Offshore education is proving a lucrative sideline for Antigua and Barbuda, and gives the country a year-round influx of visitors. Little wonder, then, that its government is making strides to enhance its reputation in this field.
Latest articles from Antigua and Barbuda
Antigua and Barbuda was a pioneering player in the online gaming industry, and can list a host of successes among its homegrown tech businesses. Now the launch of the country's Government Assisted Technology Endeavour looks set to enhance its reputation in the information and communications technology sector.
Antigua and Barbuda's farmers produce a wide variety of fruits in abundance, the vast majority of which is consumed locally. Steps have been taken to export these products, but the industry is very much in its early stages, meaning opportunities aplenty for investors.
Thanks to its profusion of sun-soaked beaches, tourism will always be a pillar of Antigua and Barbuda's economy, but its government is keen to diversify the country's appeal beyond traditional leisure tourism and into medical tourism and offshore learning. It has also proposed a new citizenship programme, aimed at attracting high-net-worth individuals to invest in the country.
Despite its small size, Antigua and Barbuda's economic integration with other Caribbean jurisdictions gives its companies a huge market to do business with, says the minister of finance, economy and public administration. However, the island's image of being a tax haven is one that will have to be shed in order to achieve bigger growth.
Dogged by preconceptions of the region being a little more than a holiday retreat or a tax haven, investment promotion agencies in the Caribbean are focusing upon providing the best possible service to would-be investors – both large and small – in order to attract international businesses to their countries.
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