Construct Antigua Barbuda Initiative
The Antigua and Barbuda Investment Authority (ABIA) has announced the extension of the Construct Antigua Barbuda Initiative (CAB-I). The Cabinet of Antigua and Barbuda has agreed to expand the programme with benefits expiring on June 30, 2021.
The expanded programme which is open to citizens and residents of Antigua and Barbuda, provides benefits for residential construction to include new buildings (not exceeding $500,000.00), renovations and expansion projects. Additional information and application forms can be found on the Authority’s website https://investantiguabarbuda.org.
CAB-I, which first became operational in August 2011, is a domestic economic stimulus programme which incentivizes home ownership and property enhancements by way of a partnership between the Government and participating suppliers and service providers. Through the exemption of the Antigua and Barbuda Sales Tax (ABST) at the point of purchase and in-store discounts, CAB-I approved projects can benefit from savings of 15% – 20%. The programme, which has significant private sector support, also provides beneficiaries with access to reduced mortgage and insurance rates as well as discounted legal and services fees with participating institutions.
CAB-I has not only made homeownership and property improvements more affordable but has positively impacted employment in the construction sector over the years.
For further information on the Initiative, contact the Antigua and Barbuda Investment Authority at 481-1000/1/2 or firstname.lastname@example.org.
How does it work?
Under the Initiative, homeowners access the government approved incentive of zero Antigua & Barbuda Sales tax (ABST) on all building materials procured locally. As a part of the incentive package, other stakeholders (financial institutions, insurance firms, architects etc.) extend reduced service fees and charges to CAB-I approved clients.
Download the CAB-I Forms Here:
Homeowner Information Sheet & Registration Forms
- Homeowner Registration Form (Electronic Version)
- Homeowner Modification Request Form (Electronic Version)
- Estimate Template – Single Storey (Electronic Version)
- Estimate Template – Single Storey (Printable Version)
- Estimate Template – 2-Storey (Electronic Version)
- Estimate Template – 2-Storey (Printable Version)