Antigua and Barbuda

Antigua and Barbuda, a twin-island nation in the Caribbean, embodies the essence of both serenity and prosperity. With its rich history, clear turquoise waters, and an emerging business environment, the nation is strategically poised as an ideal destination for international investors and tourists. Its diverse and well-educated population, bolstered by a robust economy and stable governance, continues to invite admiration and intrigue from global spectators. The islands offer a harmonious blend of pristine beaches and modern infrastructure, exuding a promise of growth and leisure in equal measure.

Antigua and Barbuda: Discover the Caribbean’s Best-Kept Secret

Antigua and Barbuda, often referred to as the “Land of 365 Beaches”, isn’t just a tropical paradise. Beyond its sandy shores and clear waters, it’s a land of opportunity for those seeking a fresh start, be it for work, business ventures, or even retirement. With its dynamic economy and burgeoning sectors in tourism, real estate, and offshore banking, the twin-island nation offers expatriates an array of employment and entrepreneurial possibilities. Its laid-back Caribbean lifestyle combined with modern amenities ensures a comfortable transition for those relocating. Furthermore, with its strategic geographic location, this English-speaking nation provides a gateway to both North and South American markets, adding immense value for potential investors and business professionals.

Living in Antigua and Barbuda

Cost of living

Living in Antigua and Barbuda can be quite affordable, especially when compared to other Caribbean islands. While St. John’s, being the capital city, can be relatively pricier in terms of real estate and dining, the outskirts offer a cost-effective lifestyle. Local produce and goods are reasonably priced, while imported items might carry a higher tag. Efficient public transport further curtails living costs. Moreover, the property market, especially away from the main city, can offer attractive rates for both renting and buying.

Quality of education

The nation boasts a literacy rate of over 90%, a testament to its commitment to education. Primary and secondary education is mandatory and free. Institutions like the University of the West Indies offer higher education options, ensuring that students receive a quality education without venturing abroad. Additionally, the American University of Antigua has gained acclaim for its medical program, attracting international students and fostering a diverse educational environment.

Health care and insurance

Antigua and Barbuda’s health care system is comprehensive, catering to both residents and tourists. The Mount St. John’s Medical Centre in St. John’s is the primary hospital, equipped with state-of-the-art facilities. Various insurance schemes, including for non-citizens, ensure that medical care is accessible and affordable. Several international insurance options are also available for expatriates.

Climate

The islands experience a tropical maritime climate. Warm and sunny days dominate the year, with occasional rainfall, mainly between September and November. The pleasant climate is perfect for outdoor activities and enjoying the beaches.

Fun and entertainment

Antigua and Barbuda are a haven for fun-seekers. The islands offer a rich tapestry of events, from cricket matches to music festivals. The nightlife in St. John’s is vibrant, with several bars, clubs, and restaurants. Water sports enthusiasts can indulge in snorkeling, diving, and sailing.

Best places to live in Antigua and Barbuda

St. John’s (Capital City)

As the bustling capital and the largest city of Antigua and Barbuda, St. John’s serves as the administrative, economic, and cultural hub. The city is renowned for its historical architecture, vibrant markets, and the stunning St. John’s Cathedral. Its harbor, embraced by lush hills and colorful buildings, has long been a haven for yacht enthusiasts. The mix of locals and expatriates in St. John’s offers a rich tapestry of experiences, making it a prime choice for those seeking both convenience and Caribbean charm.

English Harbour

A historic jewel, English Harbour is renowned for its beautifully restored naval buildings and its world-famous annual regatta. This area is a magnet for sailors, history buffs, and those looking for a slightly more relaxed pace than the capital. With its array of waterfront restaurants, bars, and the nearby Pigeon Point beach, English Harbour offers a mix of history, natural beauty, and modern amenities.

Dickenson Bay

Located on the northwestern coast, Dickenson Bay is one of the island’s premier beach destinations. With its pristine white sands, calm azure waters, and a plethora of beachside bars, resorts, and water sports facilities, it is perfect for those who want beachfront living with all amenities at hand.

Falmouth

Adjacent to English Harbour, Falmouth is another historic settlement with a significant yachting presence. Its marinas are often filled with luxury yachts, especially during the sailing season. Beyond the boats, Falmouth has an eclectic mix of local shops, restaurants, and bars and maintains a slightly more laid-back vibe than its neighbor, making it appealing to those seeking tranquility without being too far from the action.

Jolly Harbour

A planned community situated on the west coast, Jolly Harbour offers a blend of local residences and expat communities. With its own golf course, marina, supermarket, and a range of restaurants and bars, this area provides a self-contained living experience with a mix of Caribbean flair and modern comforts. The nearby Jolly Beach is also a major draw, with its wide expanse of soft sand and crystal-clear waters.

Is Antigua and Barbuda safe?

Moving to Antigua and Barbuda

How to move to Antigua and Barbuda as an expat

VISA

To move to Antigua and Barbuda, various visa categories are available, catering to tourists, business professionals, and students. The duration and requirements vary based on the visa type. It’s essential to consult the official immigration website or embassy for detailed information.

Residency By Investment

Antigua and Barbuda offers a Residency By Investment program, attracting individuals looking for a stable and scenic environment to settle. By making specific investments, individuals can obtain residency rights, subject to meeting certain conditions.

Real estate

The real estate market in Antigua and Barbuda is on an upward trajectory, driven by foreign investments and the country’s rising popularity as a retirement destination. Prices in St. John’s are comparatively higher, with an apartment in the city center averaging around $2,500 per square meter. Rural areas offer more competitive rates, with villas available at attractive prices. Factors like the Citizenship By Investment program further boost the property market, making it a lucrative sector for both local and international investors.

Why should I move to Antigua and Barbuda?

Antigua and Barbuda, renowned for its breathtaking beaches and serene landscapes, offers a unique blend of Caribbean charm and modern infrastructure. Not only is it a paradise for beach enthusiasts and nature lovers, but it also offers an inviting business environment, strategic geographical location, and a high quality of life. A move to this twin-island nation promises a harmonious work-life balance, set against the backdrop of some of the Caribbean’s most picturesque vistas.

Doing business in Antigua and Barbuda

Economy

The economy of Antigua and Barbuda is largely service-oriented, with tourism being its primary driver. This sector contributes approximately 60% of the GDP and employs a significant portion of the population. Apart from tourism, the nation is also making strides in the fields of offshore banking, financial services, and real estate. The government’s proactive initiatives and incentives for investors have fostered a conducive environment for businesses, marking Antigua and Barbuda as a potential hub for regional trade and commerce.

Tax in Antigua and Barbuda

The taxation system in Antigua and Barbuda is designed to be investment-friendly. Personal income tax rates are progressive, with a maximum rate of 25% for individuals, based on their income slabs. The Value Added Tax (VAT) is set at 15%. For businesses, the country offers various incentives, including exemptions from import duties, tax holidays, and concessions on property taxes. Such incentives, especially for investors in sectors like tourism and real estate, make Antigua and Barbuda an attractive proposition for business ventures.

Startups

The startup ecosystem in Antigua and Barbuda is budding, albeit at a modest pace. The government, recognizing the potential of startups in diversifying the economy, has begun offering support through initiatives and programs designed to foster innovation. There are efforts to establish incubation centers and provide training to budding entrepreneurs. Moreover, the connectivity of Antigua and Barbuda to major markets presents a strategic advantage for startups aiming for regional growth.

Company formation in Antigua and Barbuda

Antigua and Barbuda offer straightforward procedures for company incorporation. The country’s pro-business stance is evident in its efficient registration process and the subsequent support services provided to new businesses. An expatriate looking to set up a business here can choose from various company structures, including Limited Liability Companies (LLCs), International Business Corporations (IBCs), and partnerships. The favorable tax regime, coupled with the potential for growth in sectors like tourism, real estate, and financial services, makes Antigua and Barbuda an enticing destination for business.