Investing/Development in Antigua

The Island of Antigua's Premiere Resort Development Site

The Barters Estate at Rendezvous Bay is perhaps the most attractive beach front property on the island of Antigua. Located on the island’s south coast, the estate consists of three hundred and thirty acres that is fronted to by two pristine white sand beaches that stretch for approximately one mile. To the north, the estate is bordered by lush rolling hills that provide spectacular panoramic views of the Caribbean Sea and the islands of Montserrat and Guadeloupe to the south.

The privately owned estate is currently available for sale to a developer that has both the vision and ability to transform the property into a mixed use five star luxury resort development. At 330 acres, the Barters Estate is well suited for a luxury resort that is anchored by a five star hotel with an array of amenities that could include but is not limited to villas, condos, restaurants, retail shops, a golf course and a marina.

Property Specifications

The Barters Estate comprises 330 acres of undeveloped land which include three distinct sections as follows:
• A sandy beach and water frontage that stretches approximately 1 mile.
• The beachfront potion of the property totals approximately 100 acres.
• 115 acres of relatively flat land directly behind the beachfront.
• 115 acres of hillside.

Government Incentives

The government of Antigua and Barbuda is focussed on the development of the country’s tourism product and is, therefore, prepared to grant concessions to the Barters Estate developer/investor that include but is not limited to the following:
• Development of infrastructure to the property (roadway, utilities, etc.).
• Import duties waived on materials used for development/construction.
• Corporate tax abatement for a period of 10 to 15 years.
• 150% tax write-off of pre-investment study expenses for independently undertaken feasibility studies, environmental impact assessment, engineering and market research.
• 30% investment allowance over three years for equity invested in an approved tourism development project.
• Accelerated 3-year write-off on depreciable equipment owned and used in the development as follows: 25% Year of purchase, 50% Year 2, 25% Year 3
• 150% write-off of training expenses to employees enrolled in industry approved government accredited courses in Antigua and abroad.

The final package of concessions will be determined by the scope and economic value of the Barters Estate development.