By Abigayle McIntosh

The newly appointed Executive Director of the Antigua and Barbuda Investment Authority is assuring members of the public that the entity supports local investment and is not solely for foreign investors,

Garfield Joseph said there is equal opportunity for locals as well.

“Any registered business in Antigua can apply for incentives for business for expansion or business development”.

He said this is a business that may require materials, resources, or anything that is needed to enhance the business operations.

“They can make an application and the government will give incentives such as duty-free concessions, relief on ABST, whatever is required in order for that business to move forward”.

The new executive director also pointed out that the investment property initiative is also still available for locals.

“Someone who wishes to invest in whatever area and may require concessions or anything, those incentives are available to locals as well. You do not have to be an expat or the United States,” Joseph said