Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697629147092.pdf (Antigua and Barbuda)
ANTIGUA AND BARBUDA THE SMALL BUSINESS DEVELOPMENT REGULATIONS, 2008.

STATUTORY INSTRUMENT 2008 No.

5 [ Printed in the Official Gazette Vol.

XXVIII No.

12 dated 14th February, 2008. ]

________ Printed at the Government Printing Office, Antigua and Barbuda, by Eric T. Bennett, Government Printer — By Authority, 2008.

800—2.08 [ Price $6.80 ] The Small Business Development Regulations, 2008.

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THE SMALL BUSINESS DEVELOPMENT REGULATIONS, 2008 ARRANGEMENT Regulations 1.

Short title.

2.

Interpretation 3.

Prescribed activities 4.

Prescribed forms and particulars 5.

Technical assistance 6.

Fees Schedules SCHEDULE I SCHEDULE II Forms SCHEDULE III Documents and Particulars SCHEDULE IV Fees Prescribed Activities The Small Business Development Regulations, 2008.

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ANTIGUA AND BARBUDA THE SMALL BUSINESS DEVELOPMENT REGULATIONS, 2008 2008 No.

5 THE SMALL BUSINESS DEVELOPMENT REGULATIONS, 2008 made in exercise of the powers contained in section 16 of the Small Business Development Act, 2007.

1.

Short title These Regulations may be cited as the Small Business Development Regulations, 2008.

2.

Interpretation In these Regulations “the principal Act” means the Small Business Development Act, 2007.

3.
3.

Prescribed activities The prescribed activities referred to in subsection 4(1) and paragraph 4(4) (b) of the principal Act are the activities listed in Schedule I.

4.

Prescribed forms and particulars (1) The prescribed form for subsection 4(2) of the principal Act is the one set out in Form 1 of Schedule II and the prescribed documents are those listed in Schedule III.
(2) The particulars to be entered by the Registrar in the Register of Small Businesses under para- graph 5(2)(c) of the principal Act are the particulars listed in Part 2 of Schedule III.

(3) The prescribed form of certificate of registration issued by the Registrar under subsection 5(3) of the principal Act is that set out in Form 2 of Schedule II.
(4) The prescribed form of statement of changes to the particulars of an approved small business under section 6 of the principal Act is that set out in Form 3 of Schedule II.

(5) The prescribed form of application for a concession under subsection 7(1) of the principal Act is that set out in Form 4 of Schedule II.

5.
5.

Technical assistance The prescribed technical assistance that may be provided by a designated body under section 9 of the principal Act is (a) the development of products design; The Small Business Development Regulations, 2008.

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5 (b) the development of package and label designs; (c) the provision of assistance in the development and maintenance of quality control; (d) the provision of marketing assistance for the local and export market; (e) the provision of assistance to businesses seeking to participate in overseas trade shows; (f) the preparation of business plans to facilitate the initial financing and managment of the business; (g) the financing of feasibility studies relating to the development of new businesses or products; (h) the provision of assistance in managerial, accounting or budgetary analysis; or (i) the provision of assistance in general or production management.
6.

Fees The fees payable under sections 5 and 6 of the principal Act are the fees specified in Schedule IV.

Made the 16th day of January, 2008 Minister of Finance and the Economy.

SCHEDULE I Prescribed Activities 1.

Agriculture, Forestry and related service activities.

2.

Arts and cultural activities.

3.

Construction services.

4.

Entertainment services 5.

Financial services.

6.

Fishing, operation of fish hatcheries and fish farms and service activities incidental to fishing.

7.
7.

Health care services.

8.

Hotel and restaurant and other tourism related services.

9.

Manufacturing 2008 No.

5 The Small Business Development Regulations, 2008.

10.

Personal care services.

11.

Real estate, renting and other related business services.

12.

Repair of personal and household goods and vehicles.

13.

Sanitation, sewage and refuse disposal services.

14.

Sporting and recreational services.

15.

Transport, storage and communication services.

16.

Wholesale and retail trade.

17.


Information and communication technology services.

18.

Education and human resource development services.

19.

Consultancy services.

SCHEDULE II Forms FORM 1 APPLICATION FOR APPROVED SMALL BUSINESS STATUS 1.

Name (including the trading name of business)________________________________________ 2.

Company Incorporation or Certificate of Registration No:________________________________ 3.
Type of business:_____________________________________________________________ ____________________________________________________________________________ 4.

Address of principal place of business:_____________________________________________ ____________________________________________________________________________ 5.

Address of principal or registered office of company:___________________________________ ____________________________________________________________________________ 6.
DIRECTORS (if a registered company) FIRST DIRECTOR: (i) Name (First, Middle and Surname):________________________________________________ (ii) Residential Address:___________________________________________________________ ____________________________________________________________________________ The Small Business Development Regulations, 2008.

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5 (iii) Occupation:________________________________________________________________ (iv) Any former Christian or surname:_________________________________________________ (v) Any other business or occupation:_______________________________________________ (vi) Present nationality:___________________________________________________________ (vii) Nationality of Origin:________________________________________________________ (viii) Signature:_________________________________________________________________ SECOND DIRECTOR: (i) Name (First, Middle and Surname):_______________________________________________ (ii) Residential Address:_________________________________________________________ ____________________________________________________________________________ (iii) Occupation:________________________________________________________________ (iv) Any former Christian or surname:________________________________________________ (v) Any other business or occupation:________________________________________________ (vi) Present nationality:____________________________________________________________ (vii) National of Origin:__________________________________________________________ (viii) Signature_________________________________________________________________ THIRD DIRECTOR: (i) Name (First, Middle and Surname):_______________________________________________ (ii) Residential Address:__________________________________________________________ ____________________________________________________________________________ (iii) Occupation:________________________________________________________________ (iv) Any former Christian or surname:_________________________________________________ (v) Any other business or occupation:_______________________________________________ (vi) Present nationality:___________________________________________________________ 2008 No.
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(vii) Nationality of Origin:________________________________________________________ (viii) Signature:_________________________________________________________________ Continue details of any further directors on a separate sheet to be attached to this form 7.
SHAREHOLDERS/OWNERS/PARTNERS First Shareholder/Owner/Partner: (i) Name (First, Middle and Surname):________________________________________________ (ii) Residential Address:___________________________________________________________ ____________________________________________________________________________ (iii) Occupation:________________________________________________________________ (iv) Any former Christian or surname:_________________________________________________ (v) Any other business or occupation:_______________________________________________ (vi) Present nationality:___________________________________________________________ (vii) Nationality of Origin:________________________________________________________ (viii) Percentage of Shares/Ownership:_______________________________________________ (ix) Percentage interest in other businesses or companies:_______________________________ (x) Signature:__________________________________________________________________ Second Shareholder/Owner/Partner: (i) Name (First, Middle and Surname):_______________________________________________ (ii) Residential Address:__________________________________________________________ ______________________________________________________________________________ (iii) Occupation:________________________________________________________________ (iv) Any former Christian or surname:_________________________________________________ (v) Any other business or occupation:_______________________________________________ The Small Business Development Regulations, 2008.
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5 (vi) Present nationality:___________________________________________________________ (vii) Nationality of Origin:________________________________________________________ (viii) Percentage of Shares/Ownership:_______________________________________________ (ix) Percentage interest in other businesses or companies:_______________________________ (x) Signature:__________________________________________________________________ Third Shareholder/Owner/Partner: (i) Name (First, Middle and Surname):_______________________________________________ (ii) Residential Address:___________________________________________________________ _____________________________________________________________________________ (iii) Occupation:________________________________________________________________ (iv) Any former Christian or surname:_________________________________________________ (v) Any other business or occupation:_______________________________________________ (vi) Present nationality:___________________________________________________________ (vii) Nationality of Origin:________________________________________________________ (viii) Percentage of Shares/Ownership:_______________________________________________ (ix) Percentage interest in other businesses or companies:_______________________________ (x) Signature:__________________________________________________________________ Continue details of any further Shareholders/Owners/Partners on a separate sheet to be at- tached to this form 8.
Existing or Estimate Capital Investment:_____________________________________________ 9.

Existing or Estimate Total Annual Income_____________________________________________ 10.

Number of persons employed or to be employed:____________________________________ 11.

Particulars of: (i) Level of exports:_____________________________________________________________ 2008 No.

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_____________________________________________________________________________ ____________________________________________________________________________ (ii) Foreign exchange earnings/savings:______________________________________________ _____________________________________________________________________________ ____________________________________________________________________________ 12.
Date of commencement of business, or date on which the business is likely to commence: _______________________________ Signed _______________________________ Owner/Partner/Director/Secretary Statutory Declaration I, hereby declare on oath that the information contained in the above form is true and correct to the best of my knowledge, information and belief _______________________________ Owner/Partner/Director/Secretary Sworn before me at On the day of 20 _______________________________ Justice of the Peace The Small Business Development Regulations, 2008.
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5 Form 2 CERTIFICATION OF REGISTRATION 1.

Name (including the trading name of business)_______________________________________ 2.

Company Incorporation or Certificate of Registration No:_______________________________ 3.

Small Business Registration No.

:__________________________________________________ I hereby certify that the above named Small Business was registered under the Small Business De- velopment Act, 2007 on the day of 200 .
______________________________________ Registrar of Intellectual Property and Commerce Form 3 STATEMENT OF CHANGE To the Antigua and Barbuda Investment Authority: In accordance with s. 6(1) of the Small Business Development Act, 2007, I/we hereby give you notice of the following change which has taken place in the particulars supplied to you at the time of the application for approved small business status.

(Please fill in particulars of change as required or indicate “not applicable”) 1.
Name (inculding the trading name of business)_______________________________________ 2 Company Incorporation or Certificate of Registration No.

:_______________________________ 3.

Type of business:_____________________________________________________________ _______________________________________________________________________________ 4.

Address of principal place of business:_____________________________________________ ____________________________________________________________________________ 5.
Address of principal or registered office of company:__________________________________ 2008 No.

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_______________________________________________________________________________ 6.
DIRECTORS (If a registered company) (i) Name (First, Middle and Surname):_______________________________________________ (ii) Residential Address:___________________________________________________________ _____________________________________________________________________________ (iii) Occupation:________________________________________________________________ (iv) Any former Christian or surname:_________________________________________________ (v) Any other business or occupation:_______________________________________________ (vi) Present nationality:___________________________________________________________ (vii) Nationality of Origin:________________________________________________________ (viii) Signature:_________________________________________________________________ 7.
SHAREHOLDERS/OWNERS/PARTNERS (i) Name (First, Middle and Surname):________________________________________________ (ii) Residential Address:__________________________________________________________ _____________________________________________________________________________ (iii) Occupation:________________________________________________________________ (iv) Any former Christian or surname:________________________________________________ (v) Any other business or occupation:_______________________________________________ (vi) Present nationalilty:__________________________________________________________ (vii) Nationality of Origin:________________________________________________________ (viii) Percentage of Share/Ownership:_________________________________________________ (ix) Percentage interest in other businesses or companies:________________________________ (x) Signature:__________________________________________________________________ The Small Business Development Regulations, 2008.
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Existing or Estimated Capital Investment: 9.

Existing or Estimated Total Annual Income: 10.

Number of persons employed or to be employed: 11.
Particulars of: (i) Level of exports:______________________________________________________________ ____________________________________________________________________________ _______________________________________________________________________________ (ii) Foreign exchange earnings/savings:______________________________________________ ____________________________________________________________________________ _______________________________________________________________________________ 12.
Date of commencement of business, or date on which the business is likely to commence: _______________________________ Signed _______________________________ Owner/Partner/Director/Secretary FORM 4 APPLICATION FOR CONCESSIONS UNDER THE SMALL BUSINESS DEVELOPMENT ACT, 2007 Section A 1.

Name (including the trading name of business)_______________________________________ 2.

Company Incorporation or Certification of Registration No:_____________________________ 3.
Type of Business:____________________________________________________________ ____________________________________________________________________________ 4.

Address of principal place of business:____________________________________________ 2008 No.

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____________________________________________________________________________ 5.
Address of principal or registered office of company:__________________________________ ____________________________________________________________________________ 6.

Telephone number of principal place of business_____________________________________ 7.

Telephone number of registered office of company____________________________________ 8.

Facsimile number of principal place of business______________________________________ 9.
Facsimile number of registered office of company____________________________________ 10.

Residential Address:__________________________________________________________ ____________________________________________________________________________ 11.

Residential Telephone Number:__________________________________________________ 12.

Email address:______________________________________________________________ 13.
Is the small business [ [ ] an individual [ ] a sole proprietor [ ]a partnership ] a firm [ ] a company [ ]a micro/small enterprise 14.

Is the small business [ ] new [ ] established 15.

Date established_____________________________________________________________ 16.

Date business registered_______________________________________________________ 17.

Type of Business____________________________________________________________ 18.
Number of persons employed____________________________________________________ 19.

Does the business contribute to Social Security Medical Benefits [ [ ] yes ] yes [ [ ] no ] no Board of Educaiton [ ] yes [ ] no 20.

Tax identificaiton number_________________________________________________________________ Section B (Please indicate below all items for which concessions are sought The Small Business Development Regulations, 2008.

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Exemption from/reduction of duty on raw materials, building materials, furniture, furnishings, fixtures, fit- tings, appliances, tools, spare parts, plant, machinery and equipment for use in the construction and operation of the business 2.

Exemption from/reduction of duty on importation or purchase of motor vehicle for use in the operation of the business - specify type and how many 3.

Reduction of Property Tax in respect of land and buildings used in the operation of the business 4.
Exemption from/reduction of Income tax on the income of the business (how many years) 5.

Exemption from/reducation of stamp duty on loan documents 6.

Reduction of stamp duty on Non-citizens Land Holding Licence 7.
Reduction of stamp duty on land transfers Section C Purpose for which concession is sought:________________________________________________________ ________________________________________________________________________________________ Section D Please provide values for which concession is sought.

1.
1.

Cost Price of item:$______________________________________________ (b) Estimated value of concession sought:$______________________________ Section E Have you or your business been granted concessions before?

[ ]yes [ ]No Certification The undersigned hereby certifies that the information contained in the above form and in the accompanying attachments is true and correct to the best of my knowledge, information and belief.
The undersigned agrees to notify the Authority immediately of any material change in this application.

The undersigned authorises the Authority to contact, without further notice to the undersigned, any person or institution for the purpose of verifying information in this application _______________________________ Owner/Partner/Director/Secretary Date____________________________ 2008 No.

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SCHEDULE III Documents and Particulars Part 1 - Documents to Accompany an Application for Recognition as an Approved Small Business 1.

A certificate of registration issued under the Business Names Registration Act or a certificate of incorporation issued under the Companies Act, as appropriate, along with the tax identification number.

2.

A declaration verifying the particulars specified in Part 2 of this Schedule.

3.
3.

Where the business has been in operation prior to the date of enactment of this Act, an audited financial statement of accounts for the financial year immediately preceding that in which the ap- plication is made.
Part 2- Particulars to be Entered in the Register of Small Businesses The particulars referred to item 2 of Part 1 of this Schedule and to be registered by the Registrar under paragraph 5 (2) (c) of the principal Act are: (a) the name, residential address and occupation of each owner, shareholder and director; (b) (c) the percentage of ownership or the number of shares held or to be held by each owner or shareholder in the business or company to which the application relates; the names of all other businesses or companies in which the owners, shareholders and directors referred to in paragraph (a) are also owners, shareholders or directors, and the percentage of ownership or extent of such shareholding; (d) the type of business and location; (e) the existing or estimated capital investment; (f) the number of persons employed or to be employed; (g) the existing or estimate annual income of the business; (h) where applicable, particulars to enable a determination of the level of exports, foreign exchange earning and foreign exchange savings: the date of the commencement of the business or the date on which the business is likely (i) The Small Business Development Regulations, 2008.
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5 to commence, as the case may be; and (j) such other information as the Minister considers necessary.

SCHEDULE IV FEE 1.

On application to the Registrar for registration as a small business under section 5 together with the issue of a Certificate of registration- $100.

2.

For certified copy of any document under subsection 5(4)-$10.

3.

For inspection of a document under subsection 5(4) - $5.

4.
4.

For filing a statement of any change within the meaning of subsection 6(2), (including one cer- tificate of registration)-$25.