Antigua and Barbuda

QUICK FACTS

 

Location : Caribbean, islands between the Caribbean Sea and the North Atlantic Ocean, east-southeast of Puerto Rico

Capital : Saint John’s

Total Area : 442.6 sq km (Antigua 280 sq km; Barbuda 161 sq km)

Population : 93,581

Population distribution: the island of Antigua is home to approximately 97% of the population; nearly the entire population of Barbuda lives in Codrington

Languages : English (official), Antiguan creole

Religion : Protestant 68.3% (Anglican 17.6%, Seventh Day Adventist 12.4%, Pentecostal 12.2%, Moravian 8.3%, Methodist 5.6%, Wesleyan Holiness 4.5%, Church of God 4.1%, Baptist 3.6%), Roman Catholic 8.2%, other 12.2%, unspecified 5.5%, none 5.9%

Ethnic groups : black 87.3%, mixed 4.7%, hispanic 2.7%, white 1.6%, other 2.7%, unspecified 0.9%

Government type : parliamentary democracy (Parliament) under a constitutional monarchy; a Commonwealth realm

GDP – per capita : $24,100 (2016 est.)

Climate : tropical maritime; little seasonal temperature variation

Legal system : common law based on the English model

Unemployment rate : 11% (2014)

Visa free countries : 134 (2016)

Overview of the country – geographical Situation, accessibility

Antigua and Barbuda is located between the Atlantic Ocean and the Caribbean Sea. The country consists of 2 main islands and many small islands, world-famous for their countless immaculate beaches. The climate is hot and tropical, with pleasant and constant temperatures, throughout the year.  The country’s capital, Saint John’s, has an international airport. It is also the main harbor of Antigua as well as the economic center of the country.

Rates on individual tax residents

Antigua and Barbuda has no tax on the physical persons living in the country.

Furthermore, there is no wealth tax nor inheritance tax, which make it such an attractive country in term of tax system.

Physical and legal Security of the country

Antigua and Barbuda is a monarchy of the Commonwealth, with Queen Elizabeth II as its head of state, who is represented by a governor general. Prime Minister elected by the people attends to the executive power.

Having lived mainly on the production of the sugar in past years, Antigua and Barbuda now finance essentially its growth by the tourism and its welcome of offshore companies.

Most people of Antigua and Barbuda are Christians, principally Anglican. The tourism having a very important role in the economy of the country, its residents are particularly welcoming and friendly, with potential new entrants.

Programs of economic investments set up by the government of the country host, with new residents

Antigua & Barbuda
Map credit: http://www.freeworldmaps.net

Antigua and Barbuda proposes an economic program, giving the right to get a passport of the country, in compensation of an investment made in local infrastructure.

These high quality programs are many and varied.

Investors will be required to make a minimum investment of $200, 000 in the country’s National Development Fund to qualify for the program. Applicants also have the alternative of investing a minimum $400, 000 in real estate or inject an investment of at least USD 1.5m in a business registered in Antigua and Barbuda.

The purchased property may be re-sold after 5 years of ownership.

Quality of Life

With its 365 white sand beaches and its clear water all around, Antigua and Barbuda is particularly appreciated by a large number of celebrities, investors and wealthy families.

English is the main language of the country.

Countries for which visas are not necessary any more

The passport of Antigua and Barbuda is very attractive. It allows traveling, without visa, in not less than 134 countries, of which all countries of the European Union.