board Resolution

Pass an initial resolution by the board of directors addressing key decisions and actions taken during the incorporation process.

Register of Members and Directors

Maintain a record containing the details of your company’s shareholders and directors, including their names, addresses, and shareholdings.

Share Certificate(s)

Issue official documents to shareholders, confirming their ownership and shareholding in the company.

Legal Address and Registered Agent Details

Provide the physical address of your company’s registered office in Antigua, along with the contact details of the registered agent responsible for receiving legal notices and communications on behalf of the company.

 

What Documents Do You Need?

Here is the revised list of the required documents for company incorporate in Antigua:

  • Certificate of Incorporation (for foreign branch)
  • Share Certificate – Bearer
  • Articles of Incorporation and By-laws
  • Name Reservation Request
  • Notice of Directors
  • Notice of Registered Office
  • Application for International Business Charter
  • Apostille of the bound set of copies of constitutive documents

 

How Can 3E Accounting Help?

3E Accounting can provide valuable assistance throughout the company incorporation process in Antigua. With our expertise, we offer comprehensive support, including document preparation, guidance on legal requirements, and liaising with authorities. Our professional services ensure compliance, save time, and simplify the process, allowing clients to focus on their core business activities and navigate the complexities of starting a company in Antigua with confidence.

Company Incorporate in Antigua