Three Laws to Escort Antigua and Barbuda Special Economic Zone at September 2015. The construction of the Antigua and Barbuda Special Economic Zone which was invested and started officially after the approval of Special Economic Zone Act 2015 and Special Economic Zone (License) Regulations 2015 by the government of Antigua and Barbuda. Meanwhile, the Special Economic Zone License Order 2015 was issued to Yida International Investment Antigua Limited by government of Antigua and Barbuda, which means Antigua and Barbuda Special Economic Zone is under the protection of the legal system of Commonwealth, and it is under a triple legal protection of Act, Regulations, and License.
Antigua and Barbuda Special Economic Zone was introduced to the world in the form of legislation by the government of Antigua and Barbuda, which settled a legal foundation for the long-term development of Antigua and Barbuda Special Economic Zone and ensured a safe operation of the first international special economic zone in Caribbean. The government of Antigua and Barbuda set up a Special Economic Zone to promote and establish self-contained, industrial, commercial and financial corporate offices and business centers, with solid and good infrastructure, to facilitate public and private sector participation in a competitive and attractive environment for the promotion of economic development and the creation of jobs in Antigua and Barbuda.
Antigua and Barbuda Special Economic Zone covers an area of 1609 acres and consists of 10 functional zones, including Hotel, Industrial park, Golf course and villa, International medical rehabilitation area, International commodity duty free logistics wholesale center, International warehouse free zone, Central business center, University town, Headquarters area and Financial center.
Antigua and Barbuda Special Economic Zone provides the most international comprehensive and competitive incentives and preferential policies, including overall zero-tax policies, free financial policies, and unlimited off-shore duty-free shopping policies to attract foreign direct investment. Multinational companies can minimize its global tax burden by carrying out overseas business in Antigua and Barbuda Special Economic Zone. The preferential policies of the Special Economic Zones mainly include financial duty-free policies, licensing policies, financial and tax policies, business administration policies, infrastructure policies, off-shore duty free policies, and CIP policies.