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Antigua And Barbuda Tax Residency Program: A Comprehensive Guide
Antigua and Barbuda Tax Residency Program: An Overview
Since 1995, the government of Antigua and Barbuda has offered a Tax Residency Program designed to attract wealthy individuals from around the globe. The program offers permanent residency in Antigua to applicants who meet the following requirements:
Legal Residence: You must have a place to live in Antigua, either by renting or purchasing a property.
Income: You must prove an annual income of at least $100,000 USD.
Taxes: You must commit to becoming an Antiguan tax resident and pay a fixed annual tax of $20,000 USD.
Residency: You are required to live in Antigua for at least 30 days each year. As an Antiguan resident, you cannot be a tax resident of any other country. This means you cannot spend more than 183 days in any single calendar year outside of Antigua.
Tax Implication:
Antiguan tax residents are exempt from paying property taxes, inheritance taxes, and capital gains taxes. Additionally, you are not required to pay Antiguan taxes on any of your foreign income.
If you purchase a property locally, there is an annual property tax of 0.1% to 0.5%.
Application Process:
To apply for the Antigua Tax Residency Program, you must gather all the necessary documents and submit your application directly to the Antigua and Barbuda Inland Revenue Department (IRD).
The required documents for the application include:
Proof of Identity: You’ll need valid passports for yourself and any other applicants, along with passport-sized photos and relationship certificates (like birth or marriage certificates).
Proof of Income: You must provide evidence of a stable, annual income of at least $100,000 USD.
Criminal Record Check: A certificate of no criminal record is required for all applicants.
Application Form: A completed tax residency application form.
Proof of Residence: Documents showing you have a local address in Antigua.
After you submit your application, the government will conduct a thorough review of your financial background and security history. If your application is approved, you will immediately receive your Antiguan Permanent Residency Card and a Tax Identification Number (TIN). The TIN is a unique, six-digit number that is permanently assigned to you as an Antiguan tax resident.
Useful Links:
Antigua and Barbuda Tax Residency Program: https://antiguabarbuda.com/dario-item-tax-residency-program/
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