INTERNATIONAL BUSINESS CORPORATIONS
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The International Business Corporations (IBC) Act of 1982 defines the legal parameters for conducting business as an offshore company. Any company wishing to conduct offshore business in Antigua and Barbuda must first be incorporated under the IBC Act. The incorporation of the company must be undertaken by any two (2) citizens of the State. One of signatories must be a practicing Attorney, the other, a resident on the island.
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Some key features of the Act provide for:
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| - Single shareholder/subscriber |
| - Single Director (except in cases of banks, insurance or trust companies) |
| - Shares to be held by Corporations or Trusts |
| - Non-disclosure of beneficial owners (except in cases of banks, insurance, or trust companies) |
| - Bearer shares |
| - Low fees for set-up and renewal |
| - No filing of accounting or auditing records |
| - No minimum capital requirements |
| - Maintenance of a local Registered Office and Registered Agent in Antigua |
| - Exemption from tax for fifty (50) years |
| - No tax treaty with countries other than with the United Kingdom |
| - No exchange-of-information agreement with any country |
Incorporation of an IBC entails the preparation, signing and submission of the Articles of Incorporation and relevant certificates to the Director of International Business Corporations. |
Articles of Incorporation generally include the items listed below:
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| - The name of the corporation |
| - The location of the Registered Office |
| - Classes and number of authorized corporate shares |
| - Restrictions on share transfers (if any) |
| - Number of directors |
| - Restrictions on business the corporation is authorized to conduct |
| - Other divisions (if any) |
| - Incorporators |
Ameera can also arrange for an IBC's to be created in many recommended jurisdiction such as BVI. But the company can be administered from Antigua providing and extra layer of protection and confidentiality. |
