Antigua and Barbuda

Ease of Doing Business in

Antigua and Barbuda

This page shows summary Doing Business 2012 data for Antigua and Barbuda. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Latin America & Caribbean
Income Category Upper middle income
Population 88,550
GNI Per Capita (US$) 10,610.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
57 51 down -6
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 80 72 up -8
Dealing with Construction Permits 21 19 up -2
Getting Electricity 16 15 up -1
Registering Property 124 123 up -1
Getting Credit 98 96 up -2
Protecting Investors 29 28 up -1
Paying Taxes 135 135 No change
Trading Across Borders 71 66 up -5
Enforcing Contracts 70 72 up 2
Resolving Insolvency 81 70 up -11

Economy Profile

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2012 Rank 80 DB 2011 Rank 72 Change in Rank down-8
Indicator Antigua and Barbuda Latin America & Caribbean OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
8 9 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
21 54 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
12.5 37.3 4.7

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
0.0 4.3 14.1
No. Procedure Time to Complete Associated Costs
1 Search and reserve company name 3 days XCD 25
2 Have a lawyer prepare the incorporation documents 1 day XCD 150
3 Register with the Intellectual Property and Commerce Office (receive the certificate of incorporation) 10 days XCD 3230
4 Make a company seal 5 days XCD 200
* 5 Apply for tax payer identification number (register the company for tax) 3 days (simulteneous with previous procedure) no charge
* 6 Register for VAT/ABST identification number 1 day (simultaneous with previous procedure) no charge
7 Register for medical benefit 1 day no charge
8 Register for social security and education levy 1 day no charge
* Takes place simultaneously with another procedure.

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