Antigua is a Caribbean country well-known for its tourism and offshore financial activities. The country has a good level of living, a well-educated workforce, and a long life expectancy on average.
Antigua is also an offshore financial centre, with a favourable legislative and tax environment for the formation of International activity Companies, which are totally tax exempt if no activity is conducted within the country. Antigua also has an Economic Citizenship Programme, through which a second passport can be obtained by an investment.
Antigua is an island in the Lesser Antilles, in the eastern Caribbean Sea, at the southern end of the Leeward Islands series. It is made up of three islands: Antigua, Barbuda, and Redonda (which is uninhabited) and covers 442.6 km2.
According to Worldometer’s elaboration of the most recent United Nations data, the current population of Antigua and Barbuda is 100,234 as of Tuesday, May 9, 2023. According to UN data, the 2020 population of Antigua and Barbuda is predicted to be 97,929 people at the midpoint of the year.
Antiqua’s official language is English. Roughly 10,000 people speak Spanish.
In Antigua, the legal system is based on English common law, as the country was formerly a British colony.
Here are some of the potential benefits of an Antigua crypto licence:
Obtaining a crypto licence in Antigua might provide regulatory clarity and legitimacy for bitcoin firms. It displays conformity with applicable laws and regulations, which can increase users’ and potential investors’ trust and credibility.
Antigua and Barbuda is an international offshore financial centre, and having a cryptocurrency licence in the country may allow enterprises to access global markets and serve worldwide clientele. It may make cross-border commerce and partnerships easier.
Antigua and Barbuda has long been regarded as a business-friendly nation, particularly in the offshore financial services industry. The country has enacted legislation and programmes targeted at attracting foreign investment and encouraging innovation, perhaps creating a favourable atmosphere for crypto-related firms.
Certain industries, especially offshore financial services, have received tax breaks and perks from Antigua and Barbuda. Crypto-related enterprises licenced in Antigua may be eligible for tax breaks, but specifics must be validated with the appropriate authorities.
Antigua and Barbuda has declared a desire to embrace blockchain technology and investigate its possible applications. The government has expressed a desire to encourage blockchain and cryptocurrency activities, which might include providing assistance, infrastructure, or resources to licenced cryptocurrency enterprises.
License: | Digital Asset Business License |
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Timeframe for Approval: | 3 months |
Regulator: | The International Organization of Securities Commissions (IOSCO) |
Local Director: | At least one director is required (may be a natural person or a legal entity and may be non-resident) |
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Local Shareholder: | Minimum of 1 shareholder, who can be an individual or a corporation and may be non-resident |
Local Registered Office: | Required |
Local Staff: | Required |
Compliance Officer: | Required |
AML/KYC: | Required |
Audit: | Required |
Economic Substance: | Required |
Corporate Tax Rate: | 0% |
Currency: | The local currency is the Eastern Caribbean Dollar (XCD) but the US Dollar (USD) is accepted over the counter. |
Minimum Paid-up Capital: | There is no established minimum capital requirement. The authorized share capital is usually US$50,000. |
Capital Requirement: | US$100,000 |
Gov. App Fee: | US$16,800 |
The following are the steps in the crypto business registration process:
(including but not limited to directors, shareholders and beneficial owners)