
Bearer Shares
There are no restrictions on the number and classes of shares and rights and
privileges which apply except in the case of insurance, trust or banking.
Bearer shares to preserve anonymity are allowable on ordinary companies
where the business of insurance, trust or banking is not being undertaken.
Madrid Protocol
Antigua has adopted
the Madrid Protocol which in time will
allow the registration of trademarks in Antigua by a tax free
company, the legal effect of which is the registration of the
chosen mark in 53 other countries in the world including the
United Kingdom while enjoying the tax concessions afforded
the Antigua and Barbuda International Business Corporation.
Modern & Flexible Management Rules.
Never leave your office and still manage your company and your portfolio.
Meetings may be held by telephone or by any means of communication provided
all persons participating can hear the other and at least one director is
present in Antigua who may be a nominee. Decisions can however be made by
resolution duly signed by all the members voting. Where there is only one
named Director that person or entity constitutes a meeting.
Opening of Bank Accounts
Antiguan corporations are widely accepted and accounts can be opened in
virtually any other jurisdiction with our companies as account holder.
Offshore Incorporations Ltd. can assist with account opening in Antigua upon
receipt of the requested information.
Regulations
The offshore industry is regulated by the Financial Services Regulatory
Authority which receives and processes applications. The office is staffed
by well qualified and knowledgeable personnel who are responsive to the
needs of the industry.
(International Business Corporations Act)
Tax Exemptions
Offshore companies in Antigua and Barbuda are exempt from payment of income
tax and capital gains tax on securities or assets of the corporation and
exempt from any other direct tax which may be levied on profits and gains of
international trade or business carried on within Antigua and Barbuda. All
transfers of securities or assets of a corporation formed under the
International Business Corporations Act are exempt from payment of taxes and
duties.
©2005 Richards & Company, All Rights Reserved