The Golden Book of Antigua and Barbuda by Neil Forrester

The Golden Book of

Antigua & Barbuda ∫t¢

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The Golden Book of

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Table Of Contents

The Golden Book of Antigua and Barbuda

Map of Antigua & Barbuda

The Government of Antigua & Barbuda

General Information

What is the ABIA?

Investment Opportunities

Economic Performance

Business Climate

Brief history of Antigua & Barbuda

Tourism 33

Antigua Hotels & Tourist Association

Cruise Tourism

The Museum of Antigua and Barbuda

The History of Dockyard

Antigua & Barbuda Literary Festival

Stanford Antigua Sailing Week

Heritage Quay

Redcliffe Quay

Antigua Pier Group

Antigua Port Authority

Civil Aviation in Antigua & Barbuda

The importance of Regional Transportation

Barbuda

Maritime Administration

Domestic Banking

International Financial Services

Information Communications and Technology

Intellectual Property

Free Trade Zone

Buying Land

Agriculture

Education

Antigua & Barbuda Hospitality Training Institute

Useful addresses

The publisher expresses his gratitude towards all the contributors who submitted articles or provided information and photos for this book. Co-ordination and advertising sales: Neil Forrester. Layout and design by Kanousei. ÂŠ 2008 Media Publishing Internation.

The Golden Book of Antigua and Barbuda

Map Of Antigua & Barbuda

& Ba g i u t a n A f rbud o p a a M

ÂŠ 2005 Cartographers Ltd

The Caribbean

The Golden Book of Antigua and Barbuda

N PQ

PE NB

SRB17V0

ON VT NH NY CT

MA RI

WV VA

BERM U D A

B A H A M A

The Caribbean

CUBA

C A Y M A N IS .

H A IT I J A M A IC A

D O M IN IC A N R E P U B L IC

B .V .I. ANGUILLA ST . MAR TIN

PU ER T O R IC O

B E L IZ E

U .S . V .I.

ST . K ITTS and NEVIS

ANTIGUA & BARBUDA GUADELOUPE DOMINICA

G U AT E M A LA EL

MARTINIQUE

HONDURAS

SALVAD O R

ST . LUCIA

Elevation

BARBADOS

N IC A AGUA 1,200’ – R1,400’ 1,000’ – 1,200’ 800’ – 1,000’ 600’ – 800’ 400’ – 600’ 200’ – 400’ Sea Level – 1400’

GRENADA

TRINIDAD

COST A RICA

7 PANAM A

The Golden Book of Antigua and Barbuda

Government Of Antigua And Barbuda

Government of Antigua and Barbuda The Honourable Justin Simon

The Honourable Dr L. Errol Cort

Attorney General and Minister

Minister of Finance and the Economy

of Legal Affairs

The Honourable Wilmoth S. Daniel

The Honourable H. John Maginley

Deputy Prime Minister and Minister of

Minister of Health

Works and Transportation

The Honourable Winston Baldwin Spencer Prime Minister and Minister of Foreign Affairs

The Honourable Harold E. E. Lovell

Senator the Honourable

Minister of Tourism, Civil Aviation,

Joanne M. Massiah

Culture and the Environment

Minister of Agriculture, Lands, Marine Resources and Agro Industry

Government Of Antigua And Barbuda

The Honourable Bertrand L. Joseph

The Honourable Hilson Baptiste

Minister of Education

Minister of Housing and Social Transformation

Senator the Honourable

The Golden Book of Antigua and Barbuda

The Honourable Eleston Adams Minister of State attached to the Ministry of Tourism, Civil Aviation, Culture and the Environment with the responsibility for: Culture including, Independence, Community Pride, Homecoming Festivities.

The Honourable Trevor M. Walker Minister of State attached to the Office of the Prime Minister with the responsibility for: Barbuda Affairs, Antigua Public Utilities Authority (APUA)

Senator the Honourable Dr. Edmond Mansoor

The Honourable

The Honourable Winston Williams

Senator the Honourable Lenworth Johnson

Dr. Jacqui C. Quinn-Leandro

Minister of State attached to the Ministry

Parliamentary Secretary attached to the Ministry

Minister of Labour, Public Administration

of Education, Sports and Youth Affairs with

of Finance & Economy

and Empowerment

the responsibility for: Sports, Youth Affairs

Colin V.A. Derrick Minister of Justice and Public Safety

Minister of State attached to the Office of the Prime Minister with the responsibility for: Information, Broadcasting &Telecommunications.

General Information

The Golden Book of Antigua and Barbuda

General Information

St James’ Club © Elite Island Resorts

The Islands Location Eastern Caribbean Islands.

Religion Christianity, mostly Anglican, is the

At the north of the Leeward Islands, lies three islands:

religion of the vast majority. However, there are also

Antigua, Barbuda (40 km/25 miles north of Antigua)

Roman Catholics, Methodists, Lutherans, Moravians,

and Redonda (uninhabited, 40 km/25 miles south west

Pentecostals, Baptists, Seventh Day Adventists and

of Antigua). Area: Antigua 280 sq km (110 sq miles);

members of the Salvation Army.

Barbuda 160 sq km (60 sq miles); Redonda 1.6 sq km (0.6 sq miles) Capital St. John’s (Antigua), Codrington (Barbuda)

Health The country has a general hospital, a private clinic, 7 health centers and 17 associated clinics. Social Welfare Free healthcare and various pension

Area 280 km2 (Antigua), 160 km2 (Barbuda)

benefits are provided under state welfare schemes. Care

Climate Tropical marine; little seasonal temperature

for the aged is provided at the Fiennes Institute.

variation. Average temperature is 24 degrees Celsius or

Education Education is compulsory between the ages

75 degrees Fahrenheit.

of 5 and 16 (primary 5-10; secondary 11-16). There

Time Zone GMT -4

are 45 primary schools and 12 secondary schools. The

Official Language English

University of Health Services, Antigua, established as an

Currency Eastern Caribbean Dollar (EC$) Population 75,000 Literacy Rate 90 per cent

State College offers technical and teacher training. The offshore medical college, was founded in 1982. Antigua is a partner in the regional University of the West Indies, which provides higher education in several Caricom countries.

Ethnicity Afro-Caribbean, European and Middle Eastern descent.

The Golden Book of Antigua and Barbuda

General Information

Office hours Commercial companies 0800-1200, 1300-1600 Monday to Friday. Government offices: 080016.30 Monday to Thursday, 0800-1500 Friday. Public Holidays 2009 New Year’s Day. . . . . . . . . . . . . . . . . . . . . . . . . January 1 Good Friday . . . . . . . . . . . . . . . . . . . . . . . . . . . March 25 Easter Monday. . . . . . . . . . . . . . . . . . . . . . . . . March 28 Labour Day. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . May 2 Whit Monday . . . . . . . . . . . . . . . . . . . . . . . . . . . . May 16 Queen’s Birthday . . . . . . . . . . . . . . . . . . . . . . . . June 11 Caricom Day. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . July 5 Carnival Monday. . . . . . . . . . . . . . . . . . . . . . . . August 1 Carnival Tuesday. . . . . . . . . . . . . . . . . . . . . . . . August 2 Independence Day . . . . . . . . . . . . . . . . . . . . November 1 Vere Cornwall Bird Snr Day. . . . . . . . . . . . . . December 7 © Carolyn Parker-Thomas

Visiting Antigua and Barbuda Antigua and Barbuda has a wide variety of

Christmas Day . . . . . . . . . . . . . . . . . . . . . December 25 Boxing Day. . . . . . . . . . . . . . . . . . . . . . . . . December 26

accommodations, from luxury resorts to smaller, more

Social Conventions For men, a lightweight or

intimate hotels. The country will be sure to delight you

shirt-jack suit, a long or short sleeved shirt and tie are

with its sparkling shoreline, rich cultural events, 365

suitable for most business visits. Women tend to dress

gorgeous beaches and our Caribbean hospitality. Further

in tailored casual clothes for business. Handshaking is

information can be obtained from the website of the

customary.

Antigua Hotels & Tourist Association – www.antiguahotels. org or the Ministry of Tourism – www.antigua-barbuda.org Visa Visitors from many nations do not require visas to

Unit of Currency Eastern Caribbean dollar (EC$),

enter Antigua and Barbuda. However, for investors who

common currency of the 8 members of the OECS. The

do need a visa, please contact one of the Embassies or

central monetary authority is the Eastern Caribbean

Consulates of Antigua and Barbuda.

Central Bank (ECCB; headquarters in St. Kitts). Free

Exchange Rate EC$2.70 = US$1.00 (fixed exchange rate) Electricity 220/110 volts AC, 60 Hz; American style 2 pin plugs Departure tax EC$35 for nationals and EC$50 for non-nationals Telephone Code Country Code (268) plus the local 7-digit number

import and export of local and foreign currencies, subject to declaration. GDP Antigua and Barbuda is classified as a middle income country, with GDP per capita at approx. US$9,000. Annual Growth Rate GDP Growth Rate approx. 5 per cent. Investment A capital market with growing offshore banking and financial services attracts foreign investment. Currently, in addition to the ECCB, there are

Driving and local transport Minibuses are

a Commercial Bank, a Development Bank, an Investment

reliable, frequent and cheap; taxi and care hire are

Bank, six other banks and several insurance companies.

available. Vehicles keep to the left. An international driving permit is recommended. A foreign license can be used to obtain a temporary visitor’s permit. Small boats can usually be hired and seats on excursions are booked from hotels.

The Economy

Inflation Has fluctuated from 7.7 per cent in 1990, 1.3 per cent in 1992, 3.5 per cent in 1994 to an estimated 1.6 per cent in 1999.

General Information

Government

The Golden Book of Antigua and Barbuda

Government Government is by parliamentary

Political Status/Stability Stable and democratic

democracy with a bicameral legislature. It consists of the

government

Lower House of Representatives and a Senate (or the

Head of State H.M. Queen Elizabeth II, represented by Governor General Dame Louse Lake-Tack

Upper House), both of which have seventeen members. All seventeen members of the senate are selected by the Governor General on the advice of the Prime Minister,

Head of Government The Prime Minister,

Leader of the Opposition and the Barbuda Council.

Hon. W. Baldwin Spencer

Elections are held not later than every five years.

Constitution National Constitution following

Last Election 23 March 2004

independence from Britain in 1981 Independence 1st November 1981 (from UK) Main Industries Tourism, Financial Services Banking, Finance & Professional Services: Antigua and Barbuda is home to a variety of international and domestic banks offering full commercial and private banking services. International financial services include among others banking, insurance, trust operations and offshore company registration. International financial institutions and companies are regulated domestically by the Financial Services Regulatory Commission (FSRC). Domestic banks are regulated by the Eastern Caribbean

Next Election March, 2009 Taxation The bulk of government revenue comes from indirect taxation. Direct taxes are levied on corporate profits. A wide range of industries qualify for concessions. Tax holidays are available for qualifying businesses. Personal Income tax was reintroduced in April 2005. Labour Labour relations are governed by the Antigua and Barbuda Labour Code, which simplifies industrial relations, establishing a medium for dispute resolution. Labour Force Approximately 33,000 Unemployment Rate 11 per cent Minimum Wage EC$7.50 – US$2.76

Central Bank based in the neighbouring island of St.

Hours of work Forty hours per week – 8 hours per

Kitts. This institution acts as central bank for the eight

day, 5 days per week

islands that comprise the Organization of Eastern Caribbean States. These states share a single currency the Eastern Caribbean Dollar.

Overtime Over 40 hours per week – time and a half Sundays and legal holidays – double time

Banks include Canadian and British banks, and several regional and indigenous banks. Antigua and Barbuda has a wide range of professional services; law, finance, accountancy, engineering and many other technical fields. Legal System Legal system based on the British legal system. The Supreme Court consists of a High Court and a Court of Appeals with the ultimate right of appeal being to the Privy Council in England. The Caribbean Court of Justice was inaugurated on the 16th of April, 2005 in Trinidad and Tobago. As a member of CARICOM, Antigua and Barbuda is mandated to consider the replacement of the Privy Council with a Caribbean Court of Appeal.

General Information

Work Permits

The Golden Book of Antigua and Barbuda

Infrastructure and Services

Expatiate workers Non-nationals are required to

There are daily direct passenger services from V.C.

obtain a work permit before becoming gainfully employed.

Bird International Airport to major international cities

Applications can be obtained from the Labour Department.

in Europe, North America and the Caribbean. Freight

The forms must be completed by both applicant and the

and courier services are also available to all major

intended employer. A work permit is valid for one year,

international cities. Antigua and Barbuda also serves as

and should be renewed every year. Work permit fees

a hub for all Eastern Caribbean and has excellent links

vary according to category of employee. The completed

to other Caribbean countries.

application forms along with the following documentation are required for processing the work permit: • A police record from last place of residence • Certified copies of educational certificates/ qualifications • A copy of vacancy notice, if the position has been advertised.

Communications Media Two daily newspapers (The Daily Observer and

The Deep Water Harbour has modern and efficient port and container handling facilities, provides regular sea freight services to and from all parts of the world. Two recently constructed piers in the capital of St. John’s Harbour, accommodating at the same time 4 of the largest and most modern cruise liners, are expected to receive approximately 500,000 cruise passengers (2003-2004 projection) this year. Cruise passenger arrivals is expected to increase to approximately one million passengers over the next three years.

The Antigua Sun) both published in English. Radio and television services are provided by Antigua and Barbuda Broadcasting Services (ABS). Commercial Radio TV

Utilities

stations include, Observer Radio, Radio ZDK, Crusader

Antigua and Barbuda has excellent physical infrastructure

Radio. Cable television is provided by CTV and Karib

with reliable water and power supply and modern internal

Cable with a variety of Caribbean and US TV Channels.

and external telecommunications facilities.

Post A full postal service is available at the post office

Electricity Electrical power is available at both 220

in St. John’s.

and 110 voltages at 60 hertz and supplied from single

Telecoms The Antigua Public Utilities Authority (APUA)

grids on both islands using diesel turbines.

provides Domestic telephone service (code 1 268). The

Water Desalination plants and purpose built reservoirs

service is fully digital, with 80% of switching network

provide water.

served by fibre optic cable. Road There are 384km of main roads and 780km of

Telecommunications

secondary roads.

There is a modern digital telephone system that links

Sea Cruise ship port at Heritage Quay, St. John’s;

Antigua and Barbuda to the rest of the world via satellite

Commercial port at Deep Water Harbour, St. John’s;

as well as efficient mobile telephone services.

Yachting port at Nelson’s Dockyard and Falmouth

There are two main entities that provide

Harbour in the English Harbour area.

telecommunication services in Antigua and Barbuda.

Air The country is served by several international airlines

The APUA, a state owned entity, provides local telephone

and charter flights. VC Bird International airport is 10 km

services and Cable and Wireless supplies international/

(6 miles) north east of St. John’s. International services are

long distance services. Wireless communications are

offered by British Airways, Air Canada, American Airlines,

provided by three different companies (Cable and Wireless

Virgin Atlantic, Continental Airlines, Delta Airlines, USAir, bmi,

Mobile, APUA PCS and Digicel) with good interconnectivity.

First Choice, XL Airlines, Condor and Caribbean Airlines.

They all operate in direct competition and provide

There are direct flights from New York (Newark & JFK),

different packages to suit their consumers’ needs.

Atlanta, London, Manchester, Frankfurt and Toronto. Direct

Internet connections are provided by three competing

services from Miami are due to start in late 2008.Antigua

internet service providers, Cable & Wireless, ACT On-line

and Barbuda is joint owner of the regional airline LIAT

and APUA-Inet. All three firms offer a variety of options,

(Leeward Islands Air Transport Services), which flies (cargo,

including dial-up, DSL, and T-1 lines to businesses and

scheduled passenger flights and charter flights) to 26

individual consumers.

Caribbean destinations. Carib Aviation also flies regionally with services to Barbuda. Barbuda has a small airstrip.

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Antigua Barbuda Investment Authority

The Golden Book of Antigua and Barbuda

What is the ABIA?

Antigua and Barbuda Investment Authority

Sitting, left-to-right: Mr. Eustace Peters; Chairman, Senator Lenworth Johnson; and Mrs. Debbie Smith. Standing, left-to-right: Mr. Lestroy L. Samuel; Mr. Yves Ephraim; H.E. Ambassador Colin Murdoch; Mr. Maurice Christian; and Mr. Noel Walling.

The Antigua and Barbuda Investment

The Authority also advises the

The Authority is managed by a

Government on the formulation

board of directors which reviews

and implementation of policies

and recommends investor

and programmes intended to

incentive proposal packages

attract and enhance new and

and provide strategic direction.

existing investment opportunities

The ABIA Board is comprised of

investment opportunities; facilitate investor

in the country. Through the

the following: Chairman, Senator

access to incentives and concessions, as

operations of its Investment

Lenworth Johnson, Secretary to

Promotion, Investment

the Board, Mr. Eustace Peters,

Facilitation, and Enterprise

Mr. Maurice Christian, Mr. Yves

Development Departments, the

Ephraim, Mr. Whitfield Harris,

Authority is positioned to provide

Mr. Corthwright Marshall, H.E.

local and foreign investors with

Ambassador Colin Murdoch,

the information and services

Mrs. Debbie Smith and Mr. Noel

Authority is the Investment Promotion Agency of the Government of Antigua and Barbuda. Its mandate is to promote

prescribed under the law, assist investors to obtain facilities related to the operation of a business enterprise and improve the investment climate of Antigua and Barbuda.

required to expedite and enhance Walling. the investment process.

The Golden Book of Antigua and Barbuda

Mr. Whitfield Harris

Mr. Corthwright Marshall

Antigua Barbuda Investment Authority

does this in line with the

this department will become

Development Department.

country’s strategic objectives,

the single point of contact

This department will

matched with its comparative

for all aspects pertaining

provide technical assistance

advantages. The department

to business establishment

for the development of

provides potential investors

including the processing of

small businesses and the

with timely information and

incentives and concessions.

generation of local investment.

support services at each stage

Ultimately, the department is

The creation of a local

of the investment decision-

responsible for investment

entrepreneurship culture

making process. In addition,

facilitation throughout the

which complements foreign

the Investment Promotion

entire cycle, including the

investment is essential

Department is establishing a

post approval stage, thereby

for economic growth, and

network of international and

nurturing the development of

will allow for sustained

local allies for promoting,

the business while ensuring

development within the local

influencing and/or assisting

that the country receives the

economy. The Enterprise

investment decision makers.

requisite economic and social

Development Department is

Contact with potential investors

benefits.

charged with ensuring that

will be by way of direct mail,

small businesses are provided

The structure of the ABIA

telemarketing, presentation

The ABIA’s success in

with the opportunity to actively

is designed to ensure the

trips and a wide-reaching web

streamlining many of these

participate in the economy. The

fulfillment of its mandate. There

presence. Concurrent with the

processes will make Antigua

Department is also responsible

are four broad departments

“courting” of foreign investment, and Barbuda more attractive

for managing the Government’s

charged with managing the

the Investment Promotion

for doing business. Attracting

portfolio of factory shells at

investment climate namely,

Department will also work

investors is, however, only the

Coolidge Industrial Park.

Investment Promotion,

closely with on-island investors

first part of an ideally long-

Investment Facilitation and

to determine how existing

lasting relationship. The process

Office Administration

Enterprise Development and

facilities can be upgraded and

of investment establishment,

Department

Office Administration.

expanded to the benefit of the

operation and expansion should

This department headed by

country and the enterprise.

encounter few, if any barriers

Mrs. Krista Moore, provides

for the project to maximize

human resource, finance,

Investment Promotion Department

Investment Facilitation

its return on investment. The

accounting and general office

The Investment Promotion

Department

Facilitation Department will also

management functions. It

Department is headed by Mr.

Mr. Henderson Fields is the

be responsible for monitoring

delivers technical and

Fitzmaurice Christian. This

Investment Facilitation Director.

projects to ensure the promised

administrative support to

department telescopically

The focus of his department

benefits are delivered.

all departments to ensure

aims pro-active marketing and

is to provide assistance and

promotion efforts at economic

direction after the decision is

Enterprise Development

and enable the appropriate

sectors, segments, markets,

made to invest in Antigua and

Department

logistical framework to

and particular companies

Barbuda by local and foreign

Miss Jacqueline Yearwood

expedite delivery of operational

called target investors. It

investors. When fully developed heads the Enterprise

continuity of operations

services.

Antigua Barbuda Investment Authority

The Golden Book of Antigua and Barbuda

The management and staff of the ABIA

Jacqueline Yearwood Enterprise Development Director

Fitzmaurice Christian Investment Promotions Director

Henderson Fields Investment Facilitation Director

Caren Tonge Executive Assistant to Executive Director

Sherelyn Hughes Thomas Economist/Market Research Officer

Krista Bowers-Moore Office Manager/ Accountant

Olivea Smith Administrative Assistant

Robert Liburd Investment Facilitation Officer

Shermaine James-Rodgers Enterprise Development Officer

Erica J. Lake Investment Promotion Officer

Carla Joseph Receptionist

Andy Williams Driver/Messenger

The Golden Book of Antigua and Barbuda

Investment Oppertunities

Investment

Opportunities

in Antigua and Barbuda

Antigua and Barbuda, like any other country, is endowed with limited resources, financial and otherwise. It is, however, endowed with strengths such as natural beauty, mild weather, a friendly, courteous, English-speaking population, a central Caribbean location,

as well as political and social stability. Our country is also an outstanding tourist destination, with a legacy of beneficial foreign direct investment. The Free Trade and Processing Zone, with its existing capacity (available lands), and an institution

devoted to information technology â&#x20AC;&#x201C; The Antigua and Barbuda International Institute of Technology (ABIIT) - also serve as investment incentives. In addition, there are two medical schools on island â&#x20AC;&#x201C; the University of Health Sciences Antigua

School of Medicine and the American University of Antigua. Altogether, these strengths are well-matched for industries such as tourism financial services, education, medical health and wellness, business support services and logistics.

Investment Oppertunities

The Golden Book of Antigua and Barbuda

Financial Services

Priority Investment Segments for Antigua and Barbuda As native English speakers, Antiguans and Barbudans could escalate to the betterpaid activities in technical call centres, business process outsourcing (BPO), international finance, international insurance and software development. The presence of the ABIIT, and the cadre of trained and certified technicians being produced, represents a strength on which to build. Prior to regulatory and legal challenges, the number of sports-book and gaming operators in Antigua and Barbuda was testament to the quality of people and telecommunications infrastructure which supported these operations. In fact, several thousand well trained employees

and a marked increase in commercial space were byproducts. This combination allows for a resurgence of the internet gaming sector and for immediate upgrade to business process outsourcing. Additionally, being situated in the â&#x20AC;&#x153;heart of the Caribbean,â&#x20AC;? the twin-island nation can further exploit its potential in logistics, business support and financial services. To complement and support these operations, the presence of several international banking institutions, in addition to global correspondent banking relationships, can facilitate operations in these sectors.

1. International Finance 2. Captive International Insurance 3. Offshore Banking 4. International Business Incorporation

Tourism 1. Premium Resorts and Developments 2. Attractions 3. Business Hotels 4. Convention Centres

Medical Health and Wellness 1. Spas 2. Specialized Clinics 3. Recovery Centres

Additional Investment Segments for Antigua and Barbuda

Education 1. ICT 2. Hospitality 3. Medical 4. Student Villas

Logistics 1. Trans-shipping 2. Storage 3. Brokerage 4. Repacking 5. Infrastructure

Business Support 1. Tech Call Centres 2. BPO 3. Software 4. Professional Services

The highlighted segments reinforce each other in a synergistic manner. For instance, enhanced investments in segment-specialized education would benefit the development of investments in tourism, health/ wellness, business support and financial services. Additional investment in the health sector in the country would also entice more retirees to settle and/or have a second home in Antigua and Barbuda, fostering the development of more residential condominiums and time-share resorts. ICT training directly opens the possibility for technical support centers and perhaps software

development based in Antigua. The Government of Antigua and Barbuda and the Antigua & Barbuda Investment Authority envisage improved opportunities in the local economy. We are confident that the mandate of the Authority can be effectively carried out with a multi-sectoral and collaborative effort. Further, the synergies of private and public sector co-operation are critical to the success of this effort. The Authority is identifying and nurturing a network of key allies, and seeking their commitment to partner in its efforts. We are committed to supporting all beneficial investment proposals presented for our consideration, and encourage investors to explore the many investment opportunities in Antigua and Barbuda.

The Golden Book of Antigua and Barbuda

Economic Performance

Economic

Performance

of Antigua And Barbuda in 2006 Real GDP Growth 2000 - 2006

Below we reproduce Government’s review of the economy’s

9 PE RCE NTA GE

highlights of the

11.5

performance in 2006, as presented at the

4.31 3.27 1.53

July 2007 National

5.31

5.22

2.01

Economic Symposium.

2000

2001

2002

2003

2004

2005

2006

Real Sector Performance 2006 Preliminary data shows that real

was driven by developments

expansion in overall construction percent to 273,414 in 2006.

GDP in Antigua and Barbuda

in both the public and private

activity was partly reflected in

Stayover arrivals from the USA

grew by 12.2 per cent in 2006,

sectors, largely associated

increases in commercial bank

increased by 6.2 percent, partly

following growth of 5.5 per

with Cricket World Cup (CWC)

credit to construction companies reflecting additional airlift from

cent in 2005, primarily fuelled

2007. Public sector activity

and to households for home

Delta airlines and increased

by construction and supported

focussed on the Sir Vivian

construction and renovation.

marketing; the tourism product

by tourism. Activity in the

Richards Cricket Stadium, the

Tourism activity, as measured

was re-branded, and some

construction sector continued

Transport Board headquarters

by value-added in the hotels

hotels offered special romantic

to provide the impetus for

and infrastructural development. and restaurants sector, grew by

packages during the summer

growth in 2006, increasing by

In the private sector, activity

2.6 per cent in 2006, in contrast

months. Growth was also

35.0 per cent compared with

centered on constructing and

to a decline of 1.1 per cent in

recorded for stay-over arrivals

growth of 19.5 per cent in

expanding a number of hotels,

2005. Total visitor arrivals grew from Germany (15.5 per cent),

2005. The sector’s contribution

condominiums and guest

by 0.5 per cent to 755,385 in

France (11.9 per cent) and the

to GDP rose by 3.2 percentage

houses. Activity related to the

2006, following a decline of 7.0

Caribbean (10.4 per cent).

points to 18.9 per cent in

building of residential properties

per cent in 2005. The number

Of the other service sectors,

2006. Activity in this sector

remained at a high level. The

of stay-over visitors rose by 2.4

output in the wholesale and

Economic Performance

retail trades sector rose by

Financial Sector Performance 2006

9.7 per cent, largely driven

Domestic credit grew by 13.2 per cent to $1,897.4m. Credit to the private sector rose by 20.4 per cent, reflecting increased borrowing by business entities (24.7 per cent) and households (20.4 per cent). The rise in domestic credit was tempered by a 25.3 per cent decline in the central government’s net indebtedness to the banking system. This outturn was attributed to more than a four fold increase of the central government’s stock of deposits with commercial banks, largely reflecting inflows from the issue of treasury bills and bonds during the period under review. The increase in the net deposits of non-financial public enterprises (25.8 per cent) reflected a decrease in outstanding loans to these institutions as well as an increase in their level of deposits. The distribution of credit by

by growth in the demand for consumer durables and building materials, partly associated with the expansion in construction activity. Value added in the transport sector grew by 13.4 per cent, in contrast to the 2.3 per cent decrease recorded in 2005, primarily reflecting a higher level of activity in the “road transport” and “sea transport” sub-sectors. This outturn is consistent with developments in tourism and construction. Output of electricity and water rose by 5.4 per cent, reflecting continued increases in electricity consumption, partly attributed to the higher level of economic activity. Increases in value added were also recorded for the mining and quarrying (45.0 per cent), banks and insurance (7.0 per cent), communications (5.0 per cent) and government services (5.4 per cent) sectors.

Construction Sector Growth 2000-2006 2000

6.5

2001

2002

3.5

2003 2004

6.7 2.5

2005 2006 PE RCE NTA GE

The Golden Book of Antigua and Barbuda

economic activity shows that construction companies consumed the largest portion of commercial bank credit extended to the productive sectors. Credit for construction increased by 47.0 per cent in 2006, reflecting the highest level of activity in that sector. This was supported by an 8.0 per cent increase in credit to households for acquisition of property, which includes home construction and renovation. Of the other productive sectors, outstanding loans for tourism rose by 38.0 per cent, partly reflecting the efforts by some businesses to prepare for the 2006/07 tourist season, while declines were recorded for outstanding loans to the distributive trades (3.1 per cent) and manufacturing (12.5 per cent) sectors. The commercial banking sector continued to operate with a high level of liquidity during 2006. The ratio of

liquid assets to total deposits plus liquid liabilities, which measures commercial banks’ ability to meet short term obligations, increased by 0.7 percentage point to 45.7 per cent. The loans and advances to total deposits ratio fell by 1.6 percentage points to 77.6 per cent. The cash reserve to deposits ratio stood at 9.8 per cent. There were some adjustments to interest rates during 2006. The maximum rate on demand deposits rose by 1.0 percentage point to 4.0 per cent, while the maximum rate on savings deposits increased by 50.0 basis points to 4.75 per cent. The rates offered on all categories of time deposits ranged from 1.0 per cent to 7.0 per cent in 2006, compared with a range of 1.0 per cent to 5.75 per cent in 2006. Prime lending rates remained stable and ranged from 10.0 per cent to 11.5 per cent.

Looking Forward Projections going forward

terminal building, all at a

encourages investors to

indicate that the prospects

cost of EC$297 million.

make full use of the available

for investment are

The continued road works

concessions and incentives.

favourable, as there is a

programme, as well as

We welcome your proposals

concerted effort by the

the construction of the

for the expansion of existing

Government to enhance

bus terminal and car park,

enterprises, as well as

and upgrade infrastructure

will result in a further

the development of new

in the short term. Among

public sector injection

business opportunities, and

the ongoing projects is

of $126.5 million. It is

commit ourselves to working

the runway extension and

within this boyant economic

with you to ensure the

overlay, and the completion

environment and improving

continued expansion of the

of the parallel taxiway and

infrastructure that the ABIA

economy.

The Golden Book of Antigua and Barbuda

Business Climate

Antigua and Barbuda is ranked 33rd globally among 175 countries that were Government regulation and modes of operation can enhance or hinder business activity. Key processes such as ease of starting a business, licensing, investor protection, contract enforcement, employing workers, registering property and paying taxes can consume significant resources. Reforms in these areas affect businesses of every size, and investors, whether local or international. They also help to fuel the entrepreneurial spirit. In 2006, 13 small states initiated 18 reforms to make it easier to do business. â&#x20AC;&#x153;Only two of the positive reforms were in the OECS, both in Antigua and Barbuda, namely, improved regulations for registering a new business and reduced corporate income tax rates.â&#x20AC;?1 In this issue of Antigua and Barbuda Investment Quarterly, we will examine some of the processes involved in starting a business and employing workers.

Starting a Business The ease with which a new business can be registered differs across borders. In some countries it is simple and affordable, while in others it is perplexing and expensive. Some of the steps involved

benchmarked in 2006 on the ease of doing business. In the OECS, it was ranked number two.

Business Climate

include obtaining permits and licenses, and registering with various authorities. On average, in the OECS, it takes about 6 procedures or 32 days, and costs about 28% of per capita income. Iceland is regarded the best in the world, taking just 5 days for a business to be set up. In the OECS, it ranges from 12 to 52 days and 12.5% to 37.2% per capita income. Antigua is ranked number one in the OECS in this category and 22nd globally. It takes 21 days to start up, and 12.5% per capita income to get a business going in Antigua and Barbuda. Legal fees and registration fees are among the largest determinant of start-up costs, ranging from 50% to 90% (EC$2,500 average). In Antigua and Barbuda, legal fees are about 11% per capita income and registration fees average around $200 ($1200 is highest in the OECS). Measures to improve the efficiency of starting a business were set in motion when Antigua and Barbuda decided to separate the company registry from the High Court registry. This reduced registration time to the business by a third, from 31 days to 21. Table 1 lists the time required and the related costs for establishing a registered company in Antigua and Barbuda.

The Golden Book of Antigua and Barbuda

Table 1. Business Start-Up Process in Antigua and Barbuda Procedures

Time

Cost

Search and reserve company name

1 day

$25

Lawyer prepares incorporation documents

1 day

$150

Registration with commercial registry

10 days

$3000 legal fees

Make company seal

7 days

Apply for Tax Payer ID number and Education Levy

3 days

No charge

1 day

No charge

1 day

No charge

Opportunities for Reform or Change Opportunities for reform need not be expensive, and many do not require legislative changes. Creating a one-stop-shop or single point of contact would reduce time for businesses. For example, consideration should be given to exploring the feasibility of providing a unique tax identification number, which can be used for Education Levy, Social Security,

Medical Benefits and the Inland Revenue Department. When the Medical Benefits Scheme started, it entered into a similar arrangement with the Social Security Scheme by just adding M to the existing Social Security employee numbers. Computerizing data to allow for the performance of electronic searches can also reduce the time spent setting up the business, as well as instances of

$200 (not required but practised)

error and delay which arise from misplaced paper files. It has been conclusively demonstrated around the world that removing obstacles to starting a business results in increased investment and additional jobs. This in turn has a favourable impact on government revenues and as such, due consideration should be given to reforming the relative processes.

Business Climate

Employing Workers Countries enact laws to protect their workers from discrimination as well as unfair and arbitrary dismissal. The tools used include, but are not limited to, minimum wages, severance pay and overtime payment. On the other hand, markets that are too restrictive can deny opportunities to more productive workers and artificially inflate labour rates. This also encourages employers to resort to seeking loopholes by hiring informally, paying low wages and making no Social Security or Medical Benefits contributions. The OECS is relatively flexible, with St. Lucia being most so and ranked 33rd globally, while Dominica is the least flexible, ranking 50th in the

Table 2. Severance costs, based on 20 years’ employment Country

Firing cost in weeks’ salary

Grenada

Antigua and Barbuda Dominica

48 49

St. Vincent & The 54 Grenadines St. Lucia 56 St. Kitts and Nevis 60

world. Antigua is ranked 4th in the OECS and 40th globally. The country allows fixedterm contracts, which provide businesses the flexibility to decrease staff when demand falls without imposing high dismissal costs.

The Golden Book of Antigua and Barbuda

makes the labour market inflexible, and therefore makes it difficult for a person newly entering the labour market or moving from one employer to another.

Opportunities for Reform or Changes

Currently, our laws focus exclusively on severance compensation as the only remuneration for an employee leaving a company. A combination of severance and unemployment insurance can deliver two major benefits, ie, lowering the cost of severance and providing a cushion to help workers transition to new Rigid working hours, which employment. In the main, do not always reflect the movement in demand for labour struggling companies are ill-prepared to meet the high or the business cycle, also severance cost requirements at inhibit efficiency and overall closure or when downsizing. performance in the region. This often has the effect of generating a net financial loss, There is also opportunity for where traditional working hours reform with regard to the fixed working hours. The are preferred above flexible existing overtime payment schedules. Examples of this regulations often result in include wide scale closure of higher production costs, which businesses after 4:30 p.m. generally do not translate on weekdays, and complete into increased profitability closure on Sundays and holidays. In economies such as or competitiveness. All stakeholders should give due Antigua and Barbuda’s, which consideration to the benefits are driven by movements in the tourism sector, adjusting to of moving to flexible working hours, which may significantly flexible hours may augur well reduce labour costs. for employees and business Dismissal notification periods for the region are low compared to the global average, but severance costs are considered to be higher than average. This ranges from 20 weeks’ pay to 60 for a person who has completed 20 years of service.

profitability. It is felt in some quarters that the current set of regulations

business climate. This will include access to credit, investor protection, contract enforcement and dissolution of a business. We invite you to engage the Authority and all relevant stakeholders in an ongoing discussion of these and related issues, to optimize the efficiency of investing and doing business in Antigua and Barbuda.

Partnering With You The aim of the ABIA in engaging our allies in discussions surrounding the national business climate is to encourage participation in our thrust to reform the economy. By way of our round tables and/or working groups, your participation serves to enhance the policy formulations and recommendations for amendments to the laws and regulations to be presented to the Government. This in turn shapes a more conducive and consequently more

In future issues, we will consider other components of Antigua and Barbuda’s

competitive business environment.

The Golden Book of Antigua and Barbuda

Brief history

of Antigua & Barbuda

_______________________________________________________________________________________________ by Lionel Hurst

The modern history of Antigua and Barbuda could be said to commence on an August morning in 1632, although all New World countries had an ignominious beginning in October 1492. When Europe collided with ancient Caribbean and American civilizations, five hundred years ago, a way of life that has been in the making for ten thousand years soon ceased to be, and a Creole civilization has flourished ever since. Geography, Climate, Ethnic Duality and Leadership Antigua and Barbuda has been a maker of significant history ever since its 1632 encounter, primarily because of its geography, its climate, its ethnic duality and the magnificence of succeeding generations of its leaders. When the first Europeans sighted Antigua and Barbuda, they determined that the islands could not possess substantial yields of gold and other precious metals, since both islands were so small. Having named the islands for purposes of mapping, the explorers went on to search

the bigger Caribbean islands for larger yields. One hundred and forty years passed, after the first sighting, before the Europeans considered colonizing the tiny specks of land that the present Antiguans and Barbudans love so dearly today. Economic motives drove the first colonizers’ interests. European families had grown fond of the taste of tobacco and ginger and their fabrics required indigo. A forested but flat and dry Antigua and Barbuda seemed ideal for the cultivation of these three crops. The trade in African peoples, lucrative and flourishing in Hispaniola, Cuba and the new America by 1632, filled the

colonizers’ need for the much required labour. And the most daring of Europe’s capitalist – the British mercantile class – plunked down their money in search of profits. After three decades of initial success, French warriors successfully seized the defenseless Antigua from the British, and for one year, from 1666 to 1667, exercised control over her. Under the Treaty of Breda, Antigua was returned to the British peaceably. Thereafter, the British decided that she would soon be invulnerable to invasion. In fewer than one hundred years, twenty-six forts were constructed from the public purse. Many serve as museums, hotels, restaurants, and evidence of ancient British military architecture today. Perched on hilltops along her indented coastline, which was in turn flanked by treacherous coral reefs and barely visible sandbars, hundreds of cannons pointed out towards any navy that would dare to invade. And not one dared.

Fort James © Tim Degavre

Brief History Of Antigua & Barbuda

The Golden Book of Antigua and Barbuda

Brief History Of Antigua & Barbuda

1736 revolution are the heroes of today’s independent Antigua and Barbuda. Many of the 1736 revolutionaries were also exiled to St. Croix and St. John in the Danish Caribbean, where they later fomented revolts against the injustices in these islands. Political agitation has become an export of Caribbean society, especially in North America. Many of the 20th Century fighters for democracy and civil rights in the USA and Canada are descendants of Caribbean immigrants themselves.

Slavery Dies and Freedom Thrives King Sugar is Born Sugar became a valuable New World export, and proved itself to be even more profitable than precious metals. Inflation, experienced in Spain for the first time, by 1700 caused many European entrepreneurs to look to the more successful British, who had focused on commodity exports, including the forced shipment of human cargo from West Africa. Antigua’s astute leaders switched to sugarcane production. Barbuda, having been made the exclusive domain of the Codrington family in 1691, when King William III made a grant of the Arawaks’ home to his favourite General, switched to being a place for provisioning estates in Antigua. Huge turtles were caught and slaughtered regularly for their rich protein; fallow deer, introduced by the British, multiplied thereon and supplemented the fish diet of

Barbuda’s masters and slaves. In 1736, the overworked, unpaid, ill-housed, ill-fed and illiterate Antigua black people staged their first organized revolution. It antedated the American Revolution by four decades and it preceded the successful Haitian Revolution by sixty-eight years. The Legend of the Ravine, as one writer one century later called it, was a brave attempt by the ill-treated Antiguan blacks to change their destiny. Unfortunately, the plan to eliminate their oppressors was inexplicably betrayed by a fellow slave, who was a mute. More than 120 men and women were executed for their role in planning the rebellion. However, despite the tragic fate of the slaves, the brave leaders of this

The horrific feelings of indifference to slavery, which is evident in 18th century West Indian societies and displayed by Antigua and Barbuda’s captains of the sugar industry was coming to an end in England. Protestation in the European country caused a ban on slave trading in 1807 and further resulted in the outlawing of slavery by 1834. The absentee owners of West Indian estates living in England, would have wanted the horrendous system to endure forever. Their managers in Antigua and Barbuda had been

paid to do a job and bemoaned slavery’s demise. The brutal oppression that was required of these managers seemed to attract a certain personality type that has disappeared in Europe, but still seems evident among new World Military coup plotters. Slavery’s demise saw the invention of new types of oppression. However, the inventiveness of the transformed African surpassed the attempt to ensure his permanent foreclosure from participation in the managing of Antigua and Barbuda’s affairs. The Moravian and the Methodist Churches not only brought liberation theology to the Antigua and Barbuda people in the post-slavery period, but they also brought education and learning. The Moravians were especially generous. They established schools and a teachers’ training college. A surplus of teachers caused their export to other English-speaking West Indian to win a Nobel Prize, Sir Arthur Lewis in 1979, was actually the son of two Antiguan teachers transferred St. Lucia in the early 20th century. It was only when slavery died, that wealthcreation exploded in Antigua and Barbuda. Freedom immediately followed its footsteps.

Brief History Of Antigua & Barbuda

The New Antigua and Barbuda is Born In 1939, following two decades of righteous dissatisfaction among the population that peaked in 1918, and again in 1938, the first trade union was born in Antigua and Barbuda. World War II, the 1939-45 conflagration in Europe that severely weakened the European colonizers and secured that hegemony of the USA, contributed to the Antiguan’s and Barbudan’s rejection of the invincibility of the British Empire. With no assistance from a weakened Britain to suppress legitimate demands for improved working conditions; and with a demand for labour in London, New York, Boston, and other places, there occurred a shift in the balance of power between labour and capital. The Trade Union movement in the Englishspeaking Caribbean was inspired by the anti-colonial struggle that erupted in India, and later spread to Africa and throughout Asia.

India won her independence in 1947 and Ghana won hers in 1957. The birth of the United Nations in the aftermath of World War II, the rise of the doctrine of self-determination, and the magnificence of Antigua and Barbuda’s leaders in the decade of the 1940’s, spelled the end of minority rule. In 1951, adult suffrage became the law of the land, and the three hundred-yearold parliament in Antigua and Barbuda was dominated by men of a darker hue who cherished freedom immensely. The year of 1967 ushered in a new era of management when two descendants of African slaves became the Governor of Antigua and Barbuda, and the Head of Government. The 1960 UN Resolution #1514 had declared colonialism unlawful, and had fixed a timetable for the self-determination of the world’s unfree, Antigua and Barbuda included. In that same year, the consummation of a deal to

The Golden Book of Antigua and Barbuda

purchase the holdings of the sugar company, including its lands, factories, and markets, made Antigua and Barbuda as unusual little country. It was the Government who owned the means of production. Quarrels and squabbles soon followed, and the political fabric in Antigua and Barbuda was torn into shreds. However, a new government in 1971 set off on a different path; scuttling sugar and elevating tourism to new heights. The change itself was an arduous one, but in 1976, a new government was elected, and the Antigua and Barbuda economy has been on an upward trajectory ever since.

Independence, Economic Miracles, the Future November 1, 1981, marked a new and decisive period in the history of the modern Antigua and Barbuda. Two hundred and forty-five years to the day, when the spirit of a new Antigua and

Barbuda was gibbeted in Ottos pasture by those who wished for slavery to continue ad infinitum, a new and independent state was born. It became the 157th nation-state to sit in the Assembly of the United Nations, to raise its own flag and to set out on its self-chosen economic and development path. While the global warming phenomenon threatens to disrupt its economic fortunes, Antigua and Barbuda’s development results have been miraculous. Literacy is 90%, life expectancy rates match any developed country’s, and per capita annual average income stands in excess of US $10,000.00. The United Nations Human Development Index recently placed Antigua and Barbuda 29th, among 181 independent states. That is no mean achievement. Antigua and Barbuda’s future is sure to be good, providing that the stewardship of the country’s environment is invested with sensible policies, and the state’s foreign policy stands guard over its natural assets. For what began its modern era as a marker on a map, too small to be considered useful in 1493, Antigua and Barbuda has become a place which draws more than one-third of its workforce from other countries and applications for citizenship from people of more than 80 other countries. Antigua and Barbuda offers a high standard of living, a peaceful existence free of serious crime, and a breeding place for intellects willing to utilize the new technologies for a better life. Her future is to be as glorious as much as her colonial past was inglorious.

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Tourism

The Golden Book of Antigua and Barbuda

Tourism Verandah Resort © Elite Island Resorts

Overview of Sector Tourism in Antigua and Barbuda began in the 1940’s, with

The tourism industry, as represented by hotels, restaurants

the opening of the Antigua Beach Hotel, and then the White

and affiliated services, is now the largest economic

Sands Hotel, which were both located in Hodges Bay on the

sector in Antigua and Barbuda. Its contribution to overall

Northern side of the island. The tourist industry in Antigua and Barbuda was among the first to be developed within the Eastern Caribbean, and is presently ranked as one of the largest in the

and manufacturing. Estimates indicate that with the revitalization of tourism since 2001, the contribution of all tourism services to GDP consistently exceeds 50%.

region. The geographical position of the island makes it

Tourism is the largest earner of foreign exchange in

a strategic first stop or last landfall for both aircrafts and

Antigua and Barbuda. It is estimated to be the largest

pleasure yachts crossing the Atlantic.

employer, when both direct and indirect services to the

The Antigua and Barbuda tourism industry saw significant growth in the late 1970s and 1980s, with the advent of new island-wide hotel construction, the redevelopment of St. John’s waterfront, and the enhancement of major tourist attractions such as Nelson’s Dockyard. Over the years, the tourism sector has emerged with top quality inventory, with a range of properties from international resorts to boutique hotels totaling over 3,500 rooms in over 75 properties. As we move forward

economic activity is several times larger than agriculture

in the 21st Century, the sector continues to grow significantly. In 2007, Antigua and Barbuda’s tourism arrivals totaled 261,785 stayover visitors and over 500,000 cruise passengers from 440 cruise calls.

sector, are combined. Surveys on employment in various accommodation establishments suggest that approximately 8,000 workers or 26% of the total labour force are employed in hotels, guest houses, apartments and villas. It is estimated that the sector is responsible for creating a further 3,000 jobs in related areas throughout the economy. Furthermore, hotels and restaurants in Antigua and Barbuda have significantly stimulated the growth of other sectors in the country. The Wholesale and Retail Trade Sector illustrates this point, as it has grown parallel with an ever-expanding tourism industry. The purchase of goods and services by tourism establishments and the visitor population has generated a level of imports that exceeds the demands of the domestic population. This has given

The three principal source markets for stay over visitors

rise to the establishment of a wide range of general and

to Antigua and Barbuda are the United Kingdom, the

specialty enterprises supplying goods and services to the

United States and other islands in the Caribbean. Within

accommodation sector and directly to the visitor population.

continental Europe, France, Italy and Germany are of some relative significance.

The Golden Book of Antigua and Barbuda

Tourism

In keeping with other Caribbean destinations, the cruise sector has been extremely dynamic. In spite of the fluctuations in the actual numbers of passengers, the cruise lines still supply the largest group of visitors. Two recently constructed piers in the capital city of St. Johns provide berthing facilities capable of accommodating four of the largest and most modern cruise liners at the same time. There are four marine facilities and ports of entry that cater to smaller sailing vessels and yachts. In addition to providing anchorage and mooring facilities, our modern dry-docking and engineering services make Antigua and Barbuda an internationally recognized Caribbean destination of choice among veteran yachtsmen.

Highlights The Antigua tourism product typifies dream vacations in the Caribbean – beautiful beaches, hospitable people and a welcoming, warm climate. The tourism industry presently welcomes over half a million air-arrivals and cruise passenger tourists. Our tourism product includes an active yachting sector, based primarily in Nelson’s Dockyard and Falmouth Harbour. With hurricane-safe moorage, Antigua has long held an important position in yachting in the Caribbean. Adding to its attraction for yachtsmen and visitors is the beauty of Nelson’s Dockyard itself – one of the last remaining Georgian dockyards in the world. A key feature of the yachting product is Antigua Sailing Week, which attracts sailing enthusiasts from around the world. The product highlights the country’s beaches, and a wide variety of water-based activities including diving, snorkeling, sailing and fishing. It also consists of historical sites and attractions, which contain military and naval fortifications and architecture. Antigua and Barbuda is blessed with an abundant diversity of heritage sites. There are over 60 prehistoric sites of ancient Amerindian settlements, and numerous former sugar estates.

To a large extent, the high level of spending by stay-over visitors is due to the characteristics of the accommodation sector, since the majority of rooms are concentrated in large resort hotels. Beyond the hotels, there are variety of restaurants which contribute to the present levels of expenditure, when added to the casinos and other entertainment. The tourism sector is able to draw upon a highly literate population for its labour force. In addition, a Hospitality Training Institute provides formal instruction in areas of customer services, hotel crafts and middle management. The major properties also offer in-house programmes to enhance the skills and the productivity of their staff. Antigua and Barbuda’s international airport plays a vital role in the viability of the tourism sector. Not only does it benefit Antigua and Barbuda, but it also helps to promote other islands of the eastern Caribbean. Its strategic geographical position makes it a hub for transatlantic flights and feeder services for small eastern Caribbean countries. Antigua’s airport passenger traffic is over 380,000, which exceeds Antigua’s actual stay over visitor count. Refurbishments at the V.C.Bird International Airport in 2007, the

Antigua and Barbuda’s tourism product is geared towards

resurfacing of the runway in 2008, along with a major

the high-end tourism market. This objective has been met

refurbishment including a new terminal building reflect

with obvious success, as the average expenditure by stay-

the increasing importance of Antigua as a location for

over visitors is among the highest in the Caribbean after

the development of air transportation services.

other destinations such as the Turks and Caicos Islands, Bermuda, Anguilla and Barbados.

From the perspective of visitor profits, it is interesting to note that the incidence of arrivals to the island by private airplanes reportedly exceeds all other reporting

destinations in the region, providing further indication of the high value tourist Antigua and Barbuda attracts.

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Tourism

The Golden Book of Antigua and Barbuda

The Caribbean island has now become one of the more

Opportunities

popular ports of call for cruise vessels. The comparatively

Tourism is positioned to make a significant contribution

flat terrain of the island allows tours and visits to the

towards the conservation of Antigua and Barbuda’s

various attractions to be completed within the normal shore

environment, as well as towards the protection of

time for passengers. The location of a dedicated duty-free

the island’s heritage, and cultural resources. Tourism

shopping complex, and a casino in the immediate vicinity of

markets today expect destinations to be environmentally

the berths, also add to the attractiveness of the destination,

conscientious, and are more interested than ever in an

contributing to its popularity.

“educational” experience through cultural activities.

Antigua and Barbuda have been relatively successful in

Investment opportunities are plentiful in cultural and

moderating seasonal swings in their arrivals. As with other

natural resource protection, since such preservation can

tropical destinations depending on countries with winter

provide benefits to the tourism sector. Projects such as

weather as their main source markets, the November-April

the development of national parks and the promotion of

period is clearly the more popular with 56% (2007) of the

cultural events have the ability to generate significant

total stay over visits. However, the reduction in the ensuing

revenue, and also lead to greater awareness among the

months is not dramatic. The staging of events such as

resident population of its history and culture.

the world renowned Antigua Sailing Week in early May, international cricket in March-May, and the island’s carnival in early August have all helped to even out the flow of arrivals across most months of the year.

Antigua and Barbuda is capitalizing on the emerging trends of soft adventure travel, cruise tourism and cultural tourism, and is expecting to increase its expenditures by visitors on activities and experiences. This, in turn, would result in more business

Antigua and Barbuda continues to develop a range of

opportunities for smaller tourism enterprises, as well as a more

events and activities that provide unique experiences

active small business community serving tourism industry and

for international visitors. June 2008 saw the successful

tourism markets. It will also provide greater possibilities for

introduction of the Romantic Rhythms International Festival.

new business development, and offer greater potential for local

Destined to become an annual event, this will draw

involvement in tourism beyond employment.

international visitors to the island at an otherwise quiet period of the year.

The Government of Antigua and Barbuda, in recognizing the development needs facing the country, has provided

Sporting events are also playing a more prominent role in

interested investors a package of incentives inclusive of tax

the tourism calendar. In addition, music and DJ festivals

holiday, and duty and consumption tax exemptions. This

ranging from gospel to calypso continue to draw many from

special package was created to encourage, in particular,

the Caribbean and further abroad.

the growth of accommodation sector.

37 Jolly Harbour

The Golden Book of Antigua and Barbuda

Tourism

Laws and Regulations The legal basis for tax holidays for investors is codified in the Fiscal Incentives Act. Final approval to grant the concessions, as well as the extent of these concessions, resides with the Cabinet of Ministers.

Investment Incentives • A tax holiday of 5 to 15 years is available for new projects within a 5-year extension under certain circumstances. Relief is given from customs, duties and other indirect taxes, such as the Consumption Tax, on imports of materials and equipment employed in the construction and operation of the facility; • Capital and earnings can be repatriated; • Hundred per cent foreign ownership is permitted; and • A guaranteed number of work permits are provided for foreign nationals. However, over and above this number, application has to be made to the relevant Ministry of government. Antigua and Barbuda aims to continue to develop a Caribbean tourism experience that is consistent with the

Sandals Grande Antig

cultural, social and economic philosophy of the Government

Criteria for Investment or to Operate Business

and its people. We welcome you to join us in these exciting developments and to invest in a positive future.

Antigua and Barbuda’s internationally competitive tourism product must provide quality services and experiences along the service chain. The private sector has accepted its role in the detailed development of the tourism product. Government is seen as the enabler, as it creates the legislative/fiscal framework which encourages private sector, and community participation in tourism development. Incentives are provided at all levels of the tourism service chain. Priority incentive attention will be given to the enhancement of the presentation of local culture and entertainment in all hospitality facilities- including hotels and restaurants. This type of support will also be extended to communities and NGO’s involved in the staging of environmental, sports and cultural events that have visitor attraction potential. Specific arrangements for encouraging and promoting investment opportunities in Antigua and Barbuda are as follows:

For more information, please contact: The Department of Tourism Queen Elizabeth Highway St. John’s, Antigua West Indies Tel: 268 462-0480

Tourism Statistics

The Golden Book of Antigua and Barbuda

Tourism Statistics VISITOR ARRIVALS by Source/Year 2001

Source/Year

2002

2003

2004

2005

2006

2007

United States

60,176

60,680

64,383

70,534

66,644

73,497

78,697

Canada

12,839

10,184

8,603

9,452

9,571

10,053

10,489

United Kingdom

67,785

72,401

83,447

98,101

90,568

83,447

96,797

Other Europe

10,330

9,506

15,218

15,241

15,167

17,123

18,651

Caribbean

34,260

37,371

39,843

48,335

48,189

59,004

50,315

7,786

8,043

12,558

4,134

8,665

10,555

6,836

Total Stayover Visitors

193,176

198,085

224,032

245,797

238,804

253,679

261,785

Cruise Visitors

408,812

312,241

385,686

522,753

466,851

471,622

672,788

TOTAL VISITORS

601,988

510,326

609,718

768,550

705,655

725,301

934,573

Rest of the World

Notes: 1. Stayover Visitors do not include Antiguans Resident Abroad; 2. Total Arrivals exclude “Other Sea Arrivals” and Excursionists Source: Ministry of Tourism

Hotel Occupancies 2007 Jan

Feb

March

April

May

June

July

August

Sept

Oct

Nov

Dec

77.0%

85.9%

74.1%

68.5%

67.5%

57.8%

58.6%

55.0%

46.4%

55.0%

73.2%

67.8%

Source: A.H.T.A.

Three fun locations, same great taste!

High Street: 481-1541 Fort Road: 481-1531 Old Parham Road: 48 1-

1527 39

The Golden Book of Antigua and Barbuda

Antigua Hotel & Tourist Association

P.O. Box 454, Island House Newgate Street, St John’s, Antigua Tel (268) 462.0374 | Fax (268) 462.3702 E-mail ahta@candw.ag www.antiguahotels.org

ADMIRAL’S INN P O Box 713 English Harbour St. John’s, Antigua Tel: 268 460 1027 Fax: 268 460 1534 admirals@candw.ag www.admiralsantigua.com

ANTIGUA VILLAGE CONDO BEACH RESORT P O Box 649 Dickenson Bay St. John’s, Antigua Tel: 268 462 2930 Fax: 268 462 0375 antiguavillage@candw.ag www.antiguavillage.net

ANTIGUA’S YEPTON ESTATE COTTAGES PO Box 1448 St. John’s, Antigua Tel: 268 463 8689 Fax: 268 560 8698 cottages@yepton.com www.yepton.com

ANTIGUA YACHT CLUB MARINA RESORT Falmouth Harbour Tel: 268 460-1544 Fax: 268 460-1444 aycmresort@candw.ag www.aycmarina.com

BLUE ESCAPES PO Box W114 Woods Centre St. John’s, Antigua Tel: 268 560 7135 info@antigua-villa-rentals.com www.antigua-villa-rentals.com

BLUE HERON by Rex Resorts PO Box 1715 Tel: 268 462 8564 Fax: 268 462 8005 rbheron@candw.ag www.rexresorts.com

BLUE WATERS ANTIGUA P O Box 256 Soldier Bay St. John’s, Antigua Tel: 268 462 0290 Fax: 268462 0293 bluewaters@candw.ag www.bluewaters.net

CARLISLE BAY CLUB P O Box 1515 Old Road St. John’s, Antigua Tel: 268 462 1377 Fax: 268 462 6686 info@carlisle-bay.com www.carlisle-bay.com

COCOBAY P O Box 431 Valley Church St. John’s, Antigua Tel: 268 562 2400 Fax: 268 562 2424 cocobay@candw.ag www.cocobayresort.com

COCONUT BEACH CLUB PO Box 1427 Yepton Estate St. John’s, Antigua Tel: 268 462 2520 Fax: 268 462 3240 reservations@coconutbeach.com www.coconutbeachclub.com

COCOS PO Box 2024 Mount Prospect St. John’s, Antigua Tel: 268 460 2626/462 9700 Fax: 268 462 9423 cocos@candw.ag www.cocoshotel.com

COPPER & LUMBERSTORE HOTEL PO Box 184 English Harbour St. John’s, Antigua Tel: 268 460 1058 Fax: 268 460 1529 clhotel@candw.ag www.copperandlumberhotel.com

CURTAIN BLUFF HOTEL P O Box 288 Old Road St. John’s, Antigua Tel: 268 462 8400 Fax: 268 462 8451 curtainbluff@curtainbluff.com www.curtainbluff.com

ELLEN BAY COTTAGES Seatons Village St. Phillip’s, Antigua Tel: 268 561 2003 ellenbaycottages@yahoo.com www.ellenbaycottages.com

GALLEON BEACH CLUB P O Box 1003 English Harbour St. John’s, Antigua Tel: 268 460 1024 Fax: 268 460 1450 galleonbeach@candw.ag www.galleonbeach.com

GALLEY BAY PO Box 305 Five Islands St. John’s, Antigua Tel: 268 462 5601 Fax: 268 562 2367 galleybay@candw.ag www.eliteislandresorts.com

GRAND PINEAPPLE BEACH PO Box 2000 Long Bay St. John’s, Antigua Tel: 268 463 2006 Fax: 268 463 2452 www.grandpineapplebeachresort. com

GRAND ROYAL ANTIUGAN BEACH RESORT PO Box1322 Deep Bay St. John’s, Antigua Tel: 268 462 3733 Fax: 268 462 3728 reservations@grandroyalantiguan. com www.grandroyalantiguan.com

HALCYON COVE by Rex Resorts PO Box 251 St. John’s, Antigua Tel: 268 462 0256 Fax: 268 462 0271 rexhalcyon@rexresorts.com www.rexresorts.com

HAWKSBILL by Rex Resorts PO Box 108 St. John’s, Antigua Tel: 268 462 0301 Fax: 268 462 1515 hawksbill@candw.ag www.hawksbill.com

Antigua Hotel & Tourist Association

The Golden Book of Antigua and Barbuda

HERITAGE HOTEL P O Box 1532 Heritage Quay St. John’s, Antigua Tel: 268 462 1247 Fax: 268 462 1179 heritagehotel@candw.ag www.heritagedowntown.com

HERMITAGE BAY PO Box 60 Jennings New Extension, St. John’s, Antigua Tel: 268 562 5500 Fax: 268 562 5505 www.hermitagebay.com

HODGES BAY CLUB PO Box W1273 Hodges Bay St. John’s, Antigua Tel: 268 462 1962 Fax: 268 462 1333 reservations@hodgesbayclub.com www.hodgesbayclub.com

JOLLY BEACH VACATIONS P.O. Box W2009 Bolans Village, St. John’s, Antigua Tel: 268 562 5185 Fax: 268 562 5184 info@jollybeachvacations.com www.jollybeachvacations.com

JOE MIKE’S HOTEL P O Box 136 Nevis Street St. John’s, Antigua Tel: 268 462 1142 Fax: 268:462 6056 joemikes@candw.ag

JUMBY BAY RESORT P O Box 243 Long Island St. John’s, Antigua Tel: 268 462 6000 Fax: 268 462 6020 jumbybay@rosewoodhotels.com www.rosewoodhotels.com

JOLLY BEACH RESORT P O Box W2009 Bolans Village St. John’s, Antigua Tel: 268 462 0061 Fax: 268 562 2117 info@jollybeachresort.com www.jollybeachresort.com

LIGHT HOUSE BAY RESORT Low Bay Codrington, Barbuda Tel: 268 562 5331 Fax: 268 562 1481 Lhbresort.com

LONG BAY HOTEL P O Box 442 Long Bay St. John’s, Antigua Tel: 268 463 2005 Fax: 268 463 2439 longbay@candw.ag

LUSH LOCATIONS PO Box 176 Jolly Harbour St. John’s, Antigua Tel: 268 462 7772 info@lushlocations.com www.lushlocations.com

MARINA BAY RESORT P O Box 1187 Runaway Bay St. John’s, Antigua Tel: 268 462 3254 Fax: 268 462 2151 marinabay@candw.ag www.marinabayantigua.com

OCEAN INN P O Box 838 English Harbour St. John’s, Antigua Tel: 268 463 7950 Fax: 268 460 1263 oceaninn@candw.ag www.theoceaninn.com

OCEANIC VIEW EXCLUSIVE VACATION COTTAGES Freeman’s Village St. George’s, Antigua Tel: 268 562 6500 Fax: 268 462 0753 oceaniccottages@hotmail.com www.oceanicviewantigua.com

SANDALS GRANDE ANTIGUA RESORT & SPA P O Box 147 Dickenson Bay St. John’s, Antigua Tel: 268 462 0267 Fax: 268 462 4135 sandals@candw.ag www.sandals.com

SIBONEY BEACH CLUB P O Box 222 Dickenson Bay St. John’s, Antigua Tel: 268 462 0806 Fax: 268 462 3356 siboney@candw.ag www.siboneybeachclub.com

ST. JAMES’S CLUB PO Box 305 Mamora Bay St. John’s, Antigua Tel: 268 460 5000 Fax: 268 460 3142 reservations@eliteislandresorts. com www.stjamesclubantigua.com

SUNSAIL CLUB COLONNA P O Box W1892 Hodges Bay St. John’s, Antigua Tel: 268 462 6263 Fax: 268 462 6430 colonna@candw.ag www.sunsail.com

THE CATAMARAN Falmouth St. John’s, Antigua Tel: 268 460-1036 Fax: 268 460-1506 catclub@candw.ag www.catamaran-antigua.com

THE INN AT ENGLISH HARBOUR P O Box 187 English Harbour St. John’s, Antigua Tel: 268 460 1014 Fax: 268 460 1603 theinn-gm@candw.ag www.theinn.ag

THE VERANDAH RESORT AND SPA PO Box 54, Long Bay St. John’s, Antigua Tel: 268 562 6848 Fax: 268 562 6849 verandah.resorts@candw.ag www.verandahresortandspa.com

TRADE WINDS HOTEL PO Box 1390, Dickenson Bay St. John’s, Antigua Tel: 268 462 1223 Fax: 268 462 5007 www.twhantigua.com

WILLOUGHBY VILLA PO Box 12, All Saints St. John’s, Antigua Tel: 268 463 9268 jetjem@candw.ag

The Golden Book of Antigua and Barbuda

Cruise Tourism Antigua & Barbuda Is On The Move

Cruise Tourism © ABIA

Antigua & Barbuda is on the Move

________________________________ by Nathan Dundas

Cruise Tourism is certainly now a permanent part of Antigua & Barbuda Tourism Landscape. The cruise season 2006 /2007 was a very successful one for the various stakeholders in A&B. We recorded a record of eight (8) Inaugural calls into A&B – that is 8 new ships making calls for the 1st time in our twin Island state. Not many ports of calls in the World could have claimed that distinction. Our marketing efforts continue to be very aggressive to the Cruise Lines executives as we ensure A& B presence at every important tradeshow & Cruise conventions. At the three main conventions each year – The Florida Caribbean Cruise Association October of every year, The Miami Sea trade Convention in March of every year and the Sea trade Europe Convention in November every year – A&B are very well represented as we highlight one of the best destinations in the World for visitors.

The 2007 summer was also one of our best in a number of years as this summer period from May 1st to Oct31st we saw seven Cruise call per month in Antigua during those months. This was a dramatic increase from the two cruise calls per month that we had for the past three years. The latest statistics that we have received so far from the FCCA statistics indicate that Antigua is #1 in the OECS in total expenditures from the Cruise Lines with over US$ 41 million dollars spent by the Cruise Lines in Food & Beverages, Port Services, Port fees & taxes. We also recorded the highest number in the OECS for the average spend by passengers and crew as survey revealed the average passenger was spending US$ 84.00 and the average spend by the Crew was US$ 52.00 per crew.

We recorded over six hundred and twenty Thousand (620K) Passengers for the year 2006/7. Cruise Tourism continues to play an important part in creating employment for local Antiguans as it is spurning entrepreneurship among many local businesses. The benefits of Cruise Tourism are spreading significant benefits to many small operators in the country. The new season 2007/8 promises to be Just as good as 2006/7 as we already have recorded bookings for another four new cruise ships calling for the 1st time in A&B. The projected passenger numbers is going to top the 800k mark for the 1st time. Additionally The Minister of Tourism the Hon. Harold Lovell and Mr. Nathan Dundas the President of A& B Cruise Tourism Association recently concluded the signing of a three ( 3) year contract with Carnival Cruise Lines for the weekly call every Friday of the Carnival Destiny cruise ship.

For the Year commencing October 2007- October 2008 it is expected that A&B will be receiving approximately 434 Cruise ships calling . The top five Cruise Lines will be topped by Carnival Cruise Lines expecting to make approximately 80 calls followed by Royal Caribbean Cruise Lines approximately 76 calls Norwegian Cruise Lines approximately 50 calls , Princess Cruise Lines approximately 49 calls and P&O Cruise Lines with approximately 32 calls. “We have to continue to create the opportunities for our people to benefit from the Tourism Industry including the Cruise Tourism Industry.”

Nathan Dundas, ABCTA’s President is very optimistic. “Antigua & Barbuda is perfectly positioned to continue as one of the main destination in the Caribbean for the Cruise Industry. It’s important that we manage effectively the growth that we have achieved”.

Marina Bay

Quietly situated on Corbinsons Point, between Dickenson and Runaway Bays, Marina Bay captures the Caribbean the way you always dreamed it would be. Tastefully appointed, fully furnished studio, super studio units and one and two bedroom suites provide luxurious comfort just steps away from the crystal-clear Caribbean Sea. Each unit features private bath, air-condtioning, private balcony/patio, fully equipped kitchen, direct dial telephone and cable TV.

Corbinsons Point, Dickenson Bay PO Box W1187, St. John's, Antigua Tel: (268) 462-3254 Fax: (268) 462-2151 E-mail: marinabay@candw.ag Website: www.marinabayantigua.com

The Catamaran Hotel Pool • Beach • Restaurant • Bar Family operated since 1968 Next to Catamaran Marina

PO Box 958, Falmouth Harbour Tel 1.268.460.1036 | Fax 1.268.460.1339 catclub@candw.ag www.catamaran-antigua.com

The Golden Book of Antigua and Barbuda

The Museum Of Antigua And Barbuda

The Museum of Antigua and Barbuda Long Street, P.O.Box 2103 St. John’s, Antigua 1-268-462-1469/462-4930 museum@candw.ag www.antiguamuseums.org

The Museum of Antigua and Barbuda A visit to Antigua and Barbuda is not complete without a visit to the island’s Museum, which is situated on Long Street in St. John’s. The Museum is operated by a non-profit organisation known as the Historical Society, and was established in 1985, with a mandate to preserve the island’s history and heritage.

Visitors will feel entranced by the

charged to every slave owner towards

enlightening exhibitions that the

the expenses of the construction. In

museum has to offer. The various

the olden days, Antigua’s Court of

showcases chronicle momentous

Justice was held on the ground floor of

events in Antigua’s history, such as

the museum, with society balls, fund-

the advent of the Amerindians, the

raisers, and bazaars being held after

Colonial Era, and the Emancipation

working hours.

of the slaves. As soon as one sets foot into the building, one will feel as

The upstairs space was used as a

though they have been mysteriously

meeting place for the Council and

transported into a bygone world-

Assembly of the Leeward Islands.

a world where Arawaks once

It was in this space, throughout

built wooden canoes near the sea,

the centuries, that many laws had

and where the whispers of slaves

been made and ammended for the

can be heard, recounting their

government of the colonies.

tales about life on the plantations. The Museum of Antigua and The Museum of Antigua and

Barbuda also presents visitors with a

Barbuda is housed in the original

collection of vestiges belonging to old

1750 Court of Justice building, which

shipwrecks, and military fortifications.

is one of the oldest standing buildings

Information on Antiguan War Veterans,

in St. John’s. The structure is of Neo-

Sugar Factories and Trade Unionism

Classical design by architect Peter

gives an overview of the island’s

Harrison, and was built from a type of

social and political development. The

stone quarried from many off shore

museum also hosts a comprehensive

islands, which surround Antigua.

heritage education programme, which guests will find very interesting.

The building itself possesses historical

Museum staff dress up in period

value. On Sunday markets, a tax was

costumes on special occasions.

The Golden Book of Antigua and Barbuda

National Parks – History Of Dockyard

National Parks

– History of Dockyard

Photo by Torri/Stanford Financial Group

he south coast of Antigua has been described by geologists as an ancient eroded volcanic landscape. The coastline is deeply indented with numerous bays, flanked by steeply rising highlands. The water is deep but in a few places, barrier reefs rise to protect the coastline and beaches. From Mamora Bay in the east to Carlisle Bay in the west, 12 square miles of this scenic coastal landscape was declared a protected area and today, it carries the name of its historical center and the birth place of the yachting industry in the region; the Nelson’s Dockyard National Park. The Nelson’s Dockyard is one of the true heritage gems of the Caribbean that can be described as a facility trapped in the Age of Sail. It developed early in the 18th century as a port for shelter during the hurricane season, and then from the 1720’s a major dockyard for refit and repair of British Naval vessels stationed in the Eastern Caribbean. The dockyard grew in importance after the American War of Independence and British ships

lost access to their former ports in North America. The turbulent years of the French Revolution and its increasing threat to European stability, followed by the rise of Napoleon and his ambitions of European conquest added to the need for Great Britain to protect her lucrative sugar colonies. The dockyard at English Harbour provided a strategic military advantage since Britain could keep and maintain a squadron of ships in the Eastern Caribbean even in the hurricane season. Many now famous naval officers, including Admirals Vernon, Collingwood, Nelson and Hood, visited the dockyard in the troubled years of the 18th century and left their names in the historical fabric of the yard. The dockyard was finally abandoned as a naval facility in 1890, partly because the new large steam-driven ironclad war ships could not enter the narrow protected waters of English Harbour, and partly because economic interests and world politics had

shifted to other regions of the world. The sugar islands of the Caribbean were no longer of economic importance to Europe; the dockyard was now obsolete. However, the highlands surrounding the dockyard continued to be utilized as lookout stations until the end of WWII. To protect the dockyard, the surrounding highlands had been heavily fortified in the late 18th century. These hills were crucial for communication as they provided an ideal vantage point to observe ships approaching the island from the south and east and signal stations were positioned to relay information to other observation posts around

the island. The nearby French island of Guadeloupe could also be observed. The entire island and military fortifications could be alerted to any threat in minutes by the relay signals from Shirley Heights and Monk’s Hill Great George forts and this system continued during the First and Second World Wars. Submarines were active in the region and with a large American base established on the northeast of Antigua, there were concerns in times of war. In the 18th century, most of the hills along the ridge of these highlands were extensively fortified and many barracks built to house soldiers of numerous British Regiments that were sent to the Caribbean. For many of these soldiers, it was their last

National Parks – History Of Dockyard

The Golden Book of Antigua and Barbuda

posting, for yellow fever, malaria and other tropical diseases that were prevalent at the time sent many to an early grave. Collectively, the rich history of the Nelson’s Dockyard National Park creates a unique environment with many layers to explore depending on ones interest. Beyond the military and naval heritage sites and numerous preColumbian sites, plantations and unique geological formations such as Bat’s Cave that allegedly leads to Guadeloupe. These historical and archaeological interests have kept the research department of the National Parks busy for many years now. To maximize on the research opportunities, the Dockyard Museum has developed research partnerships with a few select Universities and Museums in the United States and Canada. Parks archaeologists currently supervise three archaeology field schools annually and manage a number of volunteer programs. This activity is generating a large volume of new information and has enriched the collections of the museums of Antigua and places the National Parks research sector at the cutting edge of research in the Eastern Caribbean. The museum also works closely with the restoration and construction departments of the dockyard, documenting restoration projects, and in doing so learning about Georgian engineering methods and practices. The recently

completed Seawall Restoration Project is an example of this. More recently, the Joiner’s Loft, Saw Pit Shed and Pay Office buildings have been completely restored by the National Parks. These projects were also monitored and documented by the research department and added to the historical timeline of the dockyard. In keeping with its mandate of conservation and restoration, the National Parks launched a major restoration effort for 2007. This was possible thanks to a new partnership with the Ministry of Tourism and the private sector. As a result, major restoration work was also carried out on Fort Berkeley at the entrance to the harbour and on the Officers’ Quarters at the Lookout on Shirley Heights. Fort Berkeley and its picturesque setting at the entrance to English Harbour are of particular interest to yachtsmen. The increase in hurricane activities and storm surges had damaged the southern walls and gun-platforms; the waves essentially undermining the walls. Many yachtsmen and area residents who occasionally enjoy a quiet moment or sharing a bottle of wine in the evening on the ramparts of Fort Berkeley,

p ford Financial Grou

Photo by Torri/Stan

have been concerned about the decay of the fort and their generosity of financial assistance to the National Parks Authority (NPA) made stabilization of the worst affected areas of the fort possible. Future restoration projects of the NPA will include work on several of the barracks on the ridge of Shirley Heights and the completion of Clarence House. In 2007, the Government of Antigua granted management of historical Clarence House that overlooks the dockyard, to the National Parks Authority. Clarence House is a gem of Caribbean architecture and an important heritage landmark. The restoration of this important site is in the planning process and will begin when funding has been procured. In recent times, the biggest challenge to the Nelson’s Dockyard National Park is the constant pressure by land developers. The success of the Park’s management in maintaining the balance of historical authenticity with the demands and needs of the

modern yachting industry makes the dockyard a popular tourist and yachting destination. The success of the tourism and yachting industry has in turn placed a high demand for land to establish services and for residential development. This has led to a sharp rise in the price of land in the English and Falmouth Harbour area. Fortunately, as a managed, protected area, the lands within the Nelson’s Dockyard National Park were zoned in 1984 in an effort to control development and to ensure the quality and values of the Park are not lost. This often creates issues with developers seeking financial opportunities at the expense of the cultural and natural heritage of the Park. Nonetheless, the Nelson’s Dockyard National Park remains a special place and a “must-visit” destination. If one can manage a few days to explore, the Middle Ground Trail from Ft. Berkeley to Ft. Cuyler and Pigeon Beach, and the Jones Valley Trail from Freeman’s Bay to Shirley Heights are highly recommended for those seeking to get off the boat and to venture about on land. They are well marked and have numerous scenic vistas and photo opportunities. These trails were cut and are maintained by the Royal Naval Tot Club of Antigua; an exceptional group of volunteers with a strong love of history and tradition. For an evening or early morning walk, the view from Look Out and Block House on Shirley Heights and from Fort George on Monk’s Hill are well worth the effort.

Antigua & Barbuda Literary Festival

The Golden Book of Antigua and Barbuda

Antigua & Barbuda

Literary Festival

The Antigua & Barbuda International Literary Festival, begun in 2006, is an annual 3-day celebration of literary arts, with workshops, author readings, book signings and special events in a beautiful tropical setting. The festival, which will be held on 7-9 November 2008, features prominent Caribbean, U.S., British and Canadian authors as well as publicists and publishers. To date more than 65 authors have participated, and the line-up of literary stars for the 2008 Festival will be coming soon. While the festival features many authors from the Caribbean Diaspora, it also includes noted writers in a broad range of genres from poetry, photography and non-fiction to performance arts and drama. The venue in 2008 will be Jolly Beach Hotel, an all-inclusive resort on one of Antigua’s most picturesque beaches. The Festival Village, situated at the northern end of the resort around their Conference Center, will include workshop rooms and a book

store as well as adjacent tents for children’s programs and live entertainment and a beach gazebo for author readings. Among the specific activities planned for the 2008 Festival are: • Youth Day, where talented young writers attend workshops led by noted authors • Two days of workshops on the practical aspects of writing as well as lively discussions on timely literary topics by panels of authors and publicists

A nominal entry fee will give attendees access to the author readings and signings, the book store, children’s activities and entertainment. Each major workshop will then have its own fee, so attendees can select from an “ala carte” menu to tailor their own unique experience of the Festival.

which features all-inclusive accommodations at Jolly Beach Resort as well as admission to the Festival. These will be coordinated by Carib-World Travel in St. John’s, Antigua (268-480-2999).

U.S., Canadian and Caribbean region literary fans can join in all the activities by booking a “Booklovers in Paradise” package,

To find out more about the Festival and see the latest list of authors participating in 2008, go to www. caribbeanliteraryfestival.com.

Carib-World Travel Destination Management Company Specializing in Incentive Travel Friendly • Courteous • Efficient Service

• Author readings on the beach • A Gala Opening Ceremony and reception attended by the Governour General, Prime Minister and government officials of Antigua as well as the authors and Festival participants

Contact Us for Your Travel Needs: Phone: 268-480-2999 Email: info@carib-world.com Web: carib-world.com Ask for Pam or Nicole

• A book sales area sponsored by Best of Books, where participants can obtain books to be signed by the authors. • Children’s activities • Live entertainment

Woods Centre • St. Johns, Antigua and Barbuda

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7/8/08

11:20 AM

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S TA N F O R D A N T I G U A S A I L I N G W E E K

| 42 YEARS A LEGEND

2 6 A P R I L – 2 M AY 2 0 0 9

| ANTIGUA

Stanford Antigua Sailing Week

The Golden Book of Antigua and Barbuda

Stanford Antigua

Sailing Week During April each year yachts from all over the world arrive in English and Falmouth Harbours to participate in one of the major racing events in the world. From small beginnings this event has developed over 40 years to become the pre-eminent yacht racing event in the Caribbean. Although its international status ensures its ongoing fame worldwide. The event is now known as the Stanford Antigua Sailing Week.

nancial Gro

/Stanford Fi

rri Photos by To

Over 200 yachts participate, ranging in size from 25 to over 125 feet. Some are comfortable cruising boats and some are recently-launched, state of the art, high tech racing machines. The sight of all these yachts, both from vantage points on the shore and from sightseeing boats carrying onlookers behind the races is unforgettable. For five days the crews are challenged with windward/leeward races, a race around the island and tacking duels around the buoys â&#x20AC;&#x201C; all set on the deep blue Caribbean

Sea and with sails filled by the ever-present trade winds. Itâ&#x20AC;&#x2122;s a picture perfect setting that is only enhanced as the evening colours brighten the western sky and the sun-burnt, salt-encrusted, weary sailors make their way to the barbecues, steel bands, and rum punches. While hundreds of locals and visitors carry on partying until the wee hours, the crews of the yachts know there is another day of racing out there on the morrow and so they leave the late night revelry for the others to finish. Antigua Sailing Week draws to a close in romantic historic Nelsonâ&#x20AC;&#x2122;s Dockyard with the Beating of the Retreat as the Antiguan flag is lowered, followed by a gala prizegiving award ceremony. This is attended by Governor General, the owners and skippers of the yachts, their crews, friends, well-wishers and race officials. It is a truly fitting end to a week of glorious racing. For more information on the Stanford Antigua Sailing Week 2009 -25th April to 2nd May visit www.sailingweek.com

Heritage Quay

The Golden Book of Antigua and Barbuda

HERITAGE QUAY Duty-free Heritage Quay on

as it is located at the entrance

house more than fifty shops like

claims to have “a suit for every

the waterfront in the Capital

to the pier where passengers

Quin Farara where you can get

body”; a music shop sampling

St. John’s offers a variety of

disembark the ship. The unique

a wide selection of fine wines,

the best in Reggae, Calypso

fashion boutiques, fine jewelry

architecture of Heritage Quay

champagne and local rums like

and Soca and other styles of

houses, restaurants and bars,

is just as interesting as the

English Harbour and Cavalier;

Caribbean music. Clothing

even a Vegas-style casino. This

shopping itself! The two-storey

the famed Sunseekers, the

stores and boutiques offer

open air promenade is a “can’t

buildings bathed with their

largest outlet for designer-brand

everything from resort wear to

miss” for cruise-ship shoppers

pale yellow walls and red roofs

swimwear in the Caribbean and

designer dresses, Tees, jeans,

The Golden Book of Antigua and Barbuda

Heritage Quay

handbags and wallets. Look for name brand shops like Benetton, The Body Shop, Sunglasses

souvenir gift

Hut, Sony, and fine jewelers

items; Shipwreck for locally

like Diamonds International,

crafted miniature steel

Colombian Emeralds

drums, seashells and wood

International and Abbottâ&#x20AC;&#x2122;s where

carvings; Lipstick for all

you can find a collection of

your beauty and fragrance

top-of-the-line watches from

needs; the Heritage Hotel

Tag Heuer, Rolex, Gucci and

for the business traveler,

Omega and quality name brand

and a Tourism Tour Desk and

and before you go, make sure

day winds down and

jewelry and luxury gift items.

Taxi Dispatch Center for all your

you stop at the colorful and

you head back to the ship, stop

Heritage Quay is also home to

transportation and adventure

always vibrant Vendors Mall

by Cheers or Bee-Hive for an

the Linen Shop where you can

needs. Grab a copy of Food

where you will get a taste of the

ice-cold Wadadli or pitcher of

find beautiful hand-embroidered

& Drink Guide Antigua for a

local flavour and can pick up a

local rum punch and enjoy local

linens and cotton items; Rasta

definitive listing of restaurants

T-Shirt, cap or other memory

entertainment and live music at

Pasta for island products and

and bars all around Antigua,

of your visit to Antigua. As the

the Heitage Quay band stand.

Redcliffe Quay

The Golden Book of Antigua and Barbuda

Redcliffe Quay Redcliffe Quay is a quintessential part of the St. John’s experience. Cruise ship passengers can come ashore onto Nevis Street Pier, and take a leisurely stroll along the boardwalk towards the colourful quay, where historic warehouses have been restored to house shops, restaurants and galleries. The quay displays a certain West Indian charm. Brightly painted shutters of quaint shops and sumptuous restaurants are flung open to glittering sea views. Stately banyan and flamboyant trees shade stone walkways that meander around the quay.

Nine West shoes. One can find

with a local touch. For authentic

beautiful Haut Couture designs at

vegetarian food with a Creole

Noreen Phillips Couturiere.

tang, one should visit Mama Lolly’s Vegetarian Café, which

Redcliffe Quay is also home to

provides guests with a seating-

several craft/ souvenir shops and

area beneath the shade of a

galleries, which display a bright

flamboyant tree. Café Napoleon

profusion of local handicrafts,

is famous for its mouthwatering

pottery and art pieces.

salads and freshly made fruit

Jacaranda, on the seafront, as

juices, such as tamarind and

well as Spirit of Nature, both

passion fruit; and CC’s South

possess a variety of imaginative

African Wine Bar offers the best

postcards, paintings and crafts,

wines, aperitifs and South African

The shops of Redcliffe Quay

along with island delicacies such

olives.

range from The Goldsmitty,

as rum cakes and locally-made

where designer Hans Smit

preserves and jellies.

On the practical side, there

presents jewelry of excellent

are a number of commercial

craftsmanship, to Island Woman, Redcliffe Quay boasts a number

institutions and banks in Redcliffe

of delicious restaurants. Big

Quay. The quay offers a range

fashions. Other shops

Banana Holding Company,

of outlets, such as PKB offshore

include designer

also known as “Pizza’s on the

bank, the island’s Fed Ex

name brands like

Quay”, is well-known throughout

representative, and Comnet Ltd.,

Tommy Hilfiger,

the island for its oven-baked

for anyone wanting to check their

Ralph Lauren and

pizzas, and daily specials imbued

email.

with its batik and tropical

The Golden Book of Antigua and Barbuda

Antigua Pier Group

Antigua Pier Group The ANTIGUA PIER GROUP LIMITED (APG Ltd.) operates as a joint venture company with the Government of Antigua and Barbuda, the St. John’s Development Corporation, and Key Properties Limited with the objective to evaluate, develop and secure opportunities for the advancement and sustainable growth of Antigua as a leading cruise ship destination. Fundamental to this objective is the management, upgrading and development of the St. John’s Cruise Complex.

Following a US$22

to improve and enhance

When such

million improvement to

the ambience and

improvements are

the St. John’s Harbour,

viability of the entire St.

completed, cruise

Antigua now boasts two

John’s Waterfront. The

passengers will have

cruise ship docks at

project includes a street,

the luxury of stepping

Heritage Quay and Nevis

sidewalk and signage

directly off the ships

Street, both capable of

program, visitor and

and onto one of the

handling four large cruise taxi centre, pedestrian

most beautiful and

ships of the Voyager

walkways, expanded

ultra-modern ports

Class.

parking facilities,

in the Caribbean. The

upscale designer shops,

Antigua Pier Group

The Antigua Pier Group

boutiques, condominiums through various

and the Government of

and a boutique hotel,

initiatives with the

Antigua and Barbuda

yacht marina and slips,

Government of

are currently planning

restaurants, bars and

Antigua and Barbuda

a comprehensive port

landscaping. There is

is entirely committed

development project

also the potential for the

to meeting the needs

with Royal Caribbean

development of a fifth

of cruise lines and

Cruises Ltd. and the

berth at the Deepwater

cruise passengers and

international engineering

Commercial Port to

preparing for the future.

firm Bermello Ajamil

accommodate the newer

As we like to say, in

and Partners Ltd. The

and larger mega ships,

Antigua, the beach is

development is designed

such as the GENESIS.

just the beginning!

Antigua & Barbuda Port Authority

The Golden Book of Antigua and Barbuda

ANTIGUA & BARBUDA

PORT AUTHORITY In the year 2006, the Port Authority saw a dramatic increase in the cargo throughput at the Deep Water Harbour (DWH) Facility, also the increase in cruise ship berths at the Heritage Quay Pier and the new Nevis Street Pier. There are times when Vessel accommodation at these two cruise ship berths were filled to capacity, the excess vessels, were diverted to the DWH berth.

The above situation caused undue delays and late work from the Cargo Vessel, coupled with the increase in the amount of containers passing through the Port, thus causing congestion on the Port facility. Based upon the above, the Port decided

a company which

would guarantee to a

to upgrade its facility, at

conduct maritime facility

significant growth in the

the Deep Water Harbour

enhancement throughout

National economy.

Design Drawings were

the Caribbean. The objectives of the

submitted by Novaport Vaughn of Canada

The plans called for a finger Pier of 600 ft.

project are: • To enhance the

as an extension of the

cargo throughput

Quay on the western

by reducing the

end. It also called for

dwell time of cargo

an increase eastward

staying on the

from the DWH to the

facility

Bryson Wharf, a new Administration building, additional Transit Shed. Hazardous storage and a complete resurfacing of the facility. It is expected to be completed in 2009.

• The ease if and the reduction in time that consignees take to process documents. • More storage area for the Break

It is envisioned that the

bulk Goods and

impact of this new facility

Containers.

The Golden Book of Antigua and Barbuda

â&#x20AC;˘ A more favorable

especially the good

environment for

performance seen over

doing business with

the past years.

the Port. Since 911 security at The outlook reviews

the Port has improved

specific economic

dramatically to comply

challenges facing the

with the ISPS codes

Port, includes financing,

and other security

facility improvement,

requirements. We have

reinforcing the cargo

been assessed on a

handling and Cruise

constant basis for the up

Tourism sectors

keep and improvement to

acknowledging the

our compliance.

growth in the Region,

Antigua & Barbuda Port Authority

Planning to invest in Antigua? Contact the one professional services firm that can meet all your needs: • Application for concessions; • Immigration services; • Orientation advice; • Tax advice; • Corporate secretarial services; • Assurance and accounting; • Systems selection and implementation. Contact

Charles Walwyn or Robert Wilkinson 11 Old Parham Road, St. John’s, Antigua, West Indies PO Box 1531 Tel: +268-462-3000 Fax: +268-462-1902 e-mail: pwc@candw.ag www.pwc.com

INTERNATIONAL TRAVEL CONSULTANTS Ltd

The #1 travel agency in Antigua, offering the best services and rates in AIR, LAND and RAIL TRAVEL, CRUISES, GROUP TRAVEL and TOURS Also a comprehensive range of Destination Management Services PO Box 346, Cnr Thames & Church Streets St. John’s, Antigua Tel (268) 462-0811/2053/9781 Fax (268) 462-4156 www.itctravanu.com E-mail: itc@candw.ag

Civil Aviation In Antigua And Barbuda

Civil Aviation in Antigua and Barbuda The prominent role of aviation in Antigua and Barbuda’s social and economic life dates back to the closing years of the Second World War when the construction of the Coolidge airfield opened the country to international air travel. Development of the Coolidge Airport was a vital factor in enabling the subsequent growth and development of the country’s tourism and construction industries. The Coolidge airport would subsequently be renamed the VC Bird International Airport in honor of the country’s founding father. Aviation continues to be a central component of the Antigua and Barbuda economy. This is centered on the V.C. Bird International Airport (VCBIA) in the north of the

Antigua, approximately 4.5 miles away from the city of St. John’s. The smaller Codrington Airfield in Barbuda provides the main airplane landing facility in Barbuda. At present, the VCBIA receives regular international scheduled services from American Airlines, American Eagle, Continental, Air Canada, British Airways, US Airways, Delta, Virgin Atlantic, BMI, and Excel Airways.. Non-stop scheduled international services presently exist to and from London, Manchester, Atlanta, Charlotte, and Toronto with direct connections to Miami and New York scheduled for 2008. A number of seasonal and year-round charter operators provide nonscheduled services into

Antigua from various points in the UK, Europe and North America. At the regional level, Caribbean Airlines, the Trinidad based regional airline serves the VCBIA with flights to Jamaica, Trinidad, Barbados, Guyana and other regional destinations Antigua serves as the headquarters and hub for LIAT, the region’s principal inter-island carrier1. Carib Aviation, a major regional charter and scheduled operator is also headquartered at the VCBIA. With the opening

the VCBIA since mid 2007 has been the responsibility of the Airport Authority, a body established by statute for the management and development of the VCBIA. The Airport Authority has The VCBIA also serves as been responsible for a a principal trans-atlantic number of infrastructural gateway for the British improvements and Virgin Islands, Anguilla, upgrades at the VCBIA. Dominica, St. Kitts. and Nevis. Feeder services by Ongoing efforts include the resurfacing of the LIAT, Carib Aviation and runway, expansion of the other operators facilitate smooth and reliable transit apron, and improvement to other island destinations to arrivals and departures areas. Plans are also through the VCBIA hub. in development for construction of a new Administration of of the Emeralds Airport in Montserrat, fixed wing services by WINAIR have resumed with the VCBIA serving as the gateway to Montserrat.

V.C. Bird Passenger Traffic 2003 – 2007 2003

2004

2005

2006

359,742

443,721

425,181

454,403

Departures 364,556

438,709

425,080

446,130

Total Passenger Movements 724,298

882,430

850,261

900,533

Arrivals

2007

Photo by Neil Forrester

The Golden Book of Antigua and Barbuda

Civil Aviation In Antigua And Barbuda

growth in general aviation services with the VCBIA boasting a number of quality service providers to this market. These include the Stanford Aviation In addition to fixed wing Group, FBO 2000/Ports services, Antigua and Services Ltd, and Dispatch Barbuda is also the base for Caribbean Helicopters, a Service (Antigua) Ltd. locally registered helicopter General aviation services service operating helicopters are provided from the VCBIAâ&#x20AC;&#x2122;s Runway 10 area, for aerial sightseeing, with services including charter, and specialist integrated transfer from services from its base at the airport to adjacent Jolly Harbour, including yacht charter facilities. charters to neighboring islands. Antigua is also home to Norman Aviation, a The VCBIA is also the countryâ&#x20AC;&#x2122;s sole air cargo locally registered company facility. Main cargo based at the VCBIA operators include Amerijet, providing pilot training and Federal Express, and certification under license LIAT. Plans are under from the ECCAA. consideration for upgrade and expansion of cargo A particularly significant development has been the facilities for the VCBIA. airport terminal with work likely to get underway by 2009 at a site adjacent to the existing facility.

Antigua and Barbuda is also the headquarters of the regional Eastern Caribbean Civil Aviation Authority (ECCAA) the agency responsible for regulating air transport safety in the OECS2 region. Among the key functions performed by the ECCAA are the inspection and registration of aircraft licensing of pilots, aircraft accident investigation, issuing of airworthiness certificates, and regulation of aerodromes. The ECCAA works closely with the International Civil Aviation Organization (ICAO) and with national counterpart agencies such as the UK Civil Aviation Authority (CAA), and US Federal Aviation Authority (FAA) and Transportation

The Golden Book of Antigua and Barbuda

Security Administration to ensure that civil aviation in the region conforms to international requirements.

facilitated the progressive development of air transport in Antigua and Barbuda over the years.

Economic regulation of civil aviation is the responsibility of the Ministry of Tourism, Civil Aviation, Culture and the Environment. Antigua and Barbuda is party to a number of bilateral and multilateral air service agreements including with the United States, United Kingdom, the Netherlands Antilles, and other Caribbean Community (CARICOM) countries. These agreements generally provide modern and flexible arrangements in areas such as pricing, schedules, and aircraft ownership and have

Applications for air services into Antigua and Barbuda are the responsibility of the Air Transport Licensing Board (ATLB), an inter-agency committee established by law and coordinated by the Ministry of Tourism and Civil Aviation. The ATLB is responsible for the issuing of Licenses (scheduled carriers) and Permits (charter/ non-scheduled carriers), working in conjunction with the safety and operational officials from the ECCAA. In conclusion, civil aviation continues to be an important underpinning of economic growth and development in Antigua and Barbuda. This activity is centered primarily at the VCBIA and major efforts are underway to upgrade and expand the quality and extent of services available to passengers, airlines, and other stakeholders at that facility. Significant investments are also planned for Barbuda, as that community advances its economic and social development through expanded tourism, trade and commercial air links with the outside world.

1 Organization of Eastern Caribbean States. 2 In 2007 LIAT acquired the assets of its regional competitor, Caribbean Star. LIAT now has a fleet of seventeen Dash8 aircraft.

LIAT Full Page

The Importance Of Regional Air Transportation

The Golden Book of Antigua and Barbuda

The Importance of

Regional Air

Transportation

Photo by Neil Forrester

_______________________________________________________________________ by Dr. Jean Holder, Chairman of LIAT (1974) Ltd. Perhaps at some time in the distant future we will live in a world, where information technology will reach the state of perfection that results in the benefits of doing business from home completely outweighing the costs of travel for business purposes. I personally hope that day never comes, since freedom to travel is both at the core of the concept of liberty and of significant educational value.

of the world, by vast expanses of water, is that they do not have the same options for transportation as large contiguous land masses. The absence of air transportation would render their inhabitants virtual prisoners in their places of residence, except for the option of sea transport which does not satisfy the needs of a world where time virtually is money. The Caribbean, in particular, that region of the world which is four more times dependent on tourism than any other part of the globe, could not survive either economically or socially, without air transportation. Air transportation is what connects the region to the major tourist markets of the world and distributes business across and between the various island states of the community.

It is safe to say however, that at this time, without international air transportation, many of the global economic gains of the 20th and 21st centuries would be reversed. Of course in many parts of the world transportation by bus, rail and ship would still be possible and would permit the wheel of commerce, business, tourism and diplomacy to turn, albeit far too slowly to keep pace Tourism is now the major with a modern world that productive sector of the puts a high value on speed. region taken as a whole. There is no state where The reality of small island it is not important. For states, separated from some, it is all important. each other and the rest The 33 Caribbean states

which are members of the Caribbean Tourism Organisation enjoy gross foreign exchange earnings of some US$ 21 billion per year from tourism and the CARICOM sub-region earns some US$ 5.2 billion of the total. It is the major employer of the region and for many, the greatest source o government revenue. However, the most important statistic for the purposes of this article is that 90 per cent of that foreign exchange is spent by persons arriving to and/or travelling around the region, by air. Cruise tourism contributes the other 10 per cent. However, this is not the whole story. In a Community, comprised almost entirely of island member states, people need to travel for many reasons other than the pursuit of leisure. Air transportation is needed for mail and cargo, or engaging in trade and commerce, for reasons of health and education, for government and intergovernmental business, for moving sport teams and so on. People travel because

them must and mostly they wish to travel by air. The Caribbean Single Market and Economy (CSME), seen as the key to regional integration, has been ever hovering beyond our reach. Finally it seems to be achievable. One of the major strategies for achieving the objectives of the CSME, is production integration, which is envisaged in article 52 of the Revised Treaty of Chaguaramas. For those of us in the travel and tourism industries, it is clear that production integration, if it is restricted to trade and does not include services, among which are travel and tourism, will once more have missed the bus that leads to Caribbean economic prosperity. The point is all the strategies elaborated towards creating a successful CSME, will come to naught, unless the region has a reliable air transportation service, international and intra-Caribbean, to facilitate the movement of people, goods and services within and between member states of the CSME. This underscores the need for

a sound intra-regional transport service. It is part of the infra-structure, the foundation on which the CSME must be built. Enter LIAT - In 2006 we celebrated 50 years of LIAT, the Caribbean Airline, serving some 21 destinations, seven days a week. It has been a fascinating story of defeats and victories, of near deaths and rebirths. Our longevity is something to celebrate in an environment in which many airlines have not survived. Many a competing carrier entered the arena, with a business plan which assumed that the first order of business would be the collapse of LIAT. They were defeated by the fierce loyalty of the people of the region to the airline, which confers an obligation on LIAT to provide the service they deserve. Of the 750,000 people we carry every year, some 70 per cent are resident in the region and for them the name LIAT is synonymous with intraregional air transportation.

The Golden Book of Antigua and Barbuda

Barbuda Overview

Barbuda Overview Barbuda is part of a twinisland state with Antigua. Barbuda is renowned for its peaceful environment, and for its natural beaches, freckled with pink sand.

The total population of Barbuda is approximately 1,500. Barbuda is 62 sq miles (15 miles long and 8 miles wide) and is 25 miles north of Antigua. Two-thirds of the island consists of a flat plain almost inline with sea level. One third makeup the highlands, the highest point with a maximum height of 42 metres.

History

Places of Interest

The Arawak Indians were the first inhabitants of Barbuda. Before long, the island became home to another group of Amerindians originating from Dominica and St. Vincent. These settlers were known as the Caribs. During that time, Barbuda was called Dulcina.

Caves

Unlike most neighbouring islands, Barbuda is not of volcanic origin. The island is limestone. Barbuda has been infamous for shipwrecks throughout history, since the southeastern side of the island is surrounded by coral reefs.

In 1666, the village of Codrington was established as the main residential area of the island. The village was named after a family of slave owners from England called the Codringtons. Between the period of 1685-1705, Barbuda was used as a breeding ground for slaves who were to be sent to Codrington estates in Antigua.

Barbuda has reasonably good sunny weather all year around with temperatures ranging from 18-45 degrees Celsius. Rainfall is seasonal, with an average of 100 cm per year.

Barbuda along with Antigua and other Caribbean countries joined in the introduction of the Slavery Emancipation Act of 1834. At abolition, Barbudaâ&#x20AC;&#x2122;s populous was estimated to be 500.

Barbuda possesses many caves to explore. In an Indian Cave at Two Foot Bay, it is possible to see drawings (petroglyphs) left by the Arawaks. Darby cave is a spectacular sink hole in the middle of a shrub forest over 100 metres in diameter and around 70 feet deep. The surrounding vegetation resembles a mini rainforest with palms, ferns and lianas. Dark Cave is the habitat for several rare species of crustaceans, including blind shrimp. A narrow entrance leads to a vast cavern containing pools of water. These pools were probably a water source for Amerindian inhabitants, as artifacts have been found nearby.

Barbuda Overview

Historical Sites Codrington House The ruins of Codrington House, locally known as “Willy Bob” or Highland House, is situated on the highest part of the island, about 3 miles north of Codrington Village. The site is what remains of the family settlement of the slave owners, the Codringtons.

Government House This site is located in Codrington. The building dates from 1694. The building was home to the Wardens, who were the representatives of the British Government from the time the Codringtons left until 1976. Unfortunately the house was severely damaged by Hurricane Luis in 1995.

The Martello Tower The Martello Tower is near the River Beach. This type of fortification was modeled on a tower built on Cape Mortella during the Napoleonic Wars in the early nineteenth century.

International Transportation There is no international commercial port of entry in Barbuda, with the exception of the sand mining export market. For this reason, commercial entry must first land or dock in the mainland of Antigua before proceeding to Barbuda.

Utilities Utilities on the island include electricity and telephone services (landline and cellular) both distributed solely by the statutory body, Antigua Public Utilities Authority. Other private cellular companies offer services in Barbuda, namely Cable &Wireless and Cingular.

Telecommunications Telecommunications is the fastest developing technological sector on the island. Internet and direct telephone communications create fast and easy accessibility to information across the world.

The Golden Book of Antigua and Barbuda

Quality of Workforce Barbudans are known to be hardworking and hospitable individuals in the workplace. Of the workforce, 80% is employed by the Barbuda Council and the remaining 20% is employed by the Private sector (mainly hotels) and the Government of Antigua and Barbuda.

Education Education in Barbuda makes up elementary, primary and secondary schooling. In the near future, a schooling infrastructure will be on the island due to the commissioning of a newly built secondary school. The Caribbean Examination Council is the statutory corporation governing the school in Barbuda as the external examination body accepted by the tertiary educational institutions in the United States, Canada and the United Kingdom.

Currency The main currency in Barbuda is the Eastern Caribbean Dollar ($ECD). The United States Dollar ($USD) is generally accepted and used in Barbuda.

Criteria for Investment or to Operate Business There are many investment opportunities in Barbuda, especially in the area of Tourism. If an individual, a company or a group shows interest in investing in Barbuda or wishes to operate a business on the island, the party or parties concerned must fill out a detailed application form issued by the Barbuda Council. Afterwards, they will be summoned for an interview by the Barbuda Council. A decision will then be made by the body to accept or decline the proposal.

Barbuda Council The Barbuda Local Council is the local Government on the island constituted by the Barbuda Local Government Act; Laws of Antigua and Barbuda. Purpose of the Council is to administer the system of local Government for the island. The Council consists of: • The member of the House of Representatives for the Constituency of Barbuda. • A member of the senate who possesses the qualifications specified by the Act. • 9 elected members. Elections are held every 2 years through successive rotation in groups of 4 or 5. The tenure of office of an elected member of the Council is 4 years.

Maritime Administration

The Golden Book of Antigua and Barbuda

Maritime Administration

Ship Registration

General

and then sugar. By the 1960’s however, the majority of sugar The history of Antigua and businesses had ceased, as the Barbuda could not be complete cost of production had become without mentioning the essential too high in comparison with other role of the sea and shipping in producers. Commercial activity the country’s past. In the days by sea slowly declined. Only the when the Caribbean Islands were being fought over by the European regular traders stopped at the main port of Antigua, which was powers, Antigua was considered known as St. John’s. However a safe haven for the Royal Navy ships. The abundance of protective there was always a presence of visiting yachts, especially in the inlets and harbours such as Nelson’s Dockyard encouraged the English Harbour and Nelson’s Dockyard area. Nelson’s Dockyard ubiquitous presence of the Royal had fallen into disrepair over the Navy in Antigua. The existence of years. However, the dockyard the navy seemed to keep most of the other powers away, except for was later considered to be an the odd encounter and battle now excellent tourist attraction and its historic buildings were repaired and then. and refurbished. This restoration process is an on-going effort, with Antigua experienced a long some of the buildings still to be period of commercial activity, brought into use. first with cotton being exported,

Ship Register A local register for ships trading in and around Antigua and Barbuda has existed for many years. However, it was only after Antigua and

Barbuda became an independent nation that a serious attempt was made at generating an international register for ships trading worldwide. In 1985, a new Merchant Shipping Act of Antigua and Barbuda was passed by Parliament. This Act helped to bring about the International Register of Ships, which is presently ranked among the 20 biggest ships registries worldwide. The International Register of Ships encompasses more than 1160 ships, accounting for over 8.7 million gross tons (GT).

The International Register of Ships is well recognized worldwide by ship owners, international ship financing banks, Port States, Flag States and the International Maritime Organization (IMO).

Maritime Legislation

In addition, 40 Caribbean cargo ships trade locally on the register, as well as about 200 yachts of varying sizes.

In order to ensure that ships registered under the Antigua and Barbuda flag are welcomed in all ports around the world, Antigua and Barbuda has signed up to the mandatory instruments of the IMO, i.e. Antigua and Barbuda as a Flag, Port and Coastal State has ratified the key international conventions of the International Maritime Organization.

Antigua and Barbuda recently enacted a revised, modernized and consolidated Merchant Shipping Act 2006 which covers all aspects of the safety and security of ships, the protection of the environment and the requirements for cleaner oceans.

These include the SOLAS 74, MARPOL 73/78 and its various Annexes, LOADLINE 66, STCW 78/95, COLREGS 72, TONNAGE 69, ANTI-FOULING 01, OPRC 90, FUND Protocol 92, CLC Protocol 92, LONDON 72 and OPRC 90.

The Golden Book of Antigua and Barbuda

The International Maritime Organization constantly produces new requirements and new legislation, all of which have to be incorporated into national legislation. Antigua and Barbuda keeps reviewing these new requirements to ensure that its client ship owners are not left exposed by not having the support of the Flag State. As an example, Antigua and Barbuda endeavours to keep the ships registered under its flag in the top flight of the Port State Control regimes around the world by setting stringent requirements, both for it self and for its ship owners.

Maritime Security Antigua and Barbuda is a contracting party to the International Convention for the Safety of Life at Sea (SOLAS) of the International Maritime Organization (IMO). The International Ship and Port Facility Security Code (ISPS Code) is part of the 2002 SOLAS Amendments, which entered into force on 01 July 2004. The Code is a comprehensive set of measures created to enhance the maritime security of ships and port facilities. It was primarily developed in response to the perceived threats to ships and

Maritime Administration

port facilities in the wake of the 11 September 2001 attacks in the United States. The whole idea of the ISPS Code is to reduce the vulnerability of the maritime industry to attack, thus countering threat and reducing risks. Antigua and Barbuda, as a Flag, Port and Coastal State, possesses a strong sense of responsibility towards the security of its vessels and its port facilities. The Government of Antigua and Barbuda is fully aware that the requirements of the ISPS Code and the security regulations are of vital importance. By executing an effective security regime, Antigua and Barbuda continues to attract a large amount of cruise liner traffic. The implementation of such precautions has enabled the country to participate fully in the international commercial trade, and helps to safeguard the country’s market share.

Port State Control Antigua and Barbuda’s registered ships are on the White List of Flag States given by the Paris and Tokyo Memorandums on Port State Control. This means that the registered ships are not targeted for more than the usual inspections, as required by

those MOUs. Port State Control first started in 1982, when a number of European countries agreed to inspect foreign ships that entered their ports and decided that any findings would be reported to each other. Before this arrangement had been made, a voluntary system existed. However, with the advent of the Paris Memorandum of Understanding on Port State Control (the Paris MOU) it became mandatory for those Flag States that signed the Paris MOU. Since that time, there are another seven Memorandums on Port State Control in different parts of the world. Antigua and Barbuda as a signatory to the Caribbean Memorandum of Understanding (CMOU) on Port State Control since 1996 is conscious of the importance of the safety of life at sea and in ports and the growing urgency of protecting the marine environment and its resources. The Maritime Administration contributes to the common endeavour to prevent the operation of substandard ships. This will ensure the compliance of ships with safety, equipment, safe manning and pollution prevention standards.

Company Formation for Ship Registration Under the Section 11 of the Antigua and Barbuda Merchant

Shipping Act 2006 (MSA 2006), a ship shall not be registered as an Antigua and Barbuda Ship unless: She is owned wholly by persons to whom one of the following descriptions applies: (a) citizen of Antigua and Barbuda; (b) public bodies of Antigua and Barbuda; (c) public bodies corporate authorised under subsection (2); (d) a corporation registered under the International Business Corporation Act; (e) an external company or a partnership concern registered under the Companies Act; a national of a Member State (as per Third Schedule of the MSA 2006); any other person approved by the Cabinet. Whichever method is chosen for registering ships under the Antigua and Barbuda flag, there must be either an office here in Antigua, an official representative or a qualified business agent. There are a number of attorneys in St. John’s who specialize in helping companies with the registration process, and may be able to assist in the preparation of the necessary documents.

Maritime Administration

required by the various IMO Conventions.

Taxation Antigua and Barbuda’s international corporations are exempt from taxation and exchange controls. A fifty year guarantee of tax free status is made by the government.

Registration of Ships The registration of yachts and cargo ships of less than 500 GT and trading in the Caribbean area takes place in St. John’s, Antigua. Registration for all other ships occurs in the German office of the Department of Marine Services and Merchant Shipping. There is a separate register for yachts of all kinds. Yachts which are over 24 metres in length, and are used for chartering are required to meet the requirements of the Maritime and Coastguard Agency (MCA) Large Commercial Yacht Code. The Register Books are kept in St. John’s for all ship types. There are no age restrictions for registration under the Antigua and Barbuda flag. All ships must pass an initial safety inspection before registration commences. It is this initial safety inspection which decides whether a ship will be accepted for registration or not. Antigua and Barbuda has worldwide coverage of over 350 surveyors and inspectors. After a ship has been registered, it is required to go through an annual safety inspection by the Flag State, as well as all the statutory surveys and inspections

The Golden Book of Antigua and Barbuda

Crewing

There are no nationality requirements for officers and It is the policy of Antigua and ratings serving on Antigua Barbuda to only accept members and Barbuda ships. The of the International Association of Administration’s office in Classification Societies (IACS) to Oldenburg, Germany, issues act on behalf of the Administration endorsements and seafarers of the Flag State. Consequently, books in accordance with Antigua and Barbuda has STCW 95 against equivalent entered into agreements with the certificates from other flag states. classification societies American These flag states are included Bureau of Shipping (ABS), Bureau in the list of countries issued Veritas (BV), ClassNK, Det Norske by the International Maritime Veritas (DNV), Germanischer Lloyd Organization as having fully met (GL), Korean Register of Shipping the requirements of STCW 95. (KR), Lloyd’s Register (LR), Registro Italiano Navale (RINA) Specific manning requirements and the Russian Maritime Register will be determined by the of Shipping (RS) to issue statutory Administration, depending on the certification as Recognized size, type and trading area of the Organizations or Recognized ship. Security Organizations for ships registered under the Flag of Antigua and Barbuda.

Contacts Department of Marine Services and Merchant Shipping PO Box 1394 Corner of Popeshead and Dickenson Bay Streets St. John’s, Antigua West Indies Tel +1 268 462 1273 Fax +1 268 462 4358 e-mail marineserv@candw.ag

Department of Marine Services and Merchant Shipping Am Patentbusch 4 26125 Oldenburg Germany Tel +49 441 939590 Fax +49 441 9395929 e-mail info@antiguamarine.com Web site www.antiguamarine.com

There are two ways a ship may be registered under the Antigua and Barbuda flag. One way is through permanent registration and the other way is bareboat charter. A ship can be permanently registered under the Antigua and Barbuda flag and bareboat chartered out to another flag. The ship keeps its registration in the Antigua and Barbuda Register but may fly the flag of another State whilst it is bareboat chartered out. Ships may also be permanently registered under another flag, but bareboat chartered in to the flag of Antigua and Barbuda. In this case those ships are considered to be ships of Antigua and Barbuda, and must comply with all the requirements of the Antigua and Barbuda Merchant Shipping Act.

The Golden Book of Antigua and Barbuda

Domestic Banking

International trends also reflect a transition towards the convergence of services by banking institutions into such areas as insurance and the broker dealer business.

Domestic Banking

_________________________________________________________________ by Carolyn Philip Senior Manager Corporate Affairs, The ABI Financial Group

in Antigua At the time of writing there are seven commercial banks operating on Antigua & Barbuda servicing a population of approximately 75,000. Over the years, the banks have offered the traditional banking services comprising savings and checking accounts, fixed deposits, loans, draft issuance, telegraphic transfers, foreign exchange and Letters of Credit. In recent times however, the banks have seen the need to expand the level of services offered to the public.

cannot escape this evolution. Although the fundamental functions of banks remain the same, their delivery methods need to be constantly revised and updated in light of changing consumer demands and technological advances.

Transformation

As indicated above, technological advancements dictate that Banks rethink their delivery methods. Consumer demands have changed due to an evolving world It has long been of information technology acknowledged by members and globalization. Clients of the banking industry today are seeking swifter that the face of banking and more efficient means is changing at a rapid of conducting their banking pace. Banks in Antigua business.

In his book “Modern Banking in Theory and Practice” Shelagh Heffernan states: • To maintain a competitive advantage in the financial marketplace, banks will • have to adapt to the changing nature of intermediation, new technology which • has the potential of narrowing information asymmetries, reducing the need • for an intermediary, and ever-changing consumer preferences, as computer• literate customers demand value

for money and sophisticated intermediation…” This statement holds true for the banking environment in Antigua. The advent of the Internet and cable television has exposed a wide new world of banking to our people. Clients are no longer satisfied with the traditional investment products offered by the banks such as CD’s, savings and call accounts. People are now more investment conscious and are requesting information regarding equities, mutual funds, bonds and other investment opportunities that are likely to provide them with greater returns on their investments.

Our bankers now need to be equipped with the knowledge and expertise regarding such investment products and be willing to assist and guide their clients and the general public. In keeping with this change in customer demands, the Eastern Caribbean Securities Exchange (ECSE) was launched in October 2001. Its purpose was to create a platform via which entrepreneurs could take their companies public, to provide an alternative means of raising capital, and to create a secondary market for the purchase and sale of securities, thus providing liquidity. Currently, ABI Bank Ltd. and Antigua Commercial Bank are the only two banks on the island that are licensed intermediaries for the exchange. In November 2002, the Regional Government Securities Market (RGSM) was launched by the ECSE. Through this medium, the governments of the Organization of Eastern Caribbean States (OECS) have actively been raising funds at much lower rates of interest than those being charged by the commercial

Domestic Banking

banks on their islands.

STATISTICS The seven domestic banks – ABI bank Ltd, Antigua Commercial Bank Ltd., Bank of Antigua, Bank of Nova Scotia, First Caribbean International Bank, Royal Bank and RBTT - currently employ over 550 persons and manage assets totaling in excess of EC$3.1B as of September 30, 2004. Statistics obtained from the Eastern Caribbean Central Bank’s web site revealed that of this amount, Loans and advances accounted for EC$1.9B with foreign

assets and customers’ deposits totaling EC$450M and EC$2.5B respectively. Of the $3.1B in assets under management, two indigenous banks -ABI Bank Ltd. and Antigua Commercial Bank held in excess of $1.0B.

THE MARKET & COMPETITIVE ENVIRONMENT In recent times, the advent of the Caribbean Single Market and Economy (CSME) has been given much publicity. The CSME will allow for the free movement of

people, goods and capital throughout participating member countries of the Caribbean. From a banking perspective, its arrival will have both negative and positive connotations for banks currently operating on the island. Indigenous Banks in Antigua will now be faced with significant challenges, as the larger banks possess greater capital and human resources. On the other hand, the banks will need to prepare themselves to take advantage of the benefits that can

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The Golden Book of Antigua and Barbuda

be derived from the CSME. Free movement of people, goods and capital means an opportunity for increased customer bases and capital growth and the strengthening of their human resource units. Additionally, these Banks will have to identify measures via which they can maintain their competitive edge and leverage their strengths to ensure survival and profitability through effective strategic planning. Such planning may necessitate acquisitions, mergers and alliances.

REGULATORY ENVIRONMENT Domestic banks operating on Antigua and Barbuda, along with those in other OECS territories, are regulated by the Eastern Caribbean Central Bank, which is domiciled in St. Kitts. The Ministry of Finance is responsible for the granting of licenses for these banks in consultation with ECCB. On-site audits are conducted on a regular basis by the ECCB in conformity with the Banking Act of 1991 and the Money Laundering Prevention Act 1996 and amendments. Banks

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are expected to meet international standards as outlined in the BASLE II agreement. The move to international standards is a positive one in light of the fact that we now exist in a globalized financial environment and as the Caribbean positions itself for CSME and FTAA, these are the standards upon which the financial institutions in the islands will be assessed. In order to meet the international prudential guidelines, banks must meet minimum requirements with respect to performance ratios

Domestic Banking

US Patriot Act following the tragedy of 9/11 and the increasing demand to meet international standards in light of the environment in which we operate.

such as capital adequacy, solvency, risk asset ratio, tier one leverage, total capital/total risk weighted credit exposures etc. Banks are also required under these guidelines to have clear policies pertaining to areas such as lending (including large exposure guidelines), risk management, investment, liquidity and asset liability management, and corporate governance.

The indigenous banks in particular have felt the brunt of the US Patriot Act. Unlike the international banks operating on the island, they do not have branches in the developed countries. They depend heavily on correspondent banking relations throughout North America, Europe and Canada. The US Patriot Act places heavy demands on the American

As in many other countries, domestic banks in Antigua & Barbuda face many challenges. Among these are the introduction of the

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banks in the exercise of strict due diligence. To many of these banks, the costs associated with compliance under the Act are generally regarded as burdensome and unprofitable. Hence, a number of these banks have ceased to offer correspondent banking services to banks in Antigua and throughout the OECS region in general.

CONCLUSION: Domestic Banking in Antigua has evolved into a far more sophisticated financial industry over the past 10 years. I am indeed

pleased to report that the banks on Antigua & Barbuda are well managed with management teams possessing considerable years of experience in the industry. To date, no bank failure has been witnessed in the domestic banking arena and this lends credence to the fact that our Banks possess efficient management and are adequately supervised. As banks continue to maximize on their intellectual and systems capabilities, they are rising to meet the needs of an ever changing and dynamic global environment.

International Financial Services

The Golden Book of Antigua and Barbuda

Photo by Neil Forrester

International

Financial Services

The international financial services sector in Antigua and Barbuda is regulated and supervised by the Financial Services Regulatory Commission (FSRC). The FSRC is established under the International Business Corporations Act (IBC Act), 1982, which is the governing legislation for the international financial services industry. The FSRC is responsible for the regulation and supervision of all international financial institutions, including international banks, international trust corporations, international insurance corporations and interactive gaming and interactive wagering corporations.

In 2002, the IBC Act was amended to establish the FSRC as an integrated regulatory and supervisory body for the Antigua and Barbuda financial services sector (except for domestic banking which is regulated and supervised by the Eastern Caribbean Central Bank). Consequently, the FSRC regulatory and supervisory purview now includes financial business activities, and conducted the Financial Institutions Non Banking Act, the Cooperative Societies Act, the Insurance Act and the Post Office Act. The Commission is also charged with the regulation and supervision of money services businesses. The amendments described above brought Antigua and Barbuda in line with current international trends towards consolidating the regulation and supervision of financial services under a single regulatory body.

The FSRC is managed by a Board of Directors appointed by the Minister of Finance after the approval of the cabinet. Currently, the FSRC Board comprises of public and private sector officials of high repute who are subject to severe penalties under the law for any breaches of their fiduciary responsibilities. The management and staff of the FSRC are also subjected to strict laws governing their behaviour. The advantages of doing international business in Antigua and Barbuda include: Convenient time zone: The country is in the same time zone as New York, Toronto, Central America and parts of South America. Antigua falls five hours behind the UK and Europe in the summer and four hours behind during the winter. This allows international business

The Golden Book of Antigua and Barbuda

to be transacted easily within an appropriate time frame. Easy accessibility: Antiguaâ&#x20AC;&#x2122;s international airport is a major gateway for the Caribbean, and serves British Airways, British Midlands Airlines, Continental Airlines, US Air, Virgin Atlantic, American Airlines, Air Canada, BWIA, LIAT, Caribbean Star, and Air Jamaica, with direct flights from New York, Miami, Toronto and London. It also has indirect links with Central and South America. Excellent communication facilities: The jurisdiction boasts high-quality telecommunication facilities provided at highly competitive rates. These communication facilities possess direct access into the global stream of financial and business data. Electronic funds transfer is readily accomplished, providing same day value, and securities can be placed and executed within 24 hours. Stability and Security: Antigua and Barbuda has a stable government, sophisticated infrastructure and a strong economy, which is based primarily on tourism. The country enjoys the highest per-capita income in the Eastern Caribbean. First-rate professional services: the jurisdiction boasts a core of strong professional service providers, which include experienced trust and corporate

International Financial Services

managers, international bankers, transfer of the charter of an IBC accountants and attorneys. to a foreign jurisdiction, or vice versa, is permissible under the Tax Exemption: The city permitted. The board of international companies directors of a corporation may have full exemption from all consist of a single member. direct taxes, in respect of any In the case of trust and international trading, investment insurance corporations, and or commercial activity. This banking, at least one director also includes withholding must be a citizen and resident taxes and stamp duties. of Antigua and Barbuda. Confidentiality: The International Business Corporations Act provides criminal penalties for any disclosure of the business affairs of customers, in regard to banking and trust matters. The only exception for the disclosure of information relates to evidence concerning a criminal offence, with respect to the laws of Antigua and Barbuda.

International Financial Services International Business Corporations The Registry of IBCs at the Financial Services Regulatory Commission (FSRC) provides speedy formation of International Business Corporations (IBCs) at very competitive rates. The formation of IBCs can be carried out by a locally registered trust company, or by an accountant or attorney, usually within 24 hours. Full corporate and trust services are available to both private and corporate investors.

Every IBC must have a registered office, as well as a resident agent in Antigua. The resident agent is responsible for paying the annual licence fees, and for keeping the companyâ&#x20AC;&#x2122;s records. The annual licence fee for an IBC is US$300. Fees charged by trust companies or professionals for incorporation and annual maintenance will vary. However, fees for the formation of an IBC without an international banking or insurance licence start at about US$725, with an annual maintenance fee of US$350. Thus the total cost for an IBC formation (including the licence fee) is typically US$975, with an annual maintenance fee of US$600.

International Banking

An international banking licence is granted to an IBC by the FSRC provided that the applicant meets the required standards. The annual licence fee for the banks is US$15,000. The No minimum capital is specified minimum capital requirement for an IBC, and shares may have is five million US dollars a nominal or no par value. The (US$5,000,000) or its equivalent

in another major currency, of which US$1.5 million shall be deposited in a licensed financial institution in Antigua and Barbuda. International banks are also required to maintain a physical presence in Antigua and Barbuda in line with the FSRC requirements, and are exempted from any exchange control or foreign currency levy. They are also required to appoint an auditor, file un-audited quarterly returns and annual audited accounts. Information must also be sent to the FSRC, which conducts an annual onsite examination of these institutions.

International Insurance An international insurance licence granted by the Commission permits an IBC to engage in insurance business other than domestic insurance. A stated capital of at least US$250,000 is required. International insurance corporations are also required to appoint an auditor and to file un-audited quarterly returns and annual audited accounts with the FSRC. The annual licensed fee to carry on an international insurance business is US$10,000.

International Trust Services The incorporation of international trust is governed by the International Exempt Trust Act, which is administered by the FSRC. However, the regulation and supervision of International

International Financial Services

Trust Service Providers is covered in the IBC Act. The minimum capital requirement for an international trust service provider is US$ 500,000. International Trust Service Providers are also required to appoint an auditor, and to file un-audited quarterly returns and annual audited accounts with the FSRC. The annual licensed fee to carry on an international trust administration business is US$7,500.

the Commission’s requirements are met, a Gaming licence would be granted to prospective Virtual Casinos for a fee of US$75,000 per annum, while a Wagering Licence would be granted to prospective Sports Books for a fee of US$50,000 per annum. All supervised financial institutions are subject to annual onsite examinations conducted by the FSRC to ascertain their compliance with the relevant laws and regulations and applicable international standards.

The International Exempt Trust Act provides for the registration of all exempt international trusts with the Registry of International Annual on-site examinations involve the following: Trusts of the FSRC. These exempt international trusts • determining solvency, are not subjected to taxes on (quality of investments inheritance, profits, income, and loan portfolio); or on any capital assets, gain or appreciation on any assets • reviewing policies or dividends, and interest paid and procedures which out by an IBC as a trustee govern operations; on behalf of a non-resident • reviewing anti money of Antigua and Barbuda. laundering and counter There is also no restriction on terrorist financing internal accumulations by trusts and control systems; the ‘rule against perpetuities’ does not apply to any property • verifying compliance with vested in a trust corporation. proper customer account management guidelines;

Internet Gaming

• verifying compliance with Internet Gaming Facilities internationally recognized are deemed to be financial prudential standards; institutions under the law. In this respect, they are licenced, • assessing the quality regulated and supervised by the of management; FSRC, which gives the Internet • verifying the accuracy gaming operators a high level of returns submitted of comfort in the jurisdiction. It to the FSRC. also offers gaming operators the ability to conduct business on a In addition to on-site predictable basis. Providing that examinations, there is

The Golden Book of Antigua and Barbuda

continuous off-site supervision in the form of analysis of quarterly returns and other supplemental schedules, annual audited financial statements and follow-up, with respect to prescribed corrective actions.

as the international standard in banking supervision. In order to ensure transparency, Antigua and Barbuda authorized the IMF to publish the full text of the Detailed Assessment Report (DAR) on the IMF website.

Meeting International Standards

Additionally, the draft report from the IMF/World Bank team that conducted the assessment of the jurisdiction for compliance with the Financial Action Task Force (FATF), Forty Recommendations on Anti-Money Laundering, and Eight Special Recommendations on Countering the Financing of Terrorism in August 2004, gave Antigua and Barbuda high marks for its achievement in that regard. In fact, the IMF Team, in their interim report, commended the Office of National Drug and Money Laundering Control Policy Model as a model for the countries in the Caribbean region to emulate.

Antigua and Barbuda has ensured that the highest international standards are applied to its financial services sector. The jurisdiction is a member of the Caribbean Financial Action Task Force (CFATF) and is in full compliance with all its requirements. In 2000, the Financial Action Task Force (FATF) declared Antigua and Barbuda to be fully cooperative in the fight against money laundering. The FATF found Antigua and Barbuda’s legislative regime, and its regulatory and enforcement machinery, to be consistent with the highest international standards. In 2003, the CFATF conducted an evaluation of the jurisdiction’s anti-money laundering and counter terrorist financing system, and found Antigua and Barbuda to be fully compliant with regional and international standards. The International Monetary Fund (IMF) carried out an evaluation of the jurisdictions international banking sector in February-March, 2004. In its report the IMF has found the jurisdiction complaint with the Basel Core Principles, regarded

For further details, please visit our website at http://www.fsrc.gov.ag or contact: The Administrator Financial Services Regulatory Commission CIBC Financial Center Old Parham Road PO Box 2674 St. John’s, Antigua Tel: (268) 481 1174 (268) 481 1179 Fax: (268) 481 1182 (268) 463 0422 Email: anuifsa@candw.ag

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La Perla also offers plots on Harbour Island, a beautiful manmade island situated in the heart of Jolly Harbour. This will consist of 132 building plots with the possibility of docking facilities at your doorstep. Several other La Perla projects on Antigua are scheduled for commencement during 2008. Eden Beach Club adjacent to Jolly Harbour, is a remarkable beachfront site on which La Perla will create a unique Caribbean village consisting of 68 plots with traditional West Indian houses. Buyers can mix and match from one of three house designs which can be personalized. Construction of each house will take approximately 10 months to complete. Nestled in a sheltered, pristine cove on the east side of the island is NonSuch Bay, encompassing 70 beachfront apartments, 15 exclusive townhouses and 20 villa plots on 16 hectares of land. The development’s white, sandy beach is considered one of the island’s best-kept secrets. La Perla can manage the design, construction and delivery of your villa, making carefree building – even from a distance – a desirable and real option. Completion is expected in spring 2008, when residents will be able to enjoy the tranquil seclusion of a tropical paradise while having immediate access to on-site amenities such as planned mooring facilities, swimming pools, tennis courts and a stylish restaurant in the Beach Club. Whatever your preferred lifestyle, La Perla International Living has something to satisfy and delight, in breathtaking and exotic locations around the world. So why wait? Call us today for further information on how you can make your dream home a reality… CALL LA PERLA SALES CENTRE Jolly Harbour Commercial Centre, 7 days a week Tel: +1 (268) 562-2626. E-mail antigua@lpil.co Website: www.lpil.com

Information Communications And Technology (ict) Industry

The Golden Book of Antigua and Barbuda

Information Communications and Technology (ICT) Industry

“

The Government of Antigua and Barbuda is promoting a set of policies that will upgrade the Intellectual Capital of the Nation. Antigua and Barbuda is now rising to First World Standards with the building of the Knowledge Society and an Intelligent Nation. Antigua and Barbuda has become a Regional Centre of Information Technology Excellence.

”

Honourable Dr. Edmond A. Mansoor Minister of Information, Broadcasting and Telecommunications

Barbuda through ICT may be The Government of Antigua and summed up as follows: Barbuda maintains a policy which declares that a primary objective 1. The government-run is to ‘Build an InformationInformation Technology Enabled, Globally-Connected, and (IT) Centre falls under the Knowledge-Based Society.’ This purview of the Ministry of aim can be met specifically through Information, Broadcasting the use of technological tools. and Telecommunications. It has been set up to serve as The Government understands the engine of e-Government that the task of creating a sound development in Antigua and ICT infrastructure cannot be done Barbuda. The IT Centre has alone, and that this undertaking tremendous capacity for should be attempted through expansion. It is presently Government-Private Sector being restructured to participation and investment. In navigate the transformation this respect, the Government, of the public sector through through the Ministry of technology. In addition Information, Broadcasting and to its extensive work in Telecommunications, is taking bringing the Government a two-way approach to the task Office Complex and other by strengthening ICT education key government offices and training initiatives, as well online at high speeds, the as by providing incentives for the IT Centre maintains a very expansion of the ICT Products and high quality Government Services Industry. 2. information website at www.antiguabarbuda. The journey on the road to gov.ag, as well as a revolutionizing Antigua and

growing government email service. The ICT hardware provisioning department of Government was recently incorporated into the IT Centre to facilitate a more coordinated approach to sector operations.

In order to provide improved and consistent operational guidelines, the National Information Technology and the ICT in Education policy documents are being reviewed. In the meantime, technical officers and consultants in the Ministry of Information, Broadcasting and Telecommunications are working feverishly to implement initiatives designed to increase the use of ICT’s in the public sector. The Free Trade & Processing Zone (FTPZ) has provided unique

opportunities for building ICT capacity in Antigua and Barbuda. The most significant is the state-ofthe art IT training centre, the Antigua and Barbuda International Institute of Technology (ABIIT). This institute presently provides students with the training needed to attain associate degrees in a range of business and technology areas. ABIIT has the capacity to provide training for up to 1000 students. ABIIT has developed collaborative relationships with reputable institutions such as Pace University, Skidmore College and Monroe College, which are all located in the United States of America. Of similar relevance is the Schools Computerization Project. This undertaking has initiated ICT training in Antigua and Barbuda’s secondary schools by providing 20-unit computer labs for all fourteen private and public secondary schools. Computers were also provided for school administration offices. The project has since been expanded, and is now sustained by the Ministry of Education. This venture has resulted in a significant increase in the number of ICT literate students. In addition, computer literacy is now a compulsory course at the Antigua State College, an advanced level institution from which hundreds of students graduate annually. The Government’s commitment to providing ICT trained personnel has been further realized by

The Golden Book of Antigua and Barbuda

the identification of the sector as a priority area for granting academic scholarships for nationals. 3.

Management Information Systems will be introduced shortly into the public sector beginning with the Education Management Information Systems (EMIS). The EMIS is an initiative of the Caribbean Development Bank and the Government of Antigua and Barbuda Basic Education Project. The initiative has seen the introduction of highspeed wireless internet in all educational institutions along with the EMIS. This project has improved data

Information Communications And Technology (ict) Industry

service providers and reduce telecommunications costs significantly.

management systems and education delivery structure. 4.

On a cultural development level, it should be noted that the European Unionsupported Caribbean Cultural Network project has facilitated the development of several web sites, to provide a global avenue for marketing cultural products and services. To encourage a wider range of investment, the telecommunications sector will be fully liberalized. The impending removal of monopoly agreements will increase competition among telecommunications

7. 6.

ICT Non-Governmental Organization support will be significantly increased through entities such as the Organization of Professional Entrepreneurs in Information Technology (OPEN IT). OPEN IT was recently started in Antigua and Barbuda and will provide support for ICT development through certain initiatives. These initiatives include the compilation of an ICT professional’s database, training and technical assistance for business entrepreneurs and the

ACT Half Page

creation of linkages with other individuals across the globe. ICT goods and services in Antigua and Barbuda are cutting edge, and the available options are increasing. These include: •

Cellular/ Mobile Services including features such as roaming, GPRS and internet connectivity

•

High Speed Internet Services through T1 and Broadband Wireless Connections

•

Video and Teleconferencing facilities.

Information Communications And Technology (ict) Industry

The Government has granted licenses for the landing of two submarine fibre optic cables which have enhanced the existing fibre optic network in Antigua and Barbuda. The access to broadband wireless has increased and that the cost of broadband access has decreased by as much as 50% in some sectors.

OPPORTUNITIES

CRITERIA FOR INVESTMENT OR TO OPERATE A BUSINESS The Government of Antigua and Barbuda is pro-investment and is inviting interested parties to submit queries and investment proposals in the Information Communications and Technology Sector to the Ministry of Information, Broadcasting and Telecommunications at the address shown.

The Golden Book of Antigua and Barbuda

to construct IT Centres, Call Centres and IT Parks 3. Approval of work permits for non-citizens possessing expertise and skills not available on island

4. An approved enterprise may import into Antigua and Barbuda free of customs duty and stamp duty: a. Concessions are also granted on the importation of electronic and electrical equipment INCENTIVES PROVIDED and tools, fixtures and BY GOVERNMENT fittings, plant machinery, 1. Exemption from corporate utility and transport income tax for up to 10 years vehicles, office equipment with an option for renewal and appliances

Excellent opportunities exist for development in ICT in Antigua and Barbuda. These opportunities include: 1. E-government services 2. E-business 3. ICT Education and Training 4. ICT goods and services 5. Software Development 2. Waiver of land transfer 6. National ICT e-literacy taxes on lands purchased 7. National Internet Connectivity

b. Spare parts on electronic equipment and tools,

spare parts on plant and plant related machinery c. Any other item imported for use in the approved enterprise that cannot be produced locally. For further information, please contact: The Ministry of Information, Broadcasting and Telecommunications Office of the Prime Minister Queen Elizabeth Highway St. Johnâ&#x20AC;&#x2122;s, Antigua West Indies Telephone: Local 562-3860 International 268-462-0773 Email mibt@antigua.gov.ag

The Golden Book of Antigua and Barbuda

Intellectual Property

INTELLECTUAL by Mrs. Laurie Freeland-Roberts, Registrar of Intellectual Property & Commerce

PROPERTY THE LAW OF SUPPLY AND DEMAND, AND THE CONSUMER Although this statement is profound, it is true. Intellectual property is responsible for the existence of every product that is created by man, whether it is a good or a service. How is this true? Let us examine the elements of intellectual property, and then we will discuss the relationship between intellectual property and our behavioural patterns in the market place and the economic forces that influence such behavioural patterns.

Intellectual property refers to creations of the mind: inventions, literary and artistic works, symbols, names, images, and designs used in commerce. Intellectual property is divided into two categories: Industrial property, which includes inventions (patents), trademarks (English Harbour Rum), industrial designs (architectural drawings, watches, jewelry, etc.), and geographic indications of source (Antigua Black Pineapple); and Copyright,

â&#x20AC;&#x153;

which includes literary works such as novels, poems, plays, reference works, newspapers and computer programs; databases; films, musical compositions, and choreography; artistic works such as paintings, drawings, photographs and sculpture; architecture; and advertisements, maps and technical drawings.

What impact does intellectual property have on consumer demand and supply and on the prices of goods and services? The goods and services we consume contain intellectual property, the rights to which are protected on behalf of the right-holders. The reputation of the goods and services depends on its quality, availability, and price. The quality is assessed by the consumers who are enticed by marketing strategies (such as packaging, advertisement, price, etc.) to purchase the particular product. Demand for a particular product or service represents how much people are willing to purchase at various prices. Thus, demand is a relationship between price and quantity, with all other factors remaining constant. The consumer then marks the product by its brand name and/or packaging that makes it distinct from the other products in the same class. The product is then associated with the manufacturer or the producing company by the consumer. This is the beginning of reputation for the product and the owner(s) of the rights to the product. If the product is of a poor quality, then the consumer will avoid the product unless the price

Without intellectual property, there would be no products; without products, there would be no consumers; without consumers, there would be no markets; and without markets, there would be no economies

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becomes the enticing factor. If the product is of a high quality, then the manufacturers have the luxury of demanding a higher price than the competition, all things being equal. Supply joins demand as one of the components of fundamental commodity market analysis. Supply characteristics relate to the behaviour of firms in producing and selling a product or service. The law of supply can be approached from two different contexts. The first is that it represents the sum total of production plus carryover stocks. The other context for supply describes the behaviour of producers. The market or total supply represents the quantities producers are willing to sell over a range of prices for any given time period. At the individual level, you may be willing to produce a given product as long as the market price is equal to or greater than the cost of producing that product. The total supply is the sum of the individual quantities of product that each farmer brings to the market.

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The Antigua And Barbuda Free Trade And Processing Zone

Free Trade and

Processing Zone The Antigua and Barbuda The four fundamental goals of Free Trade and Processing the Free Trade and Processing Zone was established Zone are: • To ensure that Antigua in 1994 by an Act of and Barbuda achieves the Parliament. It is based Government’s objectives on the legal foundation of diversification and that set guidelines for export-led growth. The the establishment of the objective of diversification includes a reduction in International Business the vulnerability and risk Corporations Act in related to a one-crop Antigua and Barbuda. economy - Tourism and

• To develop a bi-focal

The Free Trade and Processing

economy and to forge

Zone is outfitted with the

domestic linkages which

infrastructure for all major

guarantee sustained and

utilities. Excellent electricity and

balanced growth

telecommunications systems

• To contribute to the country’s economic growth and development and to ensure efficient utilization specifically of the resources of capital and labour.

are in place. The area is not only connected to the national water system provided by the Antigua Public Utilities), but also has a 500,000 imperial gallon (2270 cu/m) water storage facility on the compound.

• To become internationally

the creation of transfer

renowned for excellence

The Free Zone Commission

of technology for a

in information. Technology,

manages and leases land in

diversified source of

administrative efficiency

the Free Trade and Processing

employment and foreign

and related services and

Zone (FTPZ). The Free Trade

exchange.

products.

and Processing Zone Act of

Photo by Neil Forrester

The Antigua and Barbuda

The Antigua And Barbuda Free Trade And Processing Zone

The Golden Book of Antigua and Barbuda

1994 governs the leases of the

for a license and register the

• Market analysis;

Once the application has

Zone. All land leases have to

investment. Entitlements and

• Product and services

been submitted to the FTPZ

be approved by the Cabinet of

benefits under the Antigua

Antigua and Barbuda and be

and Barbuda Free Trade and

• Manufacturing plan;

within 14 days of the receipt

registered at the Land Registry.

Processing Zone Act are only

• Marketing plan;

of the application submit it to

The FTPZ primarily targets

available to a company that

• Financial plan;

the FTPZ Board for examination

foreign direct investment

has been issued a license.

• Risk analysis

and approval. A due diligence

focusing on technology, high

Potential investors may obtain a

2. The proposal is reviewed

levels of technology transfer

license to operate in the Zone by

by the Commissioner

Commissioner can hire a

and activities addressing global

applying to the Commissioner of

and the Board of the

specialized company to do

concerns e.g. green technology

the FTPZ.

FTPZ for initial approval.

this check if he or she deems

If the initial proposal is

necessary. Once the review has

to incorporate and setup within

offered;

Commissioner, he or she shall

check is performed and the

the free zone area. The total

The FTPZ publishes the

approved, the investor

been completed and if the Board

size of the FTPZ is estimated to

Standard Conditions for the

is requested to fill out

is satisfied, it would approve the

be 90 acres with the possibility

Licensing of Business in the

an application form

application for a license upon

of expansion. Presently, there

FTPZ as well as The Investors

for licensing by and

the payment of the prescribed

are two organizations located

Guide to doing Business in

registration in the FTPZ.

processing fee. The license

within the Zone. These are the

the FTPZ which is distributed

The application form is in

should be issued within 14 days

American University of Antigua

to interested investors along

4 parts and includes:

of the payment date. Where

School of Medicine and the

with the application forms, the

government owned Antigua and

FTPZ Act, and a guide to assist

Part I: The investor(s) details

an application it shall advise

Barbuda International Institute

the investor in filling out the

and the nature of the proposed

the applicant in writing within

of Technology. The Zone is not

application forms. The FTPZ

project;

14 days. Once an investment

fully occupied and can grant

also has a website, which can

Part II: The background

license has been granted, the

FTPZ status to interested

be accessed by investors. The

information on investors and

investor can proceed to lease

investors outside the Zone

FTPZ website is: www.zone.

members of the Board of

the land.

compound.

gov.ag

Directors;

the board refuses to approve

Part III: Description of the type There are no set rates applied

To obtain a license, the investor

of equipment and materials

by the FTPZ authority. The

has to go through the following

proposed to be imported in the

interested investor and the FTPZ

process:

duty free by the company; and

Management usually negotiate

1. The investor has to submit

Instructions for completing and

rates and terms of the lease

a project proposal to the

based on the activity of the

FTPZ along with the land

company. The minimum size of

requirements directly

Application forms are

land to be leased is one acre

related to the proposed

available at FTPZ at a cost

and the average period of lease

project. The proposal is

of US$25.00. All applications

is 25 years.

essentially a business plan,

must be accompanied by a

which consists of:

non-refundable application

filing application.

Prior to leasing land in the

• Company background;

processing and due diligence

FTPZ, the investor has to apply

• Organization structure;

fee (US$1025.00).

For more information, please contact: The Antigua & Barbuda Free Trade and Processing Zone Coolidge P.O. Box 817 St. John’s, Antigua West Indies Tel: (268) 481-1650 Fax: (268) 481-1672 E:mail: ftpzone@candw.ag

The Golden Book of Antigua and Barbuda

Buying Land In Antigua

Buying Land

in Antigua Acquiring residential land is not the focus of this chapter. However it is worth noting that the different land laws cited govern residential as well as commercial and industrial use. Antigua and Barbudaâ&#x20AC;&#x2122;s total size is 443 sq km. The size of Antigua Island is 280 sq km, and the size of the Barbuda Island is 161 sq km. With the bulk of the population and commerce concentration in St. Johnâ&#x20AC;&#x2122;s, the capital is located on the northwestern part of Antigua and is mainly commercial. Other residential, commercial and industrial areas are scattered around the island forming smaller neighbourhoods and communities throughout the country. A physical development plan has been proposed by the Development Control Authority (DCA), which is responsible for land-use planning in Antigua and Barbuda. This plan proposes the use of the middle of Antigua primarily for agriculture, grazing and residential purposes. The coastline is to be reserved for residential and tourism projects, which are dotted along the coastline of the island

specifically in the southern, eastern and northern part of the island. Industrial facilities are concentrated in the northern part of the island. The government of Antigua and Barbuda owns 55% of the land in Antigua. The remaining 45% is owned by the private sector. Presently, land ownership is strictly prohibited on the island of Barbuda. The chief custodian for all government land in Antigua and Barbuda is the Lands Department (LD), operating under the Ministry of Agriculture, Lands, Marine Resources (hereafter referred to as the Ministry of Lands). Both citizens and non-citizens can lease or buy land from the government or the private property market. The main Acts that govern and regulate land issues are: the land Acquisition Act, Cap. 233; the Registered Land Act, Cap. 374 of 1975; the Non-citizen Land Holding Regulation Act, Cap. 293;

and the Un-developed NonCitizen Land Tax Act, Cap. 294.

Land Acquisition

An investor can acquire land in Antigua from the government or the private property market. Acquiring land from the government through leasing or buying, either by citizens or non-citizens is always conditional on approval of a proposed project by line ministries and the Cabinet. Effectively, the government of Antigua and Barbuda has an unwritten policy that links the acquisition of government land to the development of a specific project.

Alienâ&#x20AC;&#x2122;s Land Holding License Land sold to non-citizens of Antigua and Barbuda is subject to the Non-Citizen Land Holding Regulation Act. This act makes provisions for non-citizens to obtain a license to purchase land. It is advised that the potential buyer consults the services of a local attorney. Generally, an application form must be obtained, completed and submitted to the Ministry of Agriculture, Lands, Environment, Marine Resources and AgroIndustries. The time taken for the application to be approved varies, but the process is for the Permanent Secretary of the Ministry of Agriculture, Lands, Environment, Marine Resources

and Agro-Industries to send the application with comments/ recommendations to the Cabinet of Antigua and Barbuda. Once approved, it is then sent to the Ministry of Justice and Legal Affairs, then onward to the Governor General for him to execute the decision. The decision is then sent back to the Ministry of Agriculture, Lands, Environment, Marine Resources and Agro-Industries. Here, they will proceed accordingly and inform the purchaser and/or his attorney. Then the purchaser can pay the requisite fees and taxes at the Inland Revenue Department.

DCA Land use for economic purposes is generally defined by commercial, agricultural and industrial/tourism. The Town and Country Planning office of the Development Control Authority (DCA) has outlined designated proposed land usage areas in the country. The Chief Town and Country Planner can be contacted for more information on zoning issues (268) 462-2038.

Identifying Land The government and the private property market are the two main land vendors in Antigua and Barbuda. The government manages several industrial estates and can also offer

Buying Land In Antigua

other plots of land for suitable investment projects. Private property land transactions are primarily focused on land acquisition and leasing commercial and residential space. There is a thriving private market for renting and selling vacation related properties in Antigua. To date, there are no privately owned or managed industrial estates, although the government does not have any specific restrictions or prohibitions for private industrial estate ownership or management. Currently, the government is not considering privatizing any of its existing industrial estates.

Government Land Presently there are seven designated industrial estates on the island of Antigua, all of which are owned and managed by the government. These estates are: 1. This Cassada Gardens Industrial Estates, 2025 acres, managed by the LD. This estate is completely occupied. 2. Gunthropes Industrial Estate, 15-20 acres, managed by LD. The Gunthropes Estate is entirely occupied. 3. Tomlinson Industrial Estate, 10 acres, managed by LD. This estate is completely occupied. 4. Paynters Industrial Estate, 40 acres, managed by LD. The Paynters Industrial Estate is partially occupied. 5. Crabbs Industrial Estate, 60-80 acres, managed

by the LD. This estate is partially occupied. 6. The Free Trade and Processing Zone, total size is 90 acres, managed by the Free Trade and Processing Zone Commission. The zone is partially occupied. 7. The Coolidge Industrial Estate, 15 acres, managed by the Industrial Development Board. The estate is partially occupied. The Land Department (LD) manages five of the industrial estates listed above. The LD has limited authority to lease land in established industrial estates directly. The LD can process leases without the approval of the Cabinet only if the lease is for two years or less and or of less than one acre plots. All other leases processed by the LD have to go through a Cabinet approval process and should be registered at the Land Registrar. The Free Trade and Processing Zone (FTPZ) facilitates and processes land lease applications within the zone. All land leases in the zone must be approved by the Cabinet and should be registered with the Land Registrar. The Free Trade and Processing Zone does not have the authority to lease land unilaterally. The Industrial Development Board manages and leases shelled space in the Coolidge Industrial Estate. The IDB has the authority to lease shelled space without the approval of the Cabinet. All leases longer that two years have to be registered with the Land Registrar.

The Golden Book of Antigua and Barbuda

Industrial Estates Managed by the Lands Department The five industrial estates managed by the LD comprise a total land area of approximately 170 acres. An estimated 40-45% of the total industrial estate land that is owned by the government has already been purchased by the private sector. There are three options for investors interested in acquiring land from the Land Department. The investors can: a) lease for a two year period with an option to buy; b) lease for more than two years; or c) by the property outright. The Land Department estimates that the majority of present tenants (55-60%) are leasing. Although leases are not limited to citizen investor only, the industrial estates that are managed by the LD primarily cater for local investors. The lease rate for serviced land is subsidized to encourage investors to develop commercial or industrial enterprises as stated by the LD.

Leasing Lands from the Land Department If the lease is for more than ten acres, the lease rate can be negotiated and the landlord (the LD) can adjust the rate depending on a valuation process that the LD conducts. The valuation variables can include the market value of the land, the economic activity of the venture, the type of industry, the state of the economy, and other variables that the LD deems fit.

The set rent rates are reviewed every five years and can appreciate unless the Cabinet puts a cap on the lease rate. The period of the leases and other conditions are usually negotiated and agreed upon by the LD and the prospective tenant. Leases are governed by the Registered Land Act of 1975. Lease terms include the following main items: • Land registration section; • Block; • Parcel • Name of the lessee; • Name of the lessor; • Size of parcel; • Rent rate per annum; • Number of years the land is to be leased; • Intent of use; • General terms of the lease; • Exit conditions; • Payment terms; • Law applicable; • Date and authorizing signatures. All leases that are longer than two year have to be registered at the Land Registrar as per article 46 of the Registered Land Act. Otherwise they are not considered legally binding at the local courts.

For more information, please contact: The Ministry of Agriculture, Lands, Marine Resources, Environment and Agro-Industry Queen Elizabeth Highway and Independence Drive P.O. Box 1282 St. John’s, Antigua West Indies Tel: 268 462 1007/8/9 Fax: 268 462 6104

Agriculture

Agriculture Traditional estate During recent years, Antigua and Barbuda has agriculture, which been one of the OECS typified crop growing Member States that has in Antigua and recorded growth in the agricultural sector. This Barbuda for more growth can be attributed than three centuries, to the high level of is now characterized production technology that is applied in crop, livestock by a mixed farming and fishing enterprises. system that involves This investment trend is likely to continue due to both crop and the high level of interest livestock enterprises. being demonstrated by Agriculture’s current the private sector – both in primary production and contribution to the agro-processing. Gross Domestic Product (GDP) is 4.5 Investment %, with the fisheries Opportunities In an effort to reduce and livestock sub- the high food import sectors being the bill, the Government of Antigua and Barbuda has faster growing areas employed a strategy of in agriculture. encouraging investments by the private sector in these following areas: -

• Pineapple Ananas comosus var. Antigua Black • Sea Island Cotton. Gossypium barbadense – var. MSI • Primary production – vegetables and food crops • Agro-processing • Dairy production • Broiler production • Fishing using artesenal and deep sea fishing technology The application of appropriate agricultural technology is now receiving greater appreciation from farmers, as well as investors throughout Antigua and Barbuda.

However, there is a significant need for investment capital for the development of technology and the diversification of the agricultural economic base. As indicated earlier, there is need for private sector investment for both primary and secondary production.

Antigua Black Pineapple Much progress is being made in the production of the Antigua Black Pineapple, both on the government’s operated station at Cades Bay and also a number of small farms in Claremont, Old Road, Orange Valley, Patterson’s and Sweetes. The Ministry of Agriculture has created a policy directive in order to limit pineapple fruit

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The Golden Book of Antigua and Barbuda

production. The policy also addresses the shortage of pineapple suckers, and aims to increase pineapple planting material. This action has resulted in an excess of pineapple suckers, which has produced an ideal opportunity for pineapple farmers, as well as for investors to invest in the fruit’s production enterprises. Pineapple is one of the more lucrative areas in agriculture and offers great investment opportunity.

Sea Island Cotton var MSI Sea Island cotton is said to be the world’s finest cotton. The soil, temperature and rainfall in Antigua and Barbuda provide the optimal conditions for the production of Sea Island cotton. The quality of Sea Island cotton produced in Antigua and Barbuda has caused the produce’s breakthrough into the Japanese market at premium prices i.e. US$8.50 per lb, or US $18.70/kg. All cotton that is produced locally is exported to Japan. Nonetheless, there is evident potential for expansion of the cotton industry on the domestic market.

Vegetable and Food Crop Production Agro-Tourism linkage has become a critical part of the development of the agricultural sector in Antigua and Barbuda. Traditionally, hoteliers and food purveyors have depended heavily on the importation of food, with the claim that local agricultural production was generally inconsistent. Within the past three years however the Government, within the assistance of the UN/ FAO and Organization of American States (OAS) has been able to both identify the

underlying impediments to agro-tourism linkages, and facilitate the development of such linkages. One project through which farmers benefited tremendously in the development of marketing capabilities was executed with the Government’s support by a nongovernmental organizationthe Gilbert Agricultural and Rural Development Centre (GARDC). There is considerable investment potential within the vegetable and food crop sub-sector. This potential mainly involves salad vegetables such as lettuce, cucumber, tomatoes and also water melons, which are popular commodities within the tourism industry. Onions and carrots also provide many opportunities for both domestic and regional markets.

Livestock The livestock industry in Antigua and Barbuda is one of the fastest growing areas within the agricultural sector. The industry currently represents about 40,000 goats, 27,000 sheep and 15,000 heads of cattle. The development of the industry is integral to the country’s overall agricultural sector. The Government has built a modern abattoir at North Sound, and a Pound at Paynters. There is also an on-going programme

for the eradication of the Tropical Bont Tick. This project is sponsored by the United Department of Agriculture (USDA), CARICOM, FAO and the Government of Antigua and Barbuda. Based on the current livestock population, there is a platform for the expansion of the livestock industry. In fact, the Government is committed to offer incentives to private investors who may desire to explore the development of the livestock industry in Antigua and Barbuda.

The Golden Book of Antigua and Barbuda

the migratory and demersal species. In addition, the country’s Exclusive Economic Zone (EEZ) extends in excess of 1,000 square miles. This makes it one of the largest fisheries within the OECS.

Agriculture can only develop if the environment in which all stakeholders operate is suitable for quality production. It is imperative that farmers are able to produce to Fisheries The Ministry of Agriculture, their highest potential. It is equally important that Lands and Fisheries technicians can offer the has formulated a best advice, and that all comprehensive fisheries collaborators can easily development plan, access information for which incorporates the establishment of fisheries sound decision-making. landing facilities at Parham and Urlings. The objective This is the basis for the new Agricultural Sector of the plan is to assist Plan, which the Ministry of fishermen who reside in Agriculture, Lands, Marine those communities. The Resource and Agro-Industry facilities at Parham have has recently introduced. already been functioning. The Plan is intended to A further Fishing facilities offer guided focus to the has been constructed at Point wharf to address the development of each sub-sector, and to highlight needs of fisher folk in the Western part of the island. avenues for investment. The fisheries sub-sector holds the greatest potential for development within the agricultural sector, as there is need for the introduction of more sophisticated fishing technologies to harvest

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Agriculture

more essential to economic growth, but vital in ensuring national food security.

Incentives within the Agricultural Sector As mentioned previously, agriculture’s current contribution to the Gross Domestic Product (GDP) is approximately four point five percent (4.5%). In addition, Antigua and Barbuda is a net importer of approximately seventy fiver percent (75%) of food, and food supplies.

With the exception of cereals, sugars, and to The desired objective of some extent, oils and fats, agriculture achieving 10% Antigua and Barbuda can of GDP is totally realistic, produce more than 95% of when one considers the all vegetables, food crops, innate fragility and on-going fruits, fish, meat, and milk fears within global tourism. products for the domestic It is not only conceivable market, using the most that agriculture will become appropriate technology.

The Golden Book of Antigua and Barbuda

Agriculture

Cotton by ABIA

to investors in agriculture and agriculture-related activities for both nationals as well as non-nationals.

In addition, policy directives recently enunciated by the Ministry of Agriculture, and generous incentives have created the appropriate investment climate within Agricultural Sector. The resultant

effects of these policy directives are likely to positively impact the overall growth and development of the sector within the economy of Antigua and Barbuda. Below are some of the major incentives offered

Favourable terms and conditions in respect of Non-Citizens Land Holding Licenses. • Concessions on land rental and leasing arrangements. • Personal Allowance on income for the first E.C.$36,000.00 per annum

1. Items identified for Duty free concessions are subjected to evaluation both by the Ministries of Agriculture and Finance.

• Duty free concessions1 offered on the following items: • Tractors and implements • Transport (pickups, etc…) • Agricultural inputs (seeds, agro-chemicals, tools, animal feed, medication etc.) • Free technical advice offered by the Ministry of Agriculture in respect to project appraisal, implementation and monitoring.

• Development, financing and technical advice offered by the Antigua and Barbuda Development Bank (ABDB), in respect of agricultural and related projects. For more information, please contact: Ministry of Agriculture Queen Elizabeth Highway St. John’s, Antigua West Indies Tel: 462-1007/8/9 Fax: 562-1303

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Education

The Golden Book of Antigua and Barbuda

Education

Antigua and Barbuda has enjoyed a long history of achievement in the field of education, much of which has been documented in the annals of the educational history of the Caribbean. Over the past fifty years, and especially within the last twenty years, the education system in Antigua and Barbuda has developed significantly. Despite its relatively small size and limited resources, Antigua and Barbuda has managed to provide a good standard of education to its citizens and residents, and has produced an impressive number of students of sterling scholastic ability and worldwide achievement.

As we usher in the age of globalization and increased regionalism, the education system prepares itself for the inevitable challenges that will accompany this new environment. With its strong belief in the capacity and resilience of its people, the education system strives to encourage the potential of every Antiguan and Barbudan.

Early Childhood

Government of Antigua and Barbuda recognizes the critical importance of early childhood education in the developmental process of the individual. Through its Early Childhood Education Center situated at Gunthorpes, the Government assumes responsibility for the registration and monitoring of all childhood environments. Over the years, a local office of UNESCO has also assisted in the development of our Early Childhood Education. Currently, there are over 100 day care/ early childhood centers in Antigua and Barbuda.

Over the years, Antigua and General Education Barbuda has seen a remarkable General Education in Antigua increase in the number of and Barbuda comprises of the Early Childhood Centers. These following: educational facilities cater to the • Primary education catering needs of children between the to children between the ages ages of 3 and 5. As more and of 5 and 12 more mothers enter the workforce • Secondary Education and take on professional lifestyles, catering to children between the need for childhood educators the ages of 12 and 18 and daycare providers is even • Tertiary (College-level) greater than before. education, catering to young adults 18 years and older Traditionally, such educational services have been provided The Education Act of 1973 by private and charitable acknowledges that is the right of organizations. However, the

every Antiguan and Barbudan to receive an education up to the secondary level entirely free of cost. In fact, the Education Act provides for compulsory education for all citizens and residents between the ages of 5 and 16 years. A new Education Act is presently being contemplated, and may well raise the age of compulsory schooling to 18 years. This amendment depends on the outcome of public consultations on a new draft Education Bill, which is currently underway. Today, there are some 30 or so Government-managed primary schools and an almost equal number of private primary schools which cater to the needs of the nation’s 5-12 year age group. During these formative years, emphasis is placed on the following core subjects: Language Arts, Mathematics, Caribbean Social Studies, General Science and Physical Education. In addition to these core subjects, significance is given to curriculum- enrichment programs which include the performing arts – singing, dance, drama, music – and Social and Emotional Learning

programs, which stress character building, teamwork, values etc. The aim of these courses is to produce well-rounded students who are cultured, articulate and socially conscious. Within the public primary school system, more than 80% of the teaching staff has received formal professional training accredited by the University of the West Indies, since the Government grants full two-year scholarships annually to roughly 25 primary school teachers. The Teacher Training Department of the Antigua State College offers Associate Degrees in Teacher Education. After completing seven years of primary education, students gain access to the non fee-paying Government-operated secondary schools by means of a nationally produced examination, the Common Entrance Examination. Approximately 70% of the primary students who sit the Examination secure places in the public secondary school system. Students whose test scores show that they are not yet ready to attend secondary school

The Golden Book of Antigua and Barbuda

education are assigned places in Junior Secondary Schools, where remediation is emphasized. Students are prepared for re-entry into the secondary stream or for entry into pre-vocational training centres.

Education

technical/ vocational subject. During the senior years, students are permitted some degree of specialization, which in effect, concludes their formal secondary education.

Upon completion of the secondary cycle, students in all secondary The secondary or intermediary schools in Antigua and Barbuda stage of education is just as write Final Examinations that are important as the foundation prepared and assessed by the stages of Early Childhood and Caribbean Examination Council, Primary Education. The average CXC- the official examining body student completes the secondary for the Caribbean Community stage within five years, but may CARICOM. The results of the complete the cycle within a CXC examinations are used by maximum of eight years. employers, as well as by local and international learning institutions, This stage of development is as an important criterion for entry critical, as it determines both the into the world of work, or into potential capacity of the workforce, institutions of further and higher as well as the quality and quantity learning. of resources available for further and higher education and training. It is expected that by 2007, It is perhaps the most challenging Universal Secondary Education stage to education planners, as no will be a feature of the education effort is spared in ensuring that system of Antigua and Barbuda. all students, with their varying In preparation for this eventuality, interests, learning styles and levels school institutions are being of motivation, are provided with expanded and improved, and an educational program that is great attention is being given relevant, meaningful and effective. to curriculum revision and development. At present, eight government-run secondary schools exist in Antigua, Tertiary Education: and one exists on the sister island Institute of Technology The Antigua and Barbuda of Barbuda. In addition, there are International Institute of Technology six private secondary schools (ABIIT) is a tertiary level institution in Antigua, four of which are which offers curriculum programs denominational in character, and that provide associate degrees in are operated respectively by the information technology. In addition, Catholic Church, the Seventh Day of Adventists and the Baptist Faith. the institute prepares students who are interested in pursuing For the most part, all secondary business career pathways, and schools in Antigua and Barbuda, offers a one-year diploma program both private and public, pursue in Architectural Technology. a similar curriculum coordinated through a national Curriculum The Antigua and Barbuda Development Unit. Generally, International Institute of students in the lower secondary Technology is a first class classes- the first three yearspursue the following core subjects: computer institute which accommodates both full-time English Language and Literature, and part-time students. With Mathematics, Integrated Science, at least one social science, French an extensive and expanding curriculum, our institute is open and/or Spanish and at least one

Secondary Education:

to both local and international students. ABIIT possesses qualified lecturers, lab assistants and library services to ensure the overall success of its pupils. The use of audio/visual and electronic equipment in the classrooms also provides students with a compelling, interactive learning experience.

Vision

awareness and access to training options available on the World Wide Web. • Provide computer and information technology training in disciplines required by the business community. • Eliminate the prohibitive cost associated with pursuing further education overseas, and encourage more Antiguans and Barbudans to pursue computer and information technology as career options.

A main objective of the Antigua and Barbuda International Institute of Technology is to become the leading Information Technology and Computer Training Institution The Antigua State College in the Caribbean. The Antigua State College, located in Golden Grove, provides Rationale students with an excellent It is expected that such an educational experience at the institution will encourage more tertiary level. The various courses students to pursue Information at the institution equips students Technology and business careers with the knowledge required to in Antigua and Barbuda. ABIIT complete undergraduate degrees maintains a comprehensive abroad, as well as with the skills two-year degree foundation needed for success in the general program for success in four-year work environment. undergraduate programs at other institutions of higher learning in Over the years, the Antigua State these fields. College has produced a number of We aim to provide a positive impact in Information technology and business by meeting employment needs in information technology services and by benefiting the business industry in general.

Goals • Train personnel to develop Information Technology products for an international market • Provide essential Information Technology training for Antiguans and Barbudans, Caribbean nationals and international students. • Meet the growing demand for information technology education at all levels. • Increase the knowledge and use of technology in teaching. Increase

highly skilled students. Graduates of the college are significant contributors to the society of Antigua and Barbuda. The institution offers courses at the Diploma, Associate and Baccalaureate levels in the following subjects: • A’ Levels • Business Studies • Education • Mechanical Engineering • Engineering and Construction • Electronics • Trades (TVET) • International Marketing and Trade • Human Resource Management • Linguistics • Nursing • Pharmaceuticals • Science • Humanities

Antigua Barbuda Hotel Training Institute

The Golden Book of Antigua and Barbuda

Contact: ABHTI P.O. Box 434 Hospitality Drive, Dutchmans Bay St.John’s, Antigua West Indies

Antigua Barbuda

Tel: 268-462-3066 Fax: 268 462-8782

Hotel Training

Institute ABOUT US

Rooms, Front Office and

Restaurant

host special events. Many

Computer Laboratory,

Certificate Programs

Antigua offers up to date

The picturesque ABHTI

birthday, retirement,

first class training to

a Library, two Kitchens,

•

Basic Cookery (1

is also the setting for its

cocktails, anniversary

persons seeking a career

a Dining Room, a

year)

training Restaurant open

parties and wedding

Food & Beverage

to the public during the

receptions have been

Service (1 year)

school term on specific

held in the historic main

Housekeeping

days between 12 noon –

building, on the terrace and

(1year)

2:00 p.m. The restaurant

on the beautiful grounds.

showcases the students

The Institute’s Conference

Students are exposed

culinary and F & B skills.

Room is also well equipped

to both theoretical and

The public both resident

to host meetings, training

practical instruction at the

and visitors are invited

and conferences for small

in Hospitality and Tourism. Conference Room and a model Hotel Room & The Antigua & Barbuda Hospitality Training

Laundry.

Institute located at picturesque Dutchman’s Bay, was established in

ACADEMIC PROGRAMS:

1981 to provide education The Institute offers programs of study to and training to persons

• •

interested in gaining

young school leavers and

employment in the

mature students in the

Institute, complimented by to visit the campus and enjoy a tasty meal with an internship experience

hospitality and tourism

following areas:

at various hospitality

industry.

•

Associate Degree

•

Hospitality

Plans are in the works to facilities on the island. The tranquil environment away from the hustle and expand the curriculum to Institute also offers short

After a 1998 upgrade

Management

courses in response to

the ABHTI reopened in

Diploma (2 years)

industry and public need.

2003 offering updated

•

programs in a remodeled

Culinary Arts

a relaxing view in a cool

heat of St. John’s.

groups.

FUTURE PLANS:

offer certification short courses, additional degree

Events Hosting,

program, expand student

Diploma (2 years)

SERVICES:

Meetings &

enrollment to 300 and

and expanded facility.

•

Diploma Programs

ABHTI also offers non

Conferences

the physical campus with

The new facility consists

•

Food & Beverage

academic services to

With is well equipped

additional classrooms,

of six major buildings

Operations (2 years)

the public through its

facilities, ambience and

multipurpose auditorium,

namely: an Administrative •

Reception and Sales

restaurant and event

professional team ABHTI

student center and a 20

Building, Four Lecture

(2 years)

hosting.

is available for rent to

room training hotel.

The Golden Book of Antigua and Barbuda

Useful Addresses

Investment Contacts

Private Sector Agencies

Antigua and Barbuda Investment Authority

Antigua Hotels and Tourist Association

Antigua & Barbuda Cruise Tourism Association

PO Box 454, Island House, Newgate House, St John’s, Antigua T 268 462 0374, F 268 462 3702 E ahta@candw.ag

P.O Box 162, Redcliffe Street, St John’s, Antigua T 268 480 1244, F 268 462 0170 E abcta@candw.ag

P.O Box 80, Sagicor Financial Center, 9 Factory Road, St John’s, Antigua T 268 481 1000/1/2/3, F 268 481 1020 E abia@antigua.gov.ag

Tourism Offices USA Antigua & Barbuda Department of Tourism 3 Dag Hammarskjold Plaza, 305 E 47th Street – Suite 6A New York, NY 10017,U.S.A. T 212 541 4117 F 646 215 6008 E info@antiguabarbuda.org

Canada Antigua & Barbuda Tourist Office 60 St Clair Avenue E, Suite 601, Toronto, Ontario, M4T 1N5 Canada T 416 961 3085 F 416 961 7218 E info@antiguabarbuda-ca.com

In the United Kingdom Antigua & Barbuda Tourist Office 2nd Floor 45 Crawford Place, London W1H 4LP T 207 258 0070 F 207 258 3826 E enquiries@antiguabarbuda.com

Embassies and Consulates abroad Belgium and European Embassies of the Eastern Caribbean States Rue de Livorne 42 B-1000 Brussels, Belgium T 32 2 534 2611 F 32 2 539 4009 E ecs.embassies@ skynet.be

Canada Consulate General of Antigua & Barbuda 60 St Clair Avenue E, Suite 601, Toronto, Ontario, M4T 1N5 Canada T 416 961 3085 F 416 961 7218 E info@antiguabarbuda-ca.com

United Kingdom High Commission for Antigua & Barbuda 2nd Floor, 45 Crawford Place, London W1H 4LP T 207 258 0070 F 207 258 3826 E enquiries@antiguabarbuda.com

Representing Germany, Austria, Switzerland & Northern Europe Antigua & Barbuda Department of Tourism Thomasstrasse 11, D-61348 Bad Homburg, Germany T 061 72 21504 F 061 72 21513 E antigua-barbuda@ karibik.de

In Italy Antigua & Barbuda Department of Tourism Via Santa Maria, Alla Porta 9, 20123, Milan, Italy T039 02 877983 E infoantigua@ antigua-barbuda.it

In France Office du Tourisme d’Antigua et Barbuda 43 Avenue de Friedland 75008 Paris, FRANCE T 33 1 53 75 15 71 F 33 1 53 75 15 69 E ot.antiguabarbuda@wanadoo.fr

USA Embassy of Antigua & Barbuda and Permanent Mission to the OAS OECS Building, 3216 New Mexico Avenue NW Washington D.C. 20016 T 202 362 5122 F 202 362 5225 E embantbar@aol.com

Consulate General of Antigua & Barbuda 25 S.E. 2nd Avenue, Suite 330, Miami, Florida 33131

Permanent Mission to the United Nations 3 Dag Hammarskjold Plaza, 305 E 47th Street – Suite 6A New York, NY 10017,U.S.A. T 212 541 4117 F 212 757 1607 E antigua@un.int

Government Ministries Office of the Prime Minister Queen Elizabeth Highway T 268 460 8169 F 268 462 3225 Ministry of Foreign Affairs Queen Elizabeth Highway T 268 462 1052 F 268 462 2482 Ministry of Works and Transportation St John’s Street, St John’s T 268 462 0890/1/2 F 268 462 2622

Ministry of Finance & the Economy Old Parliament Drive St John’s T 268 462 4860 F 268 462 5093 Ministry of Tourism, Civil Aviation, Culture & the Environment Queen Elizabeth Highway St John’s T 268 462 0480 F 268 462 6398

Ministry of Justice/ Ministry of Legal Affairs & Public Safety PO Box 118, St. John’s T 268 460 9480 F 268 462 2465 Ministry of Housing and Social Transformation Dickenson Bay & Popeshead Street St. John’s T 268 562 514 F 268 562 5389

Ministry of Labour, Public Administration and Empowerment Nevis Street and Friendly Alley T 268 462 1979/80 F 462 2906 Ministry of Education Sports and Youth affairs Queen Elizabeth Highway St John’s T 268 462 0192/3 F 268 462 4970

Ministry of Health Lower High & Long Street St. John’s T 268 462 5522 F 268 462 5003 Ministry of Agriculture, Lands, Marine Resources & Agro Industries Queen Elizabeth Highway, PO Box 1282, St John’s T 268 462 1007/8/9 F 268 462 6104

Antigua and Barbuda come be part of our family

Worldâ&#x20AC;&#x2122;s Best Beach Resort as voted by Luxury Travel Magazine

Best Wedding Island of the Year as voted by Caribbean World Magazine

Best Beach Destination in the World as voted by the editors of www.expedia.co.uk

Children love Antigua and Barbuda â&#x20AC;&#x201C; and we love having them here! Antigua and Barbuda can be as relaxing or as action packed as you please, with an inexhaustible supply of fun ways to keep children happy, so you can relax safe in the knowledge that your children are having the time of their lives. As well as a host of activities above and below the water, many hotels offer kids clubs and child-specific activities. And for a touch of adventure try the new Rainforest Canopy Tour and Pirates of Antigua boat trip. Whilst famous for our safe and stunning white powder-sand beaches (over 365 to choose from) and crystal-clear waters, Antigua hosts fascinating historical sites too, and with accommodation to suit every budget, and restaurants to suit every taste, come and enjoy the best of what the Caribbean has to offer in this beautiful island paradise. For more details visit www.antiguahotels.org or www.antigua-barbuda.org