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Ease of Doing Business in

Antigua and Barbuda

Antigua and Barbuda Download Profile (1729.7KB, pdf)
Region Latin America & Caribbean
Income Category High income
Population 91,818
GNI Per Capita (US$) 13,390
City covered St. John's

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 113 107 down
6
58.04 58.48 down
0.44
Starting a Business 124 116 down
8
81.66 81.65 up
0.01
Dealing with Construction Permits 107 105 down
2
67.41 67.40 up
0.01
Getting Electricity 35 31 down
4
83.49 83.48 up
0.01
Registering Property 150 115 down
35
47.51 55.75 down
8.24
Getting Credit 157 152 down
5
25.00 25.00
-
Protecting Minority Investors 87 85 down
2
53.33 53.33
-
Paying Taxes 160 159 down
1
53.03 53.03
-
Trading across Borders 110 121 up
11
65.76 62.01 up
3.75
Enforcing Contracts 35 34 down
1
68.11 68.11
-
Resolving Insolvency 124 125 up
1
35.12 35.00 up
0.12

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 124

DB 2016 Rank: 116

Change in Rank: down8

DB 2017 DTF (% points): 81.66

DB 2016 DTF (% points): 81.65

Change in DTF (% points): up0.01

Standardized Company
Legal form: Private Limited Liability Company
Paid-in minimum capital requirement: XCD 0
City: St. John's
Indicator Antigua and Barbuda Latin America & Caribbean OECD high income
Procedure – Men (number) info_outline 9.0 8.3 4.8
Time – Men (days) info_outline 22.0 31.6 8.3
Cost – Men (% of income per capita) info_outline 9.4 31.5 3.1
Procedure – Women (number) info_outline 9.0 8.3 4.8
Time – Women (days) info_outline 22.0 31.6 8.3
Cost – Women (% of income per capita) info_outline 9.4 31.5 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 2.3 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Search and reserve company name

    Agency: Intellectual Property & Commerce Office (IPCO)

    The company name search is performed manually by going through large registration books. Upon assurance that no other company goes by the proposed name, a form is submitted to reserve the name for three months.
    3 days EC 25
    2

    Retain a lawyer to prepare the incorporation documents

    Agency: Lawyer

    The minimal cost of EC 150 is charged by a lawyer or justice of the peace to prepare a declaration attesting that the company owner is not bankrupt, is mentally sound, and is over 18 years of age. This is the only document that requires an attorney’s intervention by law. However, the general practice is that an attorney will prepare all incorporation documents: notice of address, notice of directors, and articles of incorporation. In this case, the average attorney fee averages EC 3,000. All the necessary documents are forms from the Company Act and are completed by filling in blanks. The cost of this procedure is incorporated into Procedure 3, as typically the notary will file the prepared documents with IPCO on behalf of the company.
    1 day included in procedure 3
    3

    Register with the Intellectual Property and Commerce Office and receive the Certificate of Incorporation

    Agency: Intellectual Property & Commerce Office (IPCO)

    The registration fee with IPCO is EC 200, plus the statutory declaration (stamp fee) of EC 30. Attorney fees average around EC 3000 for preparing all the documents to be filed with IPCO.
    10 days EC 3230
    4

    Make a company seal

    Agency: Various Office Supply Businesses

    Company seals are not required by the Company Act but are in practice required for everyday company transactions. The cost will depend on the quality of the seal.
    5 days EC 200
    * 5

    Apply for a taxpayer identification number (register the company for taxes)

    Agency: Inland Revenue Department

    The taxpayer identification registration is done at the Inland Revenue Authority. Application for Registration is done after the company has been incorporated and there is a Certificate of Incorporation. The registration form is available on the Government website and can be printed but cannot be registered online.
    3 days (simultaneous with previous procedure) no charge
    * 6

    Register for VAT and obtain an ABST identification number

    Agency: Inland Revenue Department

    The company can register for VAT at the Inland Revenue Authority. The Registration Form is available on the Government website and can be printed but cannot be registered online. Registration is done only after the company has been incorporated and there is a Certificate of Incorporation.

    Pursuant to the Antigua & Barbuda Sales Tax Act 2006, the company must register for VAT if its revenues exceed EC 300,000 annually.
    1 day (simultaneous with previous procedure) no charge
    7

    Register for medical benefits

    Agency: Medical Benefit Scheme

    Both the employer's and the employee's monthly contribution to medical benefit are the same at 3.5% of the employee's basic monthly wage. There is no maximum contribution.
    1 day no charge
    8

    Register for social security

    Agency: Social Security Scheme

    The company registers with Social Security first and once a registration number is received this is taken to the Board of Education in order to register there.
    1 day no charge
    9

    Register for education levy

    Agency: Board of Education

    The education levy is only payable by the employee but the employer is required to deduct the education levy from the employee's wages and submit to the Inland Revenue Department on the prescribed form monthly. The employer's contribution to social security is 6% of the employees' basic monthly wage up to a maximum of EC 390 per month. The employee's contribution is 4% up to a maximum of EC 260.
    1 day no charge

    * Takes place simultaneously with previous procedure.