Doing Business 2018 Antigua and Barbuda

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Doing Business 2018 Antigua and Barbuda
Doing Business 2018   Antigua and Barbuda

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Doing Business 2018 Antigua and Barbuda
Doing Business 2018       Antigua and Barbuda

                                    Economy Profile of Antigua and Barbuda

                                          Doing Business 2018 Indicators
                                     (in order of appearance in the document)

Starting a business                 Procedures, time, cost and paid-in minimum capital to start a limited liability company

Dealing with construction permits   Procedures, time and cost to complete all formalities to build a warehouse and the quality
                                    control and safety mechanisms in the construction permitting system

Getting electricity                 Procedures, time and cost to get connected to the electrical grid, the reliability of the
                                    electricity supply and the transparency of tariffs

Registering property                Procedures, time and cost to transfer a property and the quality of the land administration
                                    system

Getting credit                      Movable collateral laws and credit information systems

Protecting minority investors       Minority shareholders’ rights in related-party transactions and in corporate governance

Paying taxes                        Payments, time and total tax rate for a firm to comply with all tax regulations as well as post-
                                    filing processes

Trading across borders              Time and cost to export the product of comparative advantage and import auto parts

Enforcing contracts                 Time and cost to resolve a commercial dispute and the quality of judicial processes

Resolving insolvency                Time, cost, outcome and recovery rate for a commercial insolvency and the strength of the
                                    legal framework for insolvency

Labor market regulation             Flexibility in employment regulation and aspects of job quality

                                                                                                                                       Page 2
Doing Business 2018          Antigua and Barbuda

About Doing Business

The Doing Business project provides objective measures of business regulations and their enforcement across 190 economies and selected
cities at the subnational and regional level.

The Doing Business project, launched in 2002, looks at domestic small and medium-size companies and measures the regulations applying
to them through their life cycle.

Doing Business captures several important dimensions of the regulatory environment as it applies to local firms. It provides quantitative
indicators on regulation for starting a business, dealing with construction permits, getting electricity, registering property, getting credit,
protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. Doing Business also
measures features of labor market regulation. Although Doing Business does not present rankings of economies on the labor market
regulation indicators or include the topic in the aggregate distance to frontier score or ranking on the ease of doing business, it does present
the data for these indicators.

By gathering and analyzing comprehensive quantitative data to compare business regulation environments across economies and over time,
Doing Business encourages economies to compete towards more efficient regulation; offers measurable benchmarks for reform; and serves
as a resource for academics, journalists, private sector researchers and others interested in the business climate of each economy.

In addition, Doing Business offers detailed subnational reports, which exhaustively cover business regulation and reform in different cities and
regions within a nation. These reports provide data on the ease of doing business, rank each location, and recommend reforms to improve
performance in each of the indicator areas. Selected cities can compare their business regulations with other cities in the economy or region
and with the 190 economies that Doing Business has ranked.

The first Doing Business report, published in 2003, covered 5 indicator sets and 133 economies. This year’s report covers 11 indicator sets
and 190 economies. Most indicator sets refer to a case scenario in the largest business city of each economy, except for 11 economies that
have a population of more than 100 million as of 2013 (Bangladesh, Brazil, China, India, Indonesia, Japan, Mexico, Nigeria, Pakistan, the
Russian Federation and the United States) where Doing Business, also collected data for the second largest business city. The data for these
11 economies are a population-weighted average for the 2 largest business cities. The project has benefited from feedback from
governments, academics, practitioners and reviewers. The initial goal remains: to provide an objective basis for understanding and improving
the regulatory environment for business around the world.

The distance to frontier (DTF) measure shows the distance of each economy to the “frontier,” which represents the best performance
observed on each of the indicators across all economies in the Doing Business sample since 2005. An economy’s distance to frontier is
reflected on a scale from 0 to 100, where 0 represents the lowest performance and 100 represents the frontier. The ease of doing business
ranking ranges from 1 to 190. The ranking of 190 economies is determined by sorting the aggregate distance to frontier scores, rounded to
two decimals.

More about Doing Business (PDF, 5MB)

                                                                                                                                                   Page 3
Doing Business 2018                 Antigua and Barbuda

         Ease of Doing Business in                                                                                              DB 2018 Rank
                                                Region                 Latin America & Caribbean
                                                                                                               190                                         1
      Antigua and Barbuda
                                                Income Category        High income                                                    107
                                                                                                                        DB 2018 Distance to Frontier (DTF)
                                                Population             100,963
                                                                                                                 0                               100

                                                City Covered           St. John's                                                           59.63

                                                               DB 2018 Distance to Frontier (DTF)

                       0                                                                                                                 100
                                                                                                   67.27: Jamaica (Rank: 70)

                                                                                           60.96: Dominica (Rank: 98)

                                                                                           60.68: Trinidad and Tobago (Rank: 102)

                                                                                         59.63: Antigua and Barbuda (Rank: 107)

                                                                                         58.66: Regional Average (Latin America & Caribbean)

                                                                                 52.94: Grenada (Rank: 142)

Note: The distance to frontier (DTF) measure shows the distance of each economy to the “frontier,” which represents the best performance observed on each of the
indicators across all economies in the Doing Business sample since 2005. An economy’s distance to frontier is reflected on a scale from 0 to 100, where 0 represents the
lowest performance and 100 represents the frontier. The ease of doing business ranking ranges from 1 to 190.

Rankings on Doing Business topics - Antigua and Barbuda

         1

         28                                                                                                                                      33
                                                39

         55

         82
 Rank

                                99                                                                 96
                                                                                                                                101
        109                                                     118
                126                                                                                                                                              128
        136                                                                                                     144
                                                                                 159
        163

        190

              Starting       Dealing          Getting        Registering      Getting         Protecting       Paying          Trading         Enforcing        Resolving
                 a            with           Electricity      Property        Credit           Minority        Taxes           across          Contracts       Insolvency
              Business     Construction                                                       Investors                        Borders
                             Permits

Distance to Frontier (DTF) on Doing Business topics - Antigua and Barbuda

        100

               81.69                          83.50
        80
                              67.09                                                                                             68.73            68.11

                                                               56.61                                           58.69
        60
DTF

                                                                                                51.67

        40                                                                                                                                                       35.26

                                                                                 25.00
        20

         0

              Starting       Dealing          Getting        Registering       Getting         Protecting      Paying          Trading         Enforcing        Resolving
                 a            with           Electricity      Property         Credit           Minority       Taxes           across          Contracts       Insolvency
              Business     Construction                                                        Investors                       Borders
                             Permits

                                                                                                                                                                            Page 4
Doing Business 2018             Antigua and Barbuda

        Starting a Business

  This topic measures the paid-in minimum capital requirement, number of procedures, time and cost for a small- to medium-sized limited
  liability company to start up and formally operate in economy’s largest business city.

  To make the data comparable across 190 economies, Doing Business uses a standardized business that is 100% domestically owned, has
  start-up capital equivalent to 10 times income per capita, engages in general industrial or commercial activities and employs between 10 and
  50 people one month after the commencement of operations, all of whom are domestic nationals. Starting a Business considers two types of
  local limited liability companies that are identical in all aspects, except that one company is owned by 5 married women and the other by 5
  married men. The distance to frontier score for each indicator is the average of the scores obtained for each of the component indicators.

  The most recent round of data collection for the project was completed in June 2017. See the methodology for more information.

      What the indicators measure                             Case study assumptions

  Procedures to legally build a warehouse                    To make the data comparable across economies, several assumptions about the
  (number)                                                   business and the procedures are used. It is assumed that any required information is
                                                             readily available and that the entrepreneur will pay no bribes.
●
      Submitting all relevant documents and obtaining
      all necessary clearances, licenses, permits and
                                                             The business:
      certificates
●
      Submitting all required notifications and receiving    - Is a limited liability company (or its legal equivalent). If there is more than one type
      all necessary inspections                              of limited liability company in the economy, the most common among domestic firms
                                                             is chosen. Information on the most common form is obtained from incorporation
●
      Obtaining utility connections for water and
                                                             lawyers or the statistical office.
      sewerage
                                                             - Operates in the economy’s largest business city and the entire office space is
●
      Registering and selling the warehouse after its        approximately 929 square meters (10,000 square feet). For 11 economies the data
      completion                                             are also collected for the second largest business city.
                                                             - Is 100% domestically owned and has five owners, none of whom is a legal entity;
  Time required to complete each procedure
                                                             and has a start-up capital of 10 times income per capita and has a turnover of at
  (calendar days)
                                                             least 100 times income per capita.
●
      Does not include time spent gathering information      - Performs general industrial or commercial activities, such as the production or sale
●
      Each procedure starts on a separate day (2             of goods or services to the public. The business does not perform foreign trade
      procedures cannot start on the same day)               activities and does not handle products subject to a special tax regime, for example,
                                                             liquor or tobacco. It does not use heavily polluting production processes.
●
      Procedures fully completed online are recorded
                                                             - Leases the commercial plant or offices and is not a proprietor of real estate and the
      as ½ day
                                                             amount of the annual lease for the office space is equivalent to 1 times income per
●
      Procedure is considered completed once final           capita.
      document is received                                   - Does not qualify for investment incentives or any special benefits.
●
      No prior contact with officials                        - Has at least 10 and up to 50 employees one month after the commencement of
                                                             operations, all of whom are domestic nationals.
  Cost required to complete each procedure (% of             - Has a company deed 10 pages long.
  income per capita)
                                                             The owners:
●
      Official costs only, no bribes
●
      No professional fees unless services required by       - Have reached the legal age of majority. If there is no legal age of majority, they are
      law or commonly used in practice                       assumed to be 30 years old.
                                                             - Are sane, competent, in good health and have no criminal record.
  Paid-in minimum capital (% of income per capita            - Are married and the marriage is monogamous and registered with the authorities.
●
      Funds deposited in a bank or with third party          - Where the answer differs according to the legal system applicable to the woman or
      before registration or up to 3 months after            man in question (as may be the case in economies where there is legal plurality), the
      incorporation                                          answer used will be the one that applies to the majority of the population.

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Doing Business 2018          Antigua and Barbuda

Starting a Business - Antigua and Barbuda

  Standardized Company

 Legal form                                                               Private Limited Liability Company

 Paid-in minimum capital requirement                                      XCD 0

 City Covered                                                             St. John's

  Indicator                                              Antigua and         Latin America         OECD high             Overall Best
                                                         Barbuda             & Caribbean           income                Performer

 Procedure – Men (number)                               9                   8.4                    4.9                   1.00 (New Zealand)

 Time – Men (days)                                      22                  31.7                   8.5                   0.50 (New Zealand)

 Cost – Men (% of income per capita)                    9.1                 37.5                   3.1                   0.00 (United Kingdom)

 Procedure – Women (number)                             9                   8.5                    4.9                   1.00 (New Zealand)

 Time – Women (days)                                    22                  31.8                   8.5                   0.50 (New Zealand)

 Cost – Women (% of income per capita)                  9.1                 37.5                   3.1                   0.00 (United Kingdom)

 Paid-in min. capital (% of income per capita)          0.0                 2.1                    8.7                   0.00 (113 Economies)

 Figure – Starting a Business in Antigua and Barbuda and comparator economies – Ranking and DTF

                                                      DB 2018 Distance to Frontier (DTF)

       0                                                                                            100

                                                                                              97.30: Jamaica (Rank: 5)

                                                                                       89.29: Dominica (Rank: 67)

                                                                                       88.57: Trinidad and Tobago (Rank: 71)

                                                                                    87.09: Grenada (Rank: 82)

                                                                               81.69: Antigua and Barbuda (Rank: 126)

                                                                            78.09: Regional Average (Latin America & Caribbean)

Note: The ranking of economies on the ease of starting a business is determined by sorting their distance to frontier scores for starting a
business. These scores are the simple average of the distance to frontier scores for each of the component indicators.

                                                                                                                                                 Page 6
Doing Business 2018       Antigua and Barbuda

  Figure – Starting a Business in Antigua and Barbuda – Procedure, Time and Cost

                                                  Time (days)        Cost (% of income per capita)
                                                                                                                                         9

               20
                                                                                                                                         8

                                                                                                                                             Cost (% of income per capita)
                                                                                                                                         7

               15                                                                                                                        6
 Time (days)

                                                                                                                                         5

               10                                                                                                                        4

                                                                                                                                         3

               5                                                                                                                         2

                                                                                                                                         1

               0                                                                                                                         0
                    1          2            3            4             *5             *6             7            8             9
                                                                Procedures (number)

* This symbol is shown beside procedure numbers that take place simultaneously with the previous procedure.

Note: Online procedures account for 0.5 days in the total time calculation. For economies that have a different procedure list for men and
women, the graph shows the time for women. For more information on methodology, see the Doing Business website
(http://doingbusiness.org/en/methodology ). For details on the procedures reflected here, see the summary below.

                                                                                                                                                                             Page 7
Doing Business 2018            Antigua and Barbuda

Details – Starting a Business in Antigua and Barbuda – Procedure, Time and Cost

No.     Procedures                                                                                    Time to Complete      Associated Costs

1       Search and reserve company name                                                               3 days                EC 25
        Agency : Intellectual Property & Commerce Office (IPCO)
        The company name search is performed manually by going through large registration
        books. Upon assurance that no other company goes by the proposed name, a form is
        submitted to reserve the name for three months.

2       Retain a lawyer to prepare the incorporation documents                                        1 day                 included in procedure
        Agency : Lawyer                                                                                                     3
        The minimal cost of EC 150 is charged by a lawyer or justice of the peace to prepare a
        declaration attesting that the company owner is not bankrupt, is mentally sound, and is
        over 18 years of age. This is the only document that requires an attorney’s intervention by
        law. However, the general practice is that an attorney will prepare all incorporation
        documents: notice of address, notice of directors, and articles of incorporation. In this
        case, the average attorney fee averages EC 3,000. All the necessary documents are forms
        from the Company Act and are completed by filling in blanks. The cost of this procedure
        is incorporated into Procedure 3, as typically the notary will file the prepared documents
        with IPCO on behalf of the company.

3       Register with the Intellectual Property and Commerce Office and receive                       10 days               EC 3230
        the Certificate of Incorporation
        Agency : Intellectual Property & Commerce Office (IPCO)
        The registration fee with IPCO is EC 200, plus the statutory declaration (stamp fee) of
        EC 30. Attorney fees average around EC 3000 for preparing all the documents to be filed
        with IPCO.

4       Make a company seal                                                                           5 days                EC 200
        Agency : Various Office Supply Businesses
        Company seals are not required by the Company Act but are in practice required for
        everyday company transactions. The cost will depend on the quality of the seal.

    5   Apply for a taxpayer identification number (register the company for taxes)                   3 days                no charge
        Agency : Inland Revenue Department                                                            (simultaneous with
        The taxpayer identification registration is done at the Inland Revenue Authority.             previous procedure)
        Application for Registration is done after the company has been incorporated and there is
        a Certificate of Incorporation. The registration form is available on the Government
        website and can be printed but cannot be registered online.

    6   Register for VAT and obtain an ABST identification number                                     1 day (simultaneous   no charge
        Agency : Inland Revenue Department                                                            with previous
        The company can register for VAT at the Inland Revenue Authority. The Registration            procedure)
        Form is available on the Government website and can be printed but cannot be registered
        online. Registration is done only after the company has been incorporated and there is a
        Certificate of Incorporation.

        Pursuant to the Antigua & Barbuda Sales Tax Act 2006, the company must register for
        VAT if its revenues exceed EC 300,000 annually.

7       Register for medical benefits                                                                 1 day                 no charge
        Agency : Medical Benefit Scheme
        Both the employer's and the employee's monthly contribution to medical benefit are the
        same at 3.5% of the employee's basic monthly wage. There is no maximum contribution.

8       Register for social security                                                                  1 day                 no charge
        Agency : Social Security Scheme
        The company registers with Social Security first and once a registration number is
        received this is taken to the Board of Education in order to register there.

9       Register for education levy                                                                   1 day                 no charge
        Agency : Board of Education
        The education levy is only payable by the employee but the employer is required to
        deduct the education levy from the employee's wages and submit to the Inland Revenue
        Department on the prescribed form monthly. The employer's contribution to social
        security is 6% of the employees' basic monthly wage up to a maximum of EC 390 per
        month. The employee's contribution is 4% up to a maximum of EC 260.

Takes place simultaneously with previous procedure.

                                                                                                                                                    Page 8
Doing Business 2018             Antigua and Barbuda

        Dealing with Construction Permits

  This topic tracks the procedures, time and cost to build a warehouse—including obtaining necessary the licenses and permits, submitting all
  required notifications, requesting and receiving all necessary inspections and obtaining utility connections. In addition, the Dealing with
  Construction Permits indicator measures the building quality control index, evaluating the quality of building regulations, the strength of
  quality control and safety mechanisms, liability and insurance regimes, and professional certification requirements. The most recent round of
  data collection was completed in June 2017. See the methodology for more information

      What the indicators measure                             Case study assumptions

  Procedures to legally build a warehouse                    To make the data comparable across economies, several assumptions about the
  (number)                                                   construction company, the warehouse project and the utility connections are used.
●
      Submitting all relevant documents and obtaining
                                                             The construction company (BuildCo):
      all necessary clearances, licenses, permits and
      certificates                                           - Is a limited liability company (or its legal equivalent) and operates in the economy’s
●
      Submitting all required notifications and receiving    largest business city. For 11 economies the data are also collected for the second
      all necessary inspections                              largest business city.
                                                             - Is 100% domestically and privately owned; has five owners, none of whom is a
●
      Obtaining utility connections for water and
                                                             legal entity. Has a licensed architect and a licensed engineer, both registered with
      sewerage
                                                             the local association of architects or engineers. BuildCo is not assumed to have any
●
      Registering and selling the warehouse after its        other employees who are technical or licensed experts, such as geological or
      completion                                             topographical experts.
                                                             - Owns the land on which the warehouse will be built and will sell the warehouse
  Time required to complete each procedure
                                                             upon its completion.
  (calendar days)
●
      Does not include time spent gathering information      The warehouse:
●
      Each procedure starts on a separate day—               - Will be used for general storage activities, such as storage of books or stationery.
      though procedures that can be fully completed          - Will have two stories, both above ground, with a total constructed area of
      online are an exception to this rule                   approximately 1,300.6 square meters (14,000 square feet). Each floor will be 3
●
      Procedure is considered completed once final           meters (9 feet, 10 inches) high and will be located on a land plot of approximately
      document is received                                   929 square meters (10,000 square feet) that is 100% owned by BuildCo, and the
                                                             warehouse is valued at 50 times income per capita.
●
      No prior contact with officials
                                                             - Will have complete architectural and technical plans prepared by a licensed
  Cost required to complete each procedure (% of             architect. If preparation of the plans requires such steps as obtaining further
  income per capita)                                         documentation or getting prior approvals from external agencies, these are counted
                                                             as procedures.
●
      Official costs only, no bribes
                                                             - Will take 30 weeks to construct (excluding all delays due to administrative and
                                                             regulatory requirements).
  Building quality control index (0-15)
●
      Sum of the scores of six component indices:            The water and sewerage connections:
●
      Quality of building regulations (0-2)                  - Will be 150 meters (492 feet) from the existing water source and sewer tap. If there
●
      Quality control before construction (0-1)              is no water delivery infrastructure in the economy, a borehole will be dug. If there is
                                                             no sewerage infrastructure, a septic tank in the smallest size available will be
●
      Quality control during construction (0-3)
                                                             installed or built.
●
      Quality control after construction (0-3)               - Will have an average water use of 662 liters (175 gallons) a day and an average
●
      Liability and insurance regimes (0-2)                  wastewater flow of 568 liters (150 gallons) a day. Will have a peak water use of
●
      Professional certifications (0-4)                      1,325 liters (350 gallons) a day and a peak wastewater flow of 1,136 liters (300
                                                             gallons) a day.
                                                             - Will have a constant level of water demand and wastewater flow throughout the
                                                             year; will be 1 inch in diameter for the water connection and 4 inches in diameter for
                                                             the sewerage connection.

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Doing Business 2018          Antigua and Barbuda

Dealing with Construction Permits - Antigua and Barbuda

       Standardized Company

    Estimated value of warehouse                                                XCD 1,889,168.20

    City Covered                                                                St. John's

       Indicator                                             Antigua and           Latin America       OECD high          Overall Best
                                                             Barbuda               & Caribbean         income             Performer

    Procedures (number)                                     19                    15.7                 12.5               7.00 (Denmark)

    Time (days)                                             135                   191.8                154.6              27.5 (Korea, Rep.)

    Cost (% of warehouse value)                             0.8                   3.2                  1.6                0.10 (5 Economies)

    Building quality control index (0-15)                   9.0                   8.8                  11.4               15.00 (3 Economies)

  Figure – Dealing with Construction Permits in Antigua and Barbuda and comparator economies – Ranking and DTF

                                                          DB 2018 Distance to Frontier (DTF)

                     0                                                                                  100

                                                                          70.07: Dominica (Rank: 74)

                                                                        67.22: Jamaica (Rank: 98)

                                                                        67.09: Antigua and Barbuda (Rank: 99)

                                                                    64.19: Trinidad and Tobago (Rank: 119)

                                                                    63.59: Regional Average (Latin America & Caribbean)

                                                                   62.22: Grenada (Rank: 128)

Note: The ranking of economies on the ease of dealing with construction permits is determined by sorting their distance to frontier scores for
dealing with construction permits. These scores are the simple average of the distance to frontier scores for each of the component
indicators.

  Figure – Dealing with Construction Permits in Antigua and Barbuda – Procedure, Time and Cost

                                                     Time (days)         Cost (% of income per capita)
                                                                                                                                               0.45

               120                                                                                                                             0.4
                                                                                                                                                      Cost (% of income per capita)

                                                                                                                                               0.35
               100
                                                                                                                                               0.3
 Time (days)

               80
                                                                                                                                               0.25

               60                                                                                                                              0.2

                                                                                                                                               0.15
               40
                                                                                                                                               0.1
               20
                                                                                                                                               0.05

                0                                                                                                                              0
                         1   *2   3   4     5   6    *7      8      9      10      11        12   13   14      15   16    17    18     19
                                                                   Procedures (number)

* This symbol is shown beside procedure numbers that take place simultaneously with the previous procedure.

Note: Online procedures account for 0.5 days in the total time calculation. For economies that have a different procedure list for men and
women, the graph shows the time for women. For more information on methodology, see the Doing Business website
(http://doingbusiness.org/en/methodology ). For details on the procedures reflected here, see the summary below.

                                                                                                                                                                                      Page 10
Doing Business 2018                        Antigua and Barbuda

Figure – Dealing with Construction Permits in Antigua and Barbuda and comparator economies – Measure of Quality

              15

Index score                                                                                                10.0                 10.0
              10                9.0                                                                                                                    8.8
                                                         8.0

                                                                                  5.0
                  5

                  0

                       Antigua and Barbuda            Dominica                 Grenada                   Jamaica          Trinidad and Tobago Latin America & Caribbean

Details – Dealing with Construction Permits in Antigua and Barbuda – Procedure, Time and Cost

  No.                 Procedures                                                                                      Time to Complete        Associated Costs

1                     Request and obtain results of geo-technical study                                               25 days                XCD 8,000
                      Agency : Private engineering firm
                      According to Article 26 of the Antigua and Barbuda Development Land development
                      CAP 235, a soil test should be conducted for the strength of the building. The foundation
                      must be designed in such a way as to sustain and transmit to the ground the combined
                      dead load of the building. The proper depth should be reach to prevent the building from
                      sinking.

              2       Obtain location plan                                                                            2 days                 XCD 38
                      Agency : Survey Department
                      The location plan is generally obtained from cadastral sheets or DOS maps.This helps
                      indicating the location of the warehouse to be built.

3                     Obtain "approval in principle"                                                                  21 days                XCD 30
                      Agency : Development Control Authority
                      The approval in principle is the verification that the project is in compliance with the
                      urban regulations and that it can be done on that specific plot of land. The location plan is
                      needed for initiate this procedure.

4                     Obtain project clearance from Fire Department                                                   14 days                no charge
                      Agency : Fire Department
                      To obtain the project clearance from the Fire department, the approval in principle as well
                      as the location plan are required.

5                     Receive notification of fee charge and pay appropriate fees to the Treasury                     2 days                 XCD 7,035
                      Agency : Treasury
                      The applicant submits all the relevant documents, including the project clearance from
                      the Fire department to the Development Control Authority. The applicant will be
                      informed of the fees to be paid at the treasury. The proof of payment must be submitted to
                      the Development Control Authority for inspection purposes.
                      The fee schedule for the Development Control Authority is as follows:
                      • 0 --500 sq. ft. (gross floor area): XCD 50
                      • 500 -- 1,000 sq. ft. (gross floor area): XCD 200
                      • Over 1,000 sq. ft. (gross floor area): XCD 0.50 (per sq. ft.)

6                     Obtain planning permission from Development Control Authority                                   35 days                no charge
                      Agency : Development Control Authority
                      To obtain planning permission, the architect must submit to the Development Control
                      Authority a three-page application (with three copies) that includes building designs, a
                      location plan, a site plan, clearance from the fire department, a proof of ownership and
                      the receipt of payment to the Treasury department. This procedure also includes approval
                      of sewage services (Septic Tank). There is no sewage system therefore a septic tank is
                      used which is installed by the builder.

              7       Submit and obtain preliminary proposal to the department for review                             14 days                no charge
                      Agency : Environment Division
                      The constructor submits a preliminary proposal on the feasibility of the project to the
                      Environmental Division. This is done in order to obtain the clearance that the proposed
                      development can happen on this plot of land.

8                     Notify the Development Control Authority of commencement of work                                1 day                  no charge
                      Agency : Development Control Authority

                                                                                                                                                                          Page 11
Doing Business 2018          Antigua and Barbuda

9    Receive a set-out inspection                                                                 1 day   no charge
     Agency : Development Control Authority
     When the Department Control Authority issues the building permit it also gives a
     commencement certificate, which specifies the number of inspections to be carried out.
     The building company has to notify the Development Control Authority 48 hours before
     the start of each phase, so that the DCA can come and inspect the construction. However,
     in practice, this happens rarely, most construction companies do not notify about the
     commencement of each phase as there is no legal repercussions for not complying with
     the regulation. There is no fine for not notifying the DCA.

     The inspection process is regulated by the Land Development and Control Regulations of
     1996.

10   Receive inspection after completion of foundation works before concrete                      1 day   no charge
     filling
     Agency : Development Control Authority (DCA)
     When the Department Control Authority issues the building permit it also gives a
     commencement certificate, which specifies the number of inspections to be carried out.
     The building company has to notify the Development Control Authority 48 hours before
     the start of each phase so that the DCA can come and inspect the construction. However,
     in practice, this happens rarely, most construction companies do not notify about the
     commencement of each phase as there is no legal repercussions for not complying with
     the regulation. There is no fine for not notifying the DCA.

11   Receive inspection after completion of floor slab                                            1 day   no charge
     Agency : Development Control Authority
     When the Department Control Authority issues the building permit it also gives a
     commencement certificate, which specifies the number of inspections to be carried out.
     The building company has to notify the Development Control Authority 48 hours before
     the start of each phase, so that the DCA can come and inspect the construction. However,
     in practice, this happens rarely, most construction companies do not notify about the
     commencement of each phase as there is no legal repercussions for not complying with
     the regulation. There is no fine for not notifying the DCA.

     The inspection process is regulated by the Land Development and Control Regulations of
     1996.

12   Receive inspection after completion of structural frame and roof                             1 day   no charge
     Agency : Development Control Authority
     When the Department Control Authority issues the building permit it also gives a
     commencement certificate, which specifies the number of inspections to be carried out.
     The building company has to notify the Development Control Authority 48 hours before
     the start of each phase, so that the DCA can come and inspect the construction. However,
     in practice, this happens rarely, most construction companies do not notify about the
     commencement of each phase as there is no legal repercussions for not complying with
     the regulation. There is no fine for not notifying the DCA.

     The inspection process is regulated by the Land Development and Control Regulations of
     1996.

13   Receive inspection after completion of plumbing and drain works                              1 day   no charge
     Agency : Development Control Authority
     When the Department Control Authority issues the building permit it also gives a
     commencement certificate, which specifies the number of inspections to be carried out.
     The building company has to notify the Development Control Authority 48 hours before
     the start of each phase, so that the DCA can come and inspect the construction. However,
     in practice, this happens rarely, most construction companies do not notify about the
     commencement of each phase as there is no legal repercussions for not complying with
     the regulation. There is no fine for not notifying the DCA.

     The inspection process is regulated by the Land Development and Control Regulations of
     1996.

14   Notify the Development Control Authority of completion of work                               1 day   no charge
     Agency : Development Control Authority
     According to Article 63 of The Physical Planning Act, 2003. No. 6 of 2003, upon
     completion of the work, the contractor must also notify the Town and Country Planner, in
     writing that construction works are now completed. This will trigger a final inspection to
     certify that theworks have been constructed in accordance with the development permit
     and building regulations.

15   Receive final inspection                                                                     1 day   no charge
     Agency : Development Control Authority
     The Development Control Authority checks that the building is in conformity with the
     issued development permit.

                                                                                                                      Page 12
Doing Business 2018           Antigua and Barbuda

16    Receive stamp by the Development Control Authority on the water                            1 day     no charge
      application
      Agency : Development Control Authority
      Three application forms for water connection must be stamped by the Development
      Control Authority stamp before the owner can actually apply for it.

17    Apply for water connection                                                                 1 day     no charge
      Agency : Antigua Public Utilities Authority (APUA)
      Three application forms for water must be stamped by Development Control Authority
      stamp before the owner can apply for water connection. The applicant must provide the
      following document when applying for water connection:
      • 3 copies of the application form duly stamped by the DCA
      • A photo ID of the applicant
      • A road map of the area leading to the property, showing important land marks • Block
      and parcel number of the property to be serviced
      • A brief description of the building including color and material of construction
      • A completed Consumer Data Form

18    Obtain inspection by APUA for cost assessment for water connection                         7 days    no charge
      Agency : Antigua Public Utilities Authority (APUA)
      Once the application for water connection has been processed, a team will conduct an on-
      site inspection to assess the connection cost.

19    Obtain water connection                                                                    21 days   XCD 850
      Agency : Antigua Public Utilities Authority (APUA)
      According to the Antigua Public Utilities Authority (APUA), the installation fee for a
      distance of 150 meters with a 1” water pipe is XCD 850.

Takes place simultaneously with previous procedure.

                                                                                                                       Page 13
Doing Business 2018         Antigua and Barbuda

Details – Dealing with Construction Permits in Antigua and Barbuda – Measure of Quality

                                                                                                      Answer               Score

Building quality control index (0-15)                                                                                      9.0

Quality of building regulations index (0-2)                                                                                2.0

  How accessible are building laws and regulations in your economy? (0-1)                             Available online;    1.0
                                                                                                      Free of charge.

  Which requirements for obtaining a building permit are clearly specified in the building            List of required     1.0
  regulations or on any accessible website, brochure or pamphlet? (0-1)                               documents; Fees
                                                                                                      to be paid;
                                                                                                      Required
                                                                                                      preapprovals.

Quality control before construction index (0-1)                                                                            0.0

  Which third-party entities are required by law to verify that the building plans are in             By law, there is     0.0
  compliance with existing building regulations? (0-1)                                                no need to verify
                                                                                                      plans
                                                                                                      compliance; Civil
                                                                                                      servant reviews
                                                                                                      plans.

Quality control during construction index (0-3)                                                                            1.0

  What types of inspections (if any) are required by law to be carried out during construction?       Inspections at       1.0
  (0-2)                                                                                               various phases.

  Do legally mandated inspections occur in practice during construction? (0-1)                        Mandatory            0.0
                                                                                                      inspections are
                                                                                                      not always done
                                                                                                      in practice during
                                                                                                      construction.

Quality control after construction index (0-3)                                                                             2.0

  Is there a final inspection required by law to verify that the building was built in accordance     Yes, final           2.0
  with the approved plans and regulations? (0-2)                                                      inspection is
                                                                                                      done by
                                                                                                      government
                                                                                                      agency.

  Do legally mandated final inspections occur in practice? (0-1)                                      Final inspection     0.0
                                                                                                      does not always
                                                                                                      occur in practice.

Liability and insurance regimes index (0-2)                                                                                0.0

  Which parties (if any) are held liable by law for structural flaws or problems in the building      No party is held     0.0
  once it is in use (Latent Defect Liability or Decennial Liability)? (0-1)                           liable under the
                                                                                                      law.

  Which parties (if any) are required by law to obtain an insurance policy to cover possible          No party is          0.0
  structural flaws or problems in the building once it is in use (Latent Defect Liability Insurance   required by law
  or Decennial Insurance)? (0-1)                                                                      to obtain
                                                                                                      insurance .

Professional certifications index (0-4)                                                                                    4.0

  What are the qualification requirements for the professional responsible for verifying that the     Minimum number       2.0
  architectural plans or drawings are in compliance with existing building regulations? (0-2)         of years of
                                                                                                      experience;
                                                                                                      University degree
                                                                                                      in architecture or
                                                                                                      engineering;
                                                                                                      Being a
                                                                                                      registered
                                                                                                      architect or
                                                                                                      engineer.

                                                                                                                                   Page 14
Doing Business 2018        Antigua and Barbuda

 What are the qualification requirements for the professional who supervises the construction   Minimum number      2.0
 on the ground? (0-2)                                                                           of years of
                                                                                                experience;
                                                                                                University degree
                                                                                                in engineering,
                                                                                                construction or
                                                                                                construction
                                                                                                management;
                                                                                                Being a
                                                                                                registered
                                                                                                architect or
                                                                                                engineer.

                                                                                                                          Page 15
Doing Business 2018             Antigua and Barbuda

        Getting Electricity

  This topic measures the procedures, time and cost required for a business to obtain a permanent electricity connection for a newly
  constructed warehouse. Additionally, the reliability of supply and transparency of tariffs index measures reliability of supply, transparency of
  tariffs and the price of electricity. The most recent round of data collection for the project was completed in June 2017. See the methodology
  for more information.

      What the indicators measure                             Case study assumptions

  Procedures to obtain an electricity connection             To make the data comparable across economies, several assumptions about the
  (number)                                                   construction company, the warehouse project and the utility connections are used.
●
      Submitting all relevant documents and obtaining
                                                             The construction company (BuildCo):
      all necessary clearances and permits
●
      Completing all required notifications and              - Is a limited liability company (or its legal equivalent) and operates in the economy’s
      receiving all necessary inspections                    largest business city. For 11 economies the data are also collected for the second
                                                             largest business city.
●
      Obtaining external installation works and possibly
                                                             - Is 100% domestically and privately owned; has five owners, none of whom is a
      purchasing material for these works
                                                             legal entity. Has a licensed architect and a licensed engineer, both registered with
●
      Concluding any necessary supply contract and           the local association of architects or engineers. BuildCo is not assumed to have any
      obtaining final supply                                 other employees who are technical or licensed experts, such as geological or
                                                             topographical experts.
  Time required to complete each procedure
                                                             - Owns the land on which the warehouse will be built and will sell the warehouse
  (calendar days)
                                                             upon its completion.
●
      Is at least 1 calendar day
                                                             The warehouse:
●
      Each procedure starts on a separate day
●
      Does not include time spent gathering information      - Will be used for general storage activities, such as storage of books or stationery.
                                                             - Will have two stories, both above ground, with a total constructed area of
●
      Reflects the time spent in practice, with little
                                                             approximately 1,300.6 square meters (14,000 square feet). Each floor will be 3
      follow-up and no prior contact with officials
                                                             meters (9 feet, 10 inches) high and will be located on a land plot of approximately
  Cost required to complete each procedure (% of             929 square meters (10,000 square feet) that is 100% owned by BuildCo, and the
                                                             warehouse is valued at 50 times income per capita.
  income per capita)
                                                             - Will have complete architectural and technical plans prepared by a licensed
●
      Official costs only, no bribes                         architect. If preparation of the plans requires such steps as obtaining further
●
      Value added tax excluded                               documentation or getting prior approvals from external agencies, these are counted
                                                             as procedures.
  The reliability of supply and transparency of              - Will take 30 weeks to construct (excluding all delays due to administrative and
  tariffs index (0-8)                                        regulatory requirements).
●
      Duration and frequency of power outages (0–3)
                                                             The water and sewerage connections:
●
      Tools to monitor power outages (0–1)
                                                             - Will be 150 meters (492 feet) from the existing water source and sewer tap. If there
●
      Tools to restore power supply (0–1)
                                                             is no water delivery infrastructure in the economy, a borehole will be dug. If there is
●
      Regulatory monitoring of utilities’ performance        no sewerage infrastructure, a septic tank in the smallest size available will be
      (0–1)                                                  installed or built.
●
      Financial deterrents limiting outages (0–1)            - Will have an average water use of 662 liters (175 gallons) a day and an average
                                                             wastewater flow of 568 liters (150 gallons) a day. Will have a peak water use of
●
      Transparency and accessibility of tariffs (0–1)
                                                             1,325 liters (350 gallons) a day and a peak wastewater flow of 1,136 liters (300
  Price of electricity (cents per kilowatt-hour)*            gallons) a day.
                                                             - Will have a constant level of water demand and wastewater flow throughout the
●
      Price based on monthly bill for commercial
                                                             year; will be 1 inch in diameter for the water connection and 4 inches in diameter for
      warehouse in case study
                                                             the sewerage connection.
  *Note: Doing Business measures the price of
  electricity, but it is not included in the distance to
  frontier score nor the ranking on the ease of getting
  electricity.

                                                                                                                                                        Page 16
Doing Business 2018           Antigua and Barbuda

Getting Electricity - Antigua and Barbuda

  Standardized Company

 Price of electricity (US cents per kWh)                                   43.2

 Name of utility                                                           Antigua Public Utilities Authority

 City Covered                                                              St. John's

  Indicator                                               Antigua and         Latin America          OECD high           Overall Best
                                                          Barbuda             & Caribbean            income              Performer

 Procedures (number)                                     4                    5.5                    4.7                 2 (United Arab
                                                                                                                         Emirates)

 Time (days)                                             42                   66.0                   79.1                10 (United Arab
                                                                                                                         Emirates)

 Cost (% of income per capita)                           114.9                927.4                  63.0                0.00 (Japan)

 Reliability of supply and transparency of tariff        5                    4.2                    7.4                 8.00 (28 Economies)
 index (0-8)

 Figure – Getting Electricity in Antigua and Barbuda and comparator economies – Ranking and DTF

                                                      DB 2018 Distance to Frontier (DTF)

        0                                                                                             100

                                                                                     84.25: Trinidad and Tobago (Rank: 33)

                                                                                    83.50: Antigua and Barbuda (Rank: 39)

                                                                                    82.43: Dominica (Rank: 46)

                                                                            76.41: Grenada (Rank: 73)

                                                                        71.11: Jamaica (Rank: 91)

                                                                       70.45: Regional Average (Latin America & Caribbean)

Note: The ranking of economies on the ease of getting electricity is determined by sorting their distance to frontier scores for getting
electricity. These scores are the simple average of the distance to frontier scores for each of the component indicators.

                                                                                                                                               Page 17
Doing Business 2018                  Antigua and Barbuda

  Figure – Getting Electricity in Antigua and Barbuda – Procedure, Time and Cost

                                                             Time (days)          Cost (% of income per capita)
                                                                                                                                                      140
                   40

                                                                                                                                                      120

                                                                                                                                                            Cost (% of income per capita)
                   35

                   30                                                                                                                                 100
 Time (days)

                   25
                                                                                                                                                      80

                   20
                                                                                                                                                      60
                   15
                                                                                                                                                      40
                   10

                                                                                                                                                      20
                   5

                   0                                                                                                                                  0
                                    1                               2                                  3                            4
                                                                           Procedures (number)

* This symbol is shown beside procedure numbers that take place simultaneously with the previous procedure.

Note: Online procedures account for 0.5 days in the total time calculation. For economies that have a different procedure list for men and
women, the graph shows the time for women. For more information on methodology, see the Doing Business website
(http://doingbusiness.org/en/methodology ). For details on the procedures reflected here, see the summary below.

  Figure – Getting Electricity in Antigua and Barbuda and comparator economies – Measure of Quality

                   8
                                                     7                                             7
                   7
                                                                                                                         6
                   6
     Index score

                               5
                   5
                                                                           4                                                                   4.2
                   4
                   3
                   2
                   1
                   0

                        Antigua and Barbuda       Dominica              Grenada                  Jamaica          Trinidad and Tobago Latin America & Caribbean

                                                                                                                                                                                            Page 18
Doing Business 2018          Antigua and Barbuda

Details – Getting Electricity in Antigua and Barbuda – Procedure, Time and Cost

No.    Procedures                                                                                   Time to Complete   Associated Costs

1     Get application form stamped by Development Control Authority                                 7 calendar days    XCD 200
      Agency : Development Control Authority
      Prior to applying for a new electricity connection, the customer must first have the
      application form stamped by the Development Control Authority, certifying that a
      building permit was issued for this building. All applications for new service are to be
      filled out in quadruplets. Once the application forms have been stamped, they can then be
      brought to Antigua Public Utilities Authority (APUA). DCA typically takes a week to
      process the application.

2     Submit application to APUA and await site inspection                                          7 calendar days    XCD 0
      Agency : Antigua Public Utilities Authority
      The customer submits the stamped application forms to APUA, accompanied by a valid
      photo I.D. and a detailed location of where the service is desired. Within 5 working days,
      APUA will make an inspection. In the event this service doesn't comply with the
      authority's standard it will be rejected and will be filed away until the applicant informs
      the authority that he/she is ready for a second inspection. Once the engineer has
      conducted the site inspection and assessed the requirements of materials, an estimate is
      prepared identifying all the necessary components required to complete the installation.

3     Receive internal wiring inspection by APUA                                                    21 calendar days   XCD 43,200
      Agency : Antigua Public Utilities Authority
      Payment of the estimated amount is usually made in whole, but sometimes if the
      customer requests that it is paid in two installments - 50% at receiving estimate, and the
      remaining balance after the internal inspection has been completed. The utility will
      proceed with the external works once there is no more outstanding payments. . The
      customer is expected to be present during the internal wiring inspection. If the customer
      has requested to pay in two installments, then once this inspection is completed, the
      utility will provide the necessary instruction to pay for the remaining balance. Only then
      can the external works be done.

4     Receive external works, meter installation and electricity flow from APUA                     7 calendar days    XCD 0
      Agency : Antigua Public Utilities Authority
      APUA will complete the external works, the meter installation and then electricity will
      flow. If the customer is the owner of the building, no security deposit will be charged.

Takes place simultaneously with previous procedure.

                                                                                                                                          Page 19
Doing Business 2018           Antigua and Barbuda

 Details – Getting Electricity in Antigua and Barbuda – Measure of Quality

                                                                                                                           Answer

 Reliability of supply and transparency of tariff index (0-8)                                                              5

 Total duration and frequency of outages per customer a year (0-3)                                                         1

    System average interruption duration index (SAIDI)                                                                     6.5

    System average interruption frequency index (SAIFI)                                                                    10.5

    What is the minimum outage time (in minutes) that the utility considers for the calculation of SAIDI/SAIFI             1.0

 Mechanisms for monitoring outages (0-1)                                                                                   1

    Does the distribution utility use automated tools to monitor outages?                                                  Yes

 Mechanisms for restoring service (0-1)                                                                                    1

    Does the distribution utility use automated tools to restore service?                                                  Yes

 Regulatory monitoring (0-1)                                                                                               0

    Does a regulator—that is, an entity separate from the utility—monitor the utility’s performance on reliability of      No
    supply?

 Financial deterrents aimed at limiting outages (0-1)                                                                      1

    Does the utility either pay compensation to customers or face fines by the regulator (or both) if outages              Yes
    exceed a certain cap?

 Communication of tariffs and tariff changes (0-1)                                                                         1

    Are effective tariffs available online?                                                                                Yes

    Link to the website, if available online                                                                               http://www.apua.ag/r
                                                                                                                           esource-centre/rates/

    Are customers notified of a change in tariff ahead of the billing cycle?                                               Yes

Note:

If the duration and frequency of outages is 100 or less, the economy is eligible to score on the Reliability of supply and transparency of tariff
index.

If the duration and frequency of outages is not available, or is over 100, the economy is not eligible to score on the index.

If the minimum outage time considered for SAIDI/SAIFI is over 5 minutes, the economy is not eligible to score on the index.

                                                                                                                                                    Page 20
Doing Business 2018           Antigua and Barbuda

        Registering Property

  This topic examines the steps, time and cost involved in registering property, assuming a standardized case of an entrepreneur who wants to
  purchase land and a building that is already registered and free of title dispute. In addition, the topic also measures the quality of the land
  administration system in each economy. The quality of land administration index has five dimensions: reliability of infrastructure, transparency
  of information, geographic coverage, land dispute resolution, and equal access to property rights. The most recent round of data collection for
  the project was completed in June 2017.See the methodology for more information.

      What the indicators measure                            Case study assumptions

  Procedures to legally transfer title on                  To make the data comparable across economies, several assumptions about the
  immovable property (number)                              parties to the transaction, the property and the procedures are used.
●
      Preregistration procedures (for example,
                                                           The parties (buyer and seller):
      checking for liens, notarizing sales agreement,
      paying property transfer taxes)                      - Are limited liability companies (or the legal equivalent).
●
      Registration procedures in the economy's largest     - Are located in the periurban area of the economy’s largest business city. For 11
      business citya.                                      economies the data are also collected for the second largest business city.
                                                           - Are 100% domestically and privately owned.
●
      Postregistration procedures (for example, filling
                                                           - Have 50 employees each, all of whom are nationals.
      title with municipality)
                                                           - Perform general commercial activities.
  Time required to complete each procedure
                                                           The property (fully owned by the seller):
  (calendar days)
                                                           - Has a value of 50 times income per capita, which equals the sale price.
●
      Does not include time spent gathering information
                                                           - Is fully owned by the seller.
●
      Each procedure starts on a separate day - though     - Has no mortgages attached and has been under the same ownership for the past
      procedures that can be fully completed online are    10 years.
      an exception to this rule
                                                           - Is registered in the land registry or cadastre, or both, and is free of title disputes.
●
      Procedure is considered completed once final         - Is located in a periurban commercial zone, and no rezoning is required.
      document is received                                 - Consists of land and a building. The land area is 557.4 square meters (6,000
●
      No prior contact with officials                      square feet). A two-story warehouse of 929 square meters (10,000 square feet) is
                                                           located on the land. The warehouse is 10 years old, is in good condition, has no
  Cost required to complete each procedure (% of           heating system and complies with all safety standards, building codes and legal
  property value)                                          requirements. The property, consisting of land and building, will be transferred in its
●
      Official costs only (such as administrative fees,    entirety.
      duties and taxes).                                   - Will not be subject to renovations or additional construction following the purchase.
                                                           - Has no trees, natural water sources, natural reserves or historical monuments of
●
      Value Added Tax, Capital Gains Tax and illicit
                                                           any kind.
      payments are excluded
                                                           - Will not be used for special purposes, and no special permits, such as for
  Quality of land administration index (0-30)              residential use, industrial plants, waste storage or certain types of agricultural
                                                           activities, are required.
●
      Reliability of infrastructure index (0-8)            - Has no occupants, and no other party holds a legal interest in it.
●
      Transparency of information index (0–6)
●
      Geographic coverage index (0–8)
●
      Land dispute resolution index (0–8)
●
      Equal access to property rights index (-2–0)

                                                                                                                                                       Page 21
Doing Business 2018      Antigua and Barbuda

Registering Property - Antigua and Barbuda

       Standardized Company

    Property value                                                             XCD 1,889,168.20

    City Covered                                                               St. John's

       Indicator                                            Antigua and           Latin America      OECD high         Overall Best
                                                            Barbuda               & Caribbean        income            Performer

    Procedures (number)                                     7                    7.2                4.6                1.00 (4 Economies)

    Time (days)                                             32                   63.3               22.3               1.00 (3 Economies)

    Cost (% of property value)                              10.8                 5.8                4.2                0.00 (5 Economies)

    Quality of the land administration index (0-30)         19.0                 12.0               22.7               29.00 (Singapore)

  Figure – Registering Property in Antigua and Barbuda and comparator economies – Ranking and DTF

                                                         DB 2018 Distance to Frontier (DTF)

                    0                                                                                 100

                                                                56.61: Antigua and Barbuda (Rank: 118)

                                                             55.36: Regional Average (Latin America & Caribbean)

                                                            53.70: Jamaica (Rank: 128)

                                                        50.15: Grenada (Rank: 141)

                                                      47.50: Trinidad and Tobago (Rank: 151)

                                                  43.40: Dominica (Rank: 164)

Note: The ranking of economies on the ease of registering property is determined by sorting their distance to frontier scores for registering
property. These scores are the simple average of the distance to frontier scores for each of the component indicators.

  Figure – Registering Property in Antigua and Barbuda – Procedure, Time and Cost

                                                      Time (days)        Cost (% of income per capita)
                                                                                                                                            12
               30

                                                                                                                                            10   Cost (% of income per capita)
               25

                                                                                                                                            8
 Time (days)

               20

                                                                                                                                            6
               15

                                                                                                                                            4
               10

               5                                                                                                                            2

               0                                                                                                                            0
                        1           *2                 *3                  4                   *5                  6            7
                                                                    Procedures (number)

* This symbol is shown beside procedure numbers that take place simultaneously with the previous procedure.

Note: Online procedures account for 0.5 days in the total time calculation. For economies that have a different procedure list for men and
women, the graph shows the time for women. For more information on methodology, see the Doing Business website
(http://doingbusiness.org/en/methodology ). For details on the procedures reflected here, see the summary below.

                                                                                                                                                                                 Page 22
Doing Business 2018                        Antigua and Barbuda

Figure – Registering Property in Antigua and Barbuda and comparator economies – Measure of Quality

              30

              25
Index score                    19.0
              20

              15                                                                                          14.0
                                                                                                                               12.0                12.0
              10
                                                                                  7.0
                                                         4.5
                  5

                  0

                       Antigua and Barbuda            Dominica                 Grenada                  Jamaica       Trinidad and Tobago Latin America & Caribbean

Details – Registering Property in Antigua and Barbuda – Procedure, Time and Cost

  No.                 Procedures                                                                                  Time to Complete        Associated Costs

1                     Preparation of the sale purchase agreement and instrument of transfer                       3 - 4 days             Paid in Procedure 7
                      Agency : Lawyer                                                                             (simultaneous with
                      It is standard practice that the sale purchase agreement is prepared by a lawyer. At this   procedures 1 and 3)
                      point the purchaser usually gives a deposit on the property to the vendor. The vendor
                      guarantees that there are no encumbrances (or they are noted in the agreement) and no
                      outstanding taxes associated with the property. Both companies present the resolution of
                      their shareholders to engage in the transaction, as well as powers of attorney to act on
                      behalf of the company. The corporate seal for the companies is also attached to the land
                      transfer document. At the end of this time period, the parties execute the instrument of
                      transfer (a prescribed form according to Laws of Antigua and Barbuda, revised in 2007,
                      Vol. 13, CAP 374) and swear the certifications of their signatures.

              2       Conduct title search at the Land Registry                                                   1 day (simultaneous    XCD 50
                      Agency : Land Registry                                                                      with procedures 2
                      The lawyer checks for encumbrances at the Land Registry. The Registry is computerized,      and 3)
                      so the lawyer gives the clerk the block and parcel number, and the clerk can obtain title
                      record with this information. If the block and parcel number is unknown, an index search
                      of the current Registered Proprietor's name can be conducted to locate the parcel in
                      question. Since January 2016, it is possible to conduct title searches online at
                      http://www.lands.gov.ag/landfolio.publicaccess.web/Contents/Home.aspx

              3       Obtain the Chief Surveyor's certificate                                                     1 day (simultaneous    XCD 35
                      Agency : Office of the Chief Surveyor                                                       with procedures 1
                      According to the Registered Land Amendment Act of 2007, it is mandatory that the Chief      and 2)
                      Surveyor's certificate appears in the transfer. Any land privately owned for at least 10
                      years must have a Chief Surveyor's certificate confirming that the boundaries have been
                      authenticated. A transfer filed without this certificate cannot be registered. This is to
                      ensure that the boundaries of registered land remain accurate, as well as to avoid
                      mischievous declarations.

                      Usually surveyors are available, and they would be hired to do the verification and
                      submit the form. After that the Surveyor’s office just signs and allows the transfer.

                      The Land Surveys Division must verify the boundaries of the subject property and
                      confirm that they have been established or re-established with the 10 years preceding the
                      land transfer. The Registered Land Act Cap 374 was amended on the 25th October, 2007
                      to include the following provisions namely Sections 106(6) and 106(7):

                      (1) "The Registrar may require an instrument of transfer to be accompanied by a survey
                      plan authenticated by the Chief Land Surveyor indicating that the boundary in respect of
                      the land to which the instrument relates has been authenticated."

                      (2) "The Registrar may require a resurvey of the land to which the instrument relates
                      where the authentication of the boundary was effected more than ten years prior to the
                      date of the instrument."

4                     Executed instrument of transfer submitted to the Inland Revenue                             14 days                no cost
                      Commission                                                                                  (simultaneous with
                      Agency : Inland Revenue Department                                                          procedure 5)
                      The Inland Revenue Commission checks that all property taxes have been paid, and
                      assesses the value of the land according to the existing cadastre to decide the amount of
                      stamp duty to be paid. Occasionally, evaluation officers may need to inspect the property
                      at this point in order to determine its value if there is a discrepancy in the records of
                      property taxes vs. the cadastral value.

                                                                                                                                                                      Page 23
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