CAB-I Phase VI Launched
The Government of Antigua and Barbuda, in collaboration with the Antigua & Barbuda Investment Authority (ABIA) has re-launched the successful Construct Antigua & Barbuda Initiative (CAB-I). CAB-I (2017), beginning July 1 2017, with benefits expiring June 30 2018, continues to be rooted in the principle of stimulating economic growth through increased construction and related activity. The registration deadline is March 30, 2018.
How does it work?
Under the Initiative, homeowners access the government approved incentives of zero Antigua & Barbuda Sales Tax (ABST), exemptions of Customs Duty and Revenue Recovery Charge (RRC) on all building materials procured locally. As a part of the incentive package, other stakeholders (financial institutions, insurance firms, architects etc.) extend reduced service fees and charges to CAB-I approved clients.