Antigua and Barbuda

Economic Overview

Antigua and Barbuda’s economy is primarily powered by tourism, which contributes over 60% of the nation’s GDP. The financial services sector also plays a crucial role, offering a robust framework for international investors. With a steady GDP growth rate of around 3% per year, the economy reached an estimated US$1.82 billion in 2024. The government’s commitment to enhancing infrastructure and promoting foreign investment has created a favorable environment for real estate development and economic diversification. As a result, Antigua has become a prime destination for those seeking real estate investment in a stable and growing market.

Tourism and Lifestyle

Tourism is the lifeblood of Antigua and Barbuda’s economy, attracting over one million visitors annually. The islands are famous for their 365 beaches—one for each day of the year—along with attractions like Nelson’s Dockyard and the annual Antigua Sailing Week. This strong tourism sector fuels demand for vacation homes, luxury resorts, and other real estate developments. In 2023 alone, tourism generated approximately US$1.2 billion, highlighting its importance as a key driver of economic growth. This dynamic tourism industry presents numerous opportunities for investors in vacation rentals, hotels, and related hospitality ventures.

Real Estate Opportunities

The real estate market in Antigua and Barbuda is diverse, offering a range of opportunities from luxury residential properties to commercial developments. The Citizenship by Investment Program (CIP) further enhances the nation’s appeal to international investors, granting citizenship in exchange for significant real estate investments.

• Luxury Residential Properties: Antigua is renowned for its beachfront villas, luxury condos, and exclusive estates. These high-demand properties are ideal for vacation homes, rental investments, and retirement residences, catering to a global clientele seeking Caribbean luxury.
• Commercial Real Estate: With the booming tourism sector, there are ample opportunities in hotel development, shopping centers, and office spaces to support growing business activities.
• Land Development: Investors have the chance to acquire prime land for new developments, including gated communities, eco-resorts, and branded residences tailored to luxury buyers.
• Branded Residences: High-end projects like Rosewood Residences in Barbuda attract buyers seeking branded properties with premium amenities and services, contributing to the luxury real estate market’s growth.
• Property for Sale in Antigua: A wide array of properties is available for sale, catering to diverse needs, from residential homes to commercial ventures.

Antigua and Barbuda Citizenship by Investment Program

Antigua and Barbuda’s Citizenship by Investment Program (CIP) allows investors to obtain citizenship through significant economic contributions. Key investment options include a $200,000 donation to the National Development Fund (NDF), a $400,000 real estate purchase, a $1.5 million business investment, or a $150,000 contribution to the University of the West Indies Fund for a family of six. Benefits include visa-free travel to over 150 countries, tax advantages, and dual citizenship. The program extends to the investor’s family and supports economic growth in Antigua and Barbuda. The application process involves background checks and government approval, typically taking three to four months.

Antigua and Barbuda: A Twin-Island Paradise

Antigua and Barbuda, located in the heart of the Caribbean, consists of two main islands and several smaller islets. Antigua is the largest of the two, known for its bustling capital, St. John’s, and its numerous beaches and resorts. Barbuda, less developed and more tranquil, is famous for its pink sand beaches and the Frigate Bird Sanctuary.

Cities and Towns in Antigua and Barbuda

Despite their small size, Antigua and Barbuda have a variety of towns and villages, each offering unique opportunities for businesses and property investors.

St. John’s

Jolly Harbour, situated on the west coast of Antigua, is renowned for its luxury waterfront properties and world-class amenities. This premier residential and marina community features a golf course, tennis courts, restaurants, and shops. The marina is one of the largest in the Caribbean, making it a prime spot for high-end residential and vacation rental properties, as well as commercial investments in retail and leisure facilities.

English Harbour

English Harbour, located on the southern coast of Antigua, is famous for Nelson’s Dockyard and its vibrant yachting culture. As a major hub for tourists, it attracts sailing enthusiasts from around the world, especially during the annual Antigua Sailing Week. The area offers a blend of historical sites, marinas, luxury resorts, and lively nightlife, making it an attractive location for luxury real estate and hospitality investments.

Jolly Harbour

Jolly Harbour, situated on the west coast of Antigua, is renowned for its luxury waterfront properties and world-class amenities. This premier residential and marina community features a golf course, tennis courts, restaurants, and shops. The marina is one of the largest in the Caribbean, making it a prime spot for high-end residential and vacation rental properties, as well as commercial investments in retail and leisure facilities.

Dickenson Bay

Dickenson Bay, located on the northwestern coast of Antigua, is known for its beautiful beach and vibrant atmosphere. It is one of the island’s most popular tourist destinations, offering white sandy beaches, crystal-clear waters, and lively nightlife. This prime location is ideal for luxury hotels, residential developments, and commercial real estate investments catering to both tourists and residents.

Hodges Bay

Hodges Bay, located on the northern coast of Antigua, is an upscale enclave known for its luxury resorts, pristine beaches, and serene atmosphere. This exclusive area attracts affluent visitors and investors seeking a blend of natural beauty and high-end amenities. With its proximity to St. John’s and VC Bird International Airport, Hodges Bay offers convenient access while providing a tranquil retreat. The real estate market features high-end opportunities, including luxury resorts, private villas, and gated communities, making it an ideal destination for those seeking a sophisticated and peaceful lifestyle in one of Antigua’s most desirable locations.

Five Islands Village/Galley Bay

Five Islands Village and Galley Bay, situated on Antigua’s west coast, offer a mix of luxury resorts and private residences. Known for its serene environment and stunning views, this area is popular among tourists seeking a quieter, more exclusive experience. It is an attractive spot for high-end real estate investments, including resort developments, private villas, and leisure facilities.

Wilikies and Half Moon Bay

Wilikies, a quaint village on the eastern coast of Antigua, offers a tranquil lifestyle and potential for eco-tourism and residential developments. The area’s natural beauty and rural charm make it appealing for those seeking a peaceful retreat. Opportunities exist for sustainable tourism projects, private homes, and agritourism investments that promote sustainable agriculture and rural tourism.

Barbuda

Barbuda, offering a more laid-back and tranquil lifestyle, is the quieter sibling of Antigua. The main settlement, Codrington, has a population of about 1,200 people and is known for its pink sand beaches and the Frigate Bird Sanctuary. Barbuda’s natural beauty and serene environment make it ideal for eco-friendly and sustainable developments, luxury retreats, and community projects that enhance the quality of life for residents and attract visitors.

Buying Real Estate in Antigua and Barbuda

The real estate market in Antigua and Barbuda is diverse and growing, offering opportunities in residential, commercial, and tourism-related properties. High demand for luxury beachfront villas, condos, and resort properties makes the sector attractive for investors. Opportunities in commercial real estate, such as hotels and retail spaces, cater to the growing tourism and business sectors. Additionally, the Citizenship by Investment Program has been a significant driver of real estate investment, allowing investors to gain citizenship through approved real estate projects.

Tax Advantages in Antigua and Barbuda

Antigua and Barbuda’s tax environment is highly attractive, offering a zero-tax system for personal income, capital gains, wealth, and inheritance. A special tax regime also allows individuals to significantly reduce their physical presence requirement with an annual tax payment of $20,000.

tax summary:

The favorable tax policies in Antigua and Barbuda make it an ideal location for investors and expatriates looking to optimize their tax strategy.

How to Start a Company in Antigua and Barbuda

Starting a company in Antigua and Barbuda is simple, with the government actively encouraging foreign direct investment (FDI). Investors can establish various business entities, including Limited Liability Companies (LLCs), partnerships, and branch offices. The government offers several incentives, such as tax holidays, import duty exemptions, and the repatriation of profits. The country’s streamlined business registration process makes it easier for investors to set up and operate businesses, particularly in the real estate and tourism sectors.

International Business Company (IBC)

Antigua and Barbuda’s International Business Company (IBC) regime provides significant benefits for international investors and businesses, including tax exemptions on income derived outside the country, no capital gains or withholding taxes, and strong confidentiality protections. With flexible corporate structures, no exchange controls, minimal reporting requirements, and a simple incorporation process, Antigua and Barbuda’s IBC regime is ideal for holding companies, trading companies, service providers, and those seeking robust asset protection.

Offshore Banking in Antigua and Barbuda

Antigua and Barbuda is a leading offshore banking destination, offering a secure, tax-efficient environment for international clients. The Financial Services Regulatory Commission (FSRC) ensures compliance with global standards, promoting transparency and stability. Offshore banking features include multi-currency accounts, private banking, wealth management, and investment advisory services. With no personal income tax, capital gains tax, or inheritance tax, Antigua is ideal for asset protection and tax planning. Prominent offshore banks, such as Global Bank of Commerce and Caribbean Union Bank, provide comprehensive services tailored to high-net-worth individuals and businesses.

Industry in Antigua and Barbuda

While tourism is the cornerstone of the economy, Antigua and Barbuda also have thriving financial services, agriculture, and light manufacturing sectors. These industries create additional opportunities for real estate development, particularly in commercial and mixed-use properties.

• Tourism: The main economic driver, with ongoing investments in resort development and infrastructure, fueling demand for hospitality real estate.
• Financial Services: A significant sector providing offshore banking, insurance, and financial management services, supporting the need for commercial real estate.
• Agriculture: The production of fruits, vegetables, and livestock offers opportunities for agritourism and eco-friendly real estate developments.

Cryptocurrency in Antigua and Barbuda

Antigua and Barbuda are open to cryptocurrency and blockchain technology, with the government expressing interest in developing a regulatory framework to attract crypto-related businesses. This progressive stance on digital currencies presents unique opportunities for tech-driven real estate developments and digital nomad communities.

Private Equity in Antigua and Barbuda

Private equity opportunities are particularly strong in the tourism and real estate sectors. Investors can engage in high-growth ventures like resort developments and commercial projects. The stable political environment and supportive government policies enhance the investment climate, making it a hotspot for private equity activities.

Should You Invest in Antigua and Barbuda?

Antigua and Barbuda offer a stable political environment, a growing economy, and attractive investment incentives. The country’s strategic location, natural beauty, and developed infrastructure make it an appealing destination for investors seeking diversified growth.

• • Strong Economic Fundamentals: Continued GDP growth and government investment in infrastructure bolster the market.
  • Attractive Real Estate Market: High demand for luxury properties and commercial developments.
  • Government Support: Pro-investment policies, including the Citizenship by Investment Program, provide a conductive environment for investors.