Top 10 Reasons to Invest
1. Political Stability
Antigua & Barbuda is a small, stable country both politically and socially, with a strong democratic system of government based on the Westminster (UK) system.
2. Safety and Security
Antigua & Barbuda is one of the most secure and safe countries in the Caribbean and compares very well worldwide for low crime rates and the rule of law. The country has little or no exposure to large-scale security concerns, such as terrorism, cybercrime, and money laundering.
3. Well Educated Population
Antigua & Barbuda is one of the more prosperous states in the Eastern Caribbean with Tourism, Business Service Outsourcing and the Financial Services as the largest sectors of the economy. The literacy rate is over 95% reflecting a consistent focus on investment in education.
4. Skilled Population
Antigua & Barbuda has developed significant human resource skills in tourism, information technology-enabled services, financial services and construction. A network of colleges, as well as accreditation and certification bodies, ensures that skills quality meets world standards. Further, government policy is aimed at ensuring that the skills being produced match competitive business requirements.
5. Robust ICT Infrastructure
Antigua & Barbuda places a high priority on ICT as an important enabler for national development. As a consequence, the country has experienced rapid growth in its ICT sector, driven by major public and private sector investment. Antigua & Barbuda now has a modern telecommunications infrastructure. This has facilitated fast growth in broadband internet and data and voice services that are so vital for modern information-intensive businesses.
6. Business-friendly Currency and Foreign Exchange Environment
Antigua & Barbuda is a member of the Organization of Eastern Caribbean States (OECS) within a common central bank and currency area. The currency is the Eastern Caribbean Dollar that is pegged to the US Dollar at the rate of EC$2.70 to US$1. The country has no foreign exchange controls or restrictions on capital repatriation.
7. Generous Financial Incentives
Antigua & Barbuda’s corporate income tax rate is 25% and exemption from payment or reduction in the rate is allowed depending on the level of capital investment and number of jobs to be created in new investment proposals. Further, exemption from or reduction in the rate of import duty on raw materials, components and machinery and equipment can also be granted. A new Citizenship by Investment Programme is available in return for specified levels of investment in the country.
8. Welcoming People
The people of Antigua & Barbuda are noted for their friendly and welcoming nature, particularly towards visitors, whether tourists or investors. There is wide acceptance of the importance of attracting foreign investment into the country.
9. Strong Investor Protection
Antigua & Barbuda has a Common Law system based on the UK model. The legal code guarantees investor protection, facilitating an attractive investment environment. In the Latin American Caribbean Region, Antigua & Barbuda is ranked highly for enforcing contracts and protecting investors.
10. ‘One-Stop-Shop’ Approach to Investors
ABIA provides a ‘One-Stop-Shop’ approach for investors to guide them through the procedures and approvals necessary for the successful establishment of their businesses in Antigua & Barbuda.