Antigua and Barbuda Company Formation

International Business Corporation Act 1982 (IBCA)

1. Under the Antigua and Barbuda International Business Corporation Act 1982 (IBCA), 
    individuals of other nationality than Antiguan and Barbudan and companies registered
    outside Antigua and Barbuda may incorporate an International Business Corporation (IBC). 

Application (form) for formation of International Business Corporation. (Download)

2. The IBCA follows in many aspects the legal ideas of English Law on companies with limited
    liability, provided that an IBC may do business only outside Antigua and Barbuda. Many IBCs
    own or act as bareboat charterer of ships registered under the flag of Antigua and Barbuda. Many
    others serve for general business purposes not related to shipping.   

3. IBCs are usually incorporated through Antiguan and Barbudan law firms which also act as
    the IBC’s local registered agent. IBCs have an authorised capital of USD 10.000,00. They may issue
    registered shares and/or bearer shares. They usually have one or more directors of which none
    needs to be of Antiguan and Barbudan nationality or to be domiciled in Antigua and Barbuda.
    However it has proved practical to have one of the directors be a local registered agent, acting in
    the incorporation of the IBC.   

4. IBCs are exempted from Antiguan and Barbudan taxes for a period of fifty years and it should
    also be noted that Antigua and Barbuda does not place any restrictions on the exchange of currency.

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