| International Business Corporations
In Antigua
IBC's in Antigua can be summarized by the following:
Corporations Are Not Subjected To Any Taxes:
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No income/capital gains tax
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No withholding taxes
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No stamp/capital duty
Strict Confidentiality:
Corporations are not required to file their
accounts. For Antiguan Government purposes, a quarterly report is to be
filed to the relevant department.
No public share register is required:
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There are no shareholder disclosure requirements
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No beneficial ownership disclosure
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Various classes of share capital with different rights
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Bearer shares allowed
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No-par value shares allowed
Share capital can be ex-pressed in any currency:
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There is no minimum capital requirement
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There are no requirements to maintain paid-up capital
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The corporation may easily increase or reduce its authorized
capital
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No income related taxes are payable, nor is there any
tax withholding requirement
There are no currency restrictions. The corporation
can work in any currency denomination, funds being freely transferable
internationally.
A minimum of ONE director and ONE shareholder is
required:
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No local director nor shareholder is required for Antiguan
companies
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The sole director can be an incorporated Trust entity
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Meetings of directors and shareholders may be held in
any part of the world
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The books of the corporation may be kept in any part
of the world
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Registration is normally completed within 48 hours
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