Feature Island

Regional Information

The warm Caribbean breezes and perfect powdery beaches of Antigua are a part of the small nation's allure, but this former British colonial outpost also provides a unique look into the region's historic past. Since its quite accidental discovery by Christopher Columbus in 1493, the small island country has long attracted overseas interest with its beauty, charm and abundant flora and fauna. The island today is a mecca for coral-reef divers, sun worshipers and those intrigued by the country's colonial architecture and colorful native culture.

antigua, Caribbean

Foreign Ownership of Islands in Antigua, Caribbean

Restrictions
on foreign investment and investors
* Capital and earnings can be repatriated.
* Hundred per cent foreign ownership is permitted.
* A wide range of enterprises is available for investment.
* Joint ventures with local persons are encouraged but are not essential.
* An exchange levy of 1 per cent is charged on outward movements of currency unless exemption has been given.
* Local borrowings by a foreigner are subject to a 3 per cent stamp tax unless exemption has been given.
* Land purchases require an alien landholder's license.

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