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In June 1995, the government introduced a permanent residence scheme to encourage a limited number of high net worth individuals to establish tax- free residency in Antigua and Barbuda. As residents all their income would be free of local tax. To obtain a permanent residence certificate an applicant must:
• Maintain a permanent place of abode in Antigua and Barbuda
• Obtain an alien landholding license costing 5% of the property value
• Pay a purchaser's stamp duty of 2.50%
• Pay an annual levy of US$20,000/annum
• Reside in Antigua and Barbuda for not less than 30 days a year.
Source: www.antigua-barbuda.com
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