OFFSHORE FINANCIAL CENTERS 101 – ANTIGUA & BARBUDA

Antigua and Barbuda [REMOTENESS (SECRECY?) DIRECTED TRUSTS]

Magnificent-Frigatebird-Fregata-magnificensAntigua and Barbuda was colonized specifically as a mercantile resource for the production of sugar. No serious attempts at colonization took place until 1632 when a party of Englishmen under the leadership of Edward Warner set out from nearby St. Kitts, landed on the southern side of Antigua and claimed it for the English Crown.

The British governed the islands for over 300 years until 1981, when they became an independent State within the Commonwealth of Nations.

At the end of the nineteenth century, the government has strongly supported the growth of financial offshore activity. The “Land of 365 Beaches” is no longer frequented only by tourists, but also by rich businesspersons.

N.B. The International Trust Act N° 18 (2007) provides that the duration of the trust may be up to 200 years.

www.ab.gov.ag

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