Antigua is one country in the twin island nation of Antigua and Barbuda. Antigua and Barbuda share a government and a constitution. Antigua is an independent Caribbean country once colonized by the British, and has a diverse population of just over 80000. Many immigrants from neighboring islands flocked to Antigua for work in the hospitality and security industries, and eventually settled there. Plus there is a large population of ex pats who make Antigua their winter home. Antigua is the biggest of the Leeward Islands in the Caribbean. Like many other Caribbean islands, Antigua colonized for a long period by the British. It was one of the very successful sugar cane plantation islands with very arable and flat lands.
The islands have an estimated population of nearly 70,000 inhabitants with the majority of the people concentrated in the capital of St John’s. The official language of Antigua is English. The official currency of Antigua is the Eastern Caribbean Dollar (XCD).
Antigua has one of the stronger economies in the Eastern Caribbean which is maintained mainly by tourism and a developed financial services sector. Antigua is a top tourist destination and this is with good reason. Antigua has perfect climate and claims to have 365 beautiful white sand beaches. Many international resorts and hotels can be found on the island of Antigua. Antigua is also a well known wedding destination and many resorts in Antigua have exciting wedding and honeymoon packages available.
With an ultra modern and up to day multi-million dollar airport facility, the country has an international airport and flights come in from many countries including the continents of the United States and Europe and neighboring Caribbean countries. The US government also has a small base on the islands.
Antigua is also frequented by many cruise liners which makes regular stops on the island. There is a long list of activities to be enjoyed in Antigua including scuba diving, sailing, snorkeling, cricket, golf, bird watching, hiking and fishing among other activities.
Antigua is very popular for sailing and has two well recognized sailing event Sail Week and the Antigua Classic Yacht Regatta. Antigua Sail week is into its 43rd year and attracts competitors from around the world for six weeks which is complete with partying in a true Caribbean atmosphere. The Antigua Classic Yacht Regatta has been in the running for more than twenty years and is an international event.
Offshore bank formation, offshore gambling and financial services, the formation of offshore trusts and the incorporation of the Antigua International Business Companies are among financial and non financial services being offered in the offshore jurisdiction of Antigua. The Antigua FSRC was put in place in 2002 as a means of developing Antigua as a top financial center in the Caribbean region.
The island of Antigua is regarded as a tax haven since it offers business companies which pay no local taxes. Antigua offers clients Antigua International Business Companies and the Antigua none of which pays local taxes on foreign generated income. Antigua also offers offshore banking to its offshore clients. To date Antigua has earned itself a good reputation as a provider of offshore services.