The formation of an IBC can be carried out by a local resident agent, such as an accountant, attorney or trust company. Formation can be achieved in as little as 24 hours and involves the following:
- The resident agent must submit a request for a name approval . The name should reflect the corporate purpose of the company.
- Once the request is approved, a copy of the approval is faxed to the resident agent .
- The resident agent must then submit the following documents in triplicate:
- Articles of Incorporation which must include the following:
- The approved name of the proposed corporation;
- particulars on the registered office and resident agent;
- The authorized number of shares (at least 1).
- The number of directors (at least 1).
- Arestriction to corporate purpose clause, and
- The signatures of two incorporators one of whom must be a practicing attorney in Antigua and Barbuda .
- Application for International Business Charter which must be consistent with the Articles of Incorporation.
- tice of change of registered office/agent
- Notice of Directors
- By-laws (optional).
- Articles of Incorporation which must include the following:
- A Certificate of Incorporation is issued.