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Life in St. Vincent & The Grenadines

Life in St. Vincent & the Grenadines is the perfect travel guide for planning and enjoying a vacation in St. Vincent & the Grenadines. This conveniently sized, colourful, B4 publication zones in on each island’s essential information; featuring guidance on accommodation, dining, sightseeing, land/watersports and shopping. The magazine then goes beyond basic listings by stimulating the reader’s excitement with fascinating editorials and spectacular photographs. Life in St. Vincent & the Grenadines is what every visitor needs and wants in their pocket. After using the magazine as a guide during their holiday, visitors will then take it home as a memento to show to friends and family, thereby inspiring others to come and visit as well.

Life in St. Vincent & The Grenadines is distributed free of charge to hotels, guest houses, tour operators, ferries, airports and shops. It is also used as a marketing tool at the famous World Travel Market held annually in London each November. This vital resource offers limitless opportunities to reach potential clients for an entire year. Imagine – your advertisement will be seen by every tourist, business executive and island hopper who passes through our beautiful islands during a twelve month period. It is also an ideal way to learn more about our Caribbean islands by viewing West Indies Publishing’s other exciting publications.

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Grenadine Air Alliance Inflight Magazine

This airline services the islands of Barbados, St.Vincent, Bequia, Mustique, Canouan and Union. It also does charter flights to Carriacou, Grenada, Martinique, St. Kitt’s & Nevis, St. Barth’s, St. Lucia, Dominica and many other islands.
This annual publication encompasses thoroughly researched articles with brilliant photography printed in a handy A5 sized magazine. GAA’s in-flight magazine invites passengers to learn more about their destination through engaging editorials and vibrant depictions of island life.

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Dominica

Experience Dominica is the official magazine of the Dominica Hotel & Tourism Association. This lively visitor’s guide to the Nature Isle gives tourists all the essential information they need about attractions, tours, activities, historic sites, restaurants and shops. Experience Dominica also contains captivating articles about this natural paradise accompanied by stunning photography. This annual publication is a timely and effective way to promote Dominica to potential visitors and the perfect memento to take away after an adventure-filled holiday.

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Bequia

Holiday Bequia is everything you need to know about Bequia packed into a convenient A5 sized magazine. This publication offers comprehensive and informative tidbits about Bequia, from accommodation, dining, sightseeing, villa rentals, sports and shopping to fun-filled annual events such as the Easter Regatta and the Bequia Music Festival. Breathtaking pictures of the quaint and picturesque landscape dot the pages of this handy guide adding a special charm to the magazine. Holiday Bequia is printed annually with a print run of 20,000 copies. This Bequia Tourism Association endorsed publication is the perfect way to make your business visible to visitors for the year and is also at the World Travel Market in London annually.

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Antigua Sailing Week

The Antigua Sailing Week magazine is the sole publication distributed to all participants of Antigua Sailing Week. It features the programme of events and course maps for the upcoming event, plus sailing related editorials, stories on notable local and international sailors, advertorials and top class photography of the previous year’s event. The magazine is a wonderful memento that participants and visiting spectators can keep on their boats or take home to friends and family.

The Notice of Race contains the rules, regulations, schedules and all other relevant information relating to ASW. It is distributed to yacht clubs in Europe, USA and the Caribbean, as well as at early regattas such as the ARC and Triskell Cup and regional regattas in the Caribbean which happen before Antigua Sailing Week. Sailing Instructions is a publication featuring the official race instructions and course maps, distributed at the Skipper’s Briefing to all participants. The Antigua Sailing Week magazine, Notice of Race and Sailing Instructions are viewed by sailing enthusiasts, potential and confirmed race participants internationally. Advertising with us will guarantee your product or service maximum exposure to the international yachting world. Prime advertising positions will be booked early, particularly as the number of sponsors is expected to increase next year. Be sure to secure a specific position in one of these exciting publications.

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Antigua Tourist Map

 The Antigua & Barbuda Map is a double-sided, professionally designed and researched map, produced annually by West Indies Publishing Ltd.

This map is, after twenty five years, still the most informative island map available, detailing major and minor road systems, places of interest, petrol stations and hotels. Island map advertisers are conveniently located on the panels around the map of Antigua, for quick and easy viewing as well as having their location marked on the map itself.

The St. John‘s city map fully illustrates the one way traffic system, traffic lights, round-abouts, all major points of interest, the main routes out of town and also shows where our advertisers are located in the capital.

Personalized front cover overprints are offered to all advertisers. This is particularly popular with car rental companies, tour operators and travel agents who are eager to promote their business.

The Antigua & Barbuda Map carries only a limited number of advertisers – many of whom repeat annually, particularly due to the effective yet economical opportunity to advertise for a year. Make sure to book your space early!

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Real Estate Antigua

Antigua is famous for its 365 white sandy beaches, crystal clear waters, sun and the constant cooling trade winds. Our tourist product is associated with guests staying in hotels, arriving on large cruise liners and or luxury yachts, and a growing sector known as Residential Tourism.

Retirement and self catering vacation properties, apartments, condominiums, attached and stand alone homes and high end luxury villas constitute this second home market. From the Mediterranean countries to Thailand, Africa, the Caribbean and North America, residential tourism is very much in demand and popular with investors and retirees alike. Antigua too is targeting this sector and attracting attention from all over the Americas and Europe due to the easy access and direct flights and of course our hillside properties with gorgeous views and many harbours and beaches offering waterfront property.

GATED COMMUNITIES

These include properties where hotels extend their rooms by offering self catering accommodation. Property owners may use the amenities of the hotel while enjoying the privacy of their own homes. Some property owners enter a rental programme when not using the property themselves. Management and maintenance services can be contracted from the hotel or these properties can have their own managers, gardeners, maids and cooks. Jolly Harbour is the largest gated community offering from one bedroom apartments to large villas at this comprehensive marina, golf and beach resort. On Long Island, Jumby Bay, A Rosewood Resort, is one of our top residential tourist products – owners or their guests can combine their vacation package to include catering in their home or at the hotel. Sugar Ridge Hotel opened in 2010. The small 32 room boutique hotel with spa, shops and restaurants is now concentrating on selling and developing its 54 fully serviced building plots. At the opening in May 2010, both the Prime Minister and the Finance Minister recognised what was achieved at Sugar Ridge, and proclaimed the Government’s support for the Residential Tourism aspect of development. Many of our second home owners prefer to live amongst the local population and have settled in all parts of the island.

THE NORTH WEST

Always popular has been the north west section of the island which includes the capital St. John’s, the Cedar Valley Golf Course and the V.C. Bird International Airport. This popular residential area includes Paradise View, McKinnon’s, BlueWaters, Hodges Bay, Cedar Valley and Coolidge. The north of the island has seen major expansion in amenities such as the new Multiplex Cinema, two very impressive supermarkets and new malls with an excellent variety of stores and restaurants. The new state of the art Mount St. John’s Hospital, the American University of Antigua and several new private health service facilities and clinics are also important to Antiguans and of special interest to retirees, residents and visitors alike. Certainly the north west is the location of choice for many Antiguan residents, including those returning to work or retire. Antiguans living aboard are also investing in Antigua wishing to own a ‘piece of the rock’, as are ex-pats, business persons and retirees who choose the north west for  their Antiguan home.

THE EAST COAST

Many residential tourists chose Antigua’s east coast. The most notable development in this regard is the Mill Reef Club, established in the late 1940s by east coast Americans. High-end villas are located on this coast, taking maximum advantage of the cooling trade winds. The south east, encompassing the historic national park of Nelson’s Dockyard and the many surrounding fortifications, is popular and growing steadily. Visitors arrive on yachts and end up making Antigua their second home. These types of people are attracted to, Non Such Bay, Half Moon Bay,St. James’s Club, English and Falmouth Harbours and Turtle Bay. Adjacent to the Antigua Yacht Club Marina is Antigua’s newest, tasteful hotel/apartment complex, South Point.

THE CARIBBEAN SIDE OR WEST COAST

In recent years, the west coast, or Caribbean side, has become the hotspot of Residential Tourism, providing the added bonus of calmer waters, sunsets and excellent boating. There is a wide selection of property both in gated communities and on the hills and beaches along the coast. Tamarind Hills is one of the newest gated communities developing a combination of up-market villas and apartments. This property straddles two of the best beaches in Antigua, Darkwood Beach and Fryes Bay. For fractional ownership Tranquility Bay offers 64 fully furnished suites on one of Antigua’s premier beaches, Jolly Beach.

THE WORLD ECONOMY

There is no better time to purchase property in Antigua and Barbuda than now, with an excellent selection of building plots, pre-built property and motivated sellers. The property market in Antigua has reacted to the effects of the world wide recession creating this opportunity, so be sure to find out what is on offer. For the best results, contact a real estate agent who can offer a full range of professional services and one stop shopping for all your real estate needs.

ACQUISTION CONSIDERATIONS

1. For non-citizens a licence is required to purchase property. The cost
is 5% of the value of the property.
2. For vacant land, building must be completed in compliance with the
non-citizen’s licence terms.
3. Government transfer fees to the buyer are 2.5% and to the seller is
7.5%.
4. Property taxes/rates are based on rental value and are reasonably set.
5. Most property is fee simple or freehold. Leaseholds are rare and usually
held by the Crown.
6. Legal cost 1% to 2% depending on the value of the transaction.
7. There is no title insurance. Properties are registered at the Land
Registry.
8. Real estate agent commissions are from 5% to 7%.
9. The property management fee is usually 10%. Rental commissions
8.33% of the value of the lease.
10. Withholding taxes are 25% of net rental income for non-residents.
11. Insurance coverage is approx. 2.0% of insured risk; deductible of 2%
includes earthquakes and named storms.
12. Bank financing is available but interest rates are high by world standards.
13. Most houses are serviced by septic tank. Water cisterns are required.
14. Most properties are serviced by government electricity and water,
cable TV, telephone and broadband.
15. The Antigua & Barbuda Investment Authority offers attractive fiscal
incentives to developers.

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Old Estate Houses Antigua

It is very difficult to picture the island of Antigua in the days when sugar was king – or even 60 years ago. In its heyday there were roughly 200 plantations throughout the island, each a complete entity unto itself growing and providing whatever it took to sustain a community. Today approximately 110 sugar windmills give testament to those days, many having been destroyed in the great earthquake of 1843. The invention of steam took over from wind power in the early 1800’s and in 1905 three sugar factories, Gunthorpes, Montpelier and Bendals processed all of the cane on the island. The only towns or settlements prior to emancipation in 1834 were St. John’s, Parham, Bridgetown, Falmouth and Old Road, all sea ports with access to shipping and commerce.

Villages did not exist. Small marl roads criss-crossed the land and all available arable land was under the cultivation of sugar cane, cotton and tobacco. It was an orderly scene. Nearly every plantation contained a Great House, manager’s house, the works, a mill, outlying buildings, animal pens and slave quarters. Today, however, we do not talk about man’s inhumanity to man. Instead, where has this all vanished to? Where are these Great Houses, or Estate houses? In Barbados, Jamaica and other islands, the Great Houses were constructed of cut limestone and were able to withstand the ravages of time and many were protected as national treasures. In Antigua, the footings, ground storey and surrounding walls were made of stone, but the second storey and living quarters were generally constructed of wood, very few of brick or stone.

The bottom floor with three foot stone walls was used as a storehouse and refuge in time of unrest, Amerindian attacks and hurricanes. The second storey not only provided an overall view of the estate but also caught the cooling trade winds. Over time termites weakened the upper structure enabling hurricanes to complete the devastation. Two hurricanes in 1950 were particularly damaging, and the cost to repair outweighed practicality. Fifteen years ago several structures were abandoned but were still standing in the bush, such as Blackman’s, and today only the stone ruins remain. Another major contributing factor to this sad situation was the forming of the Syndicate Estates which caused owners of private estates to sell out in hard times. When the Antiguan cane cutters refused to work, cutters were brought in from St. Lucia and housed in some of the vacant estate houses such as Duers. At Duers, a coal pot fire burned the kitchen area down and there no care was given to the structure being used as a dormitory contributing to its demise.

Other estate houses were sold privately such as Parham Hill, Cedar Hill, Upper and Lower, Jolly Hill, Mercer’s Creek, Weatherills, Crosbies, Langfords, Elliots, Body Ponds, Belvedere and Collins. It is thanks to these privately renovated and maintained homes that a handful of the original estate houses exist today. None of these homes are open to the public unlike the Great Houses in Barbados and Jamaica and none are declared national treasures. The Museum of Antigua & Barbuda is very interested in documenting any photographs of estate houses that may still exist in private albums. Should anyone have any records or photographs, please allow the Museum to scan the documents for its archives, after which they will be returned. Over 350 years of history literally blowing in the wind with only the name of an area to remember the estate.

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Antigua: A Committed Caribbean Centre for Financial Services

Antigua & Barbuda established its International Financial Centre in 1982, one year after its independence from the United Kingdom, and is now a favorite destination in the Eastern Caribbean for both tourism and international financial services. However, it is not unscathed by issues relating to the world financial crisis, even though it had no direct exposure to the toxic sub-prime mortgage debt that triggered the crisis. The domestic economy is largely dependent on tourism and has been affected by the financial constraints experienced by most travelers by sea and air. Clients of the international financial centre have also experienced credit restrictions in their home markets and were forced to disrupt their wealth management portfolio to address their personal financial circumstances. Notwithstanding the challenges of the prevailing environment, Antigua and Barbuda has the commitment of both its government and private sector to ensure an infrastructure which can respond to the special business needs and financial services of Caribbean and international client relationships.

A REGULATORY ENVIRONMENT FOR INVESTMENT

The jurisdiction has a robust mutual legal regime which facilitates a transparent process under which information may be exchanged. It is in full compliance with the OECD and has successfully completed twenty tax information exchange agreements by mid 2010 and was placed on the OECD’s ‘white list’ of compliant jurisdictions. Mutual legal assistance in anti-money laundering and financing of terrorism matters is also provided for under the Mutual Assistance in Criminal

Matters Act (MACMA). The MACMA provides for mutual assistance for all countries that are members of the British Commonwealth, the United States of America and for other countries for which Antigua and Barbuda has signed mutual legal assistance treaties (MLATs). There is no legal or practical impediment for rendering assistance where both countries criminalize the underlying offence. The jurisdiction also benefits from being a member of the Egmont Group through Antigua’s supervisory authority, Office of National Drug and Money Laundering Control Policy (ONDCP), which assists communications between Financial Intelligence Units to prevent money laundering and the financing of terrorism. The governing legislation for the management of its international financial centre is regularly updated to ensure compliance with international standards.

BANKING SUPERVISION

The regulatory environment of banks providing international financial services is strongly supervised for the safe and ethical depository of foreign currencies and the delivery of wealth management solutions. The jurisdiction undergoes regular peer evaluation by the Caribbean Financial Action Task Force as well as reviews by the World Bank and the IMF, all of which give enhanced scrutiny to the operations of the financial centre. The supervision of banks is divided with domestic commercial banks under the Eastern Caribbean Central Bank, and international service banks are licensed and regulated by the Financial Services Regulatory Commission (FSRC) and must maintain internal policies to govern compliance with international  standards. With these actions, the jurisdiction has been aggressively emulating the actions taken worldwide to strengthen the regulatory oversight of all financial systems. The FSRC has already adopted stronger levels of supervision for its annual examination of all international service banks. Annual financial audits are mandatory and are conducted by resident offices of well recognized auditing firms including PriceWaterhouseCoopers, PKF and KPMG. The banking sector has also taken actions to ensure the compliance of their institutions to international standards and in association with the Caribbean Association of Indigenous Banks (CAIB) have launched the Caribbean AML/CTF Principles for Correspondent Banking. These Principles, with associated AML/CTF Guidelines, are a core set of standards to which Member Banks will subscribe by having their Boards of Directors agree to adopt and ensure their institution operates in accordance with these standards. CAIB also promotes the Caribbean AML/CTF Principles to the several regulatory and supervisory authorities for AML/CTF matters in the Caribbean region, so that Member Banks’ compliance with these standards will also be observed during regular bank examinations. Subscribing banks to these Principles, including those from Antigua, are identified on the CAIB website www.caribbean-principles.com.

BUSINESS CENTRE

The combination of well-regulated financial services, world class communications, an English-speaking and skilled workforce and strong professional resources offers a positive environment for electronic and international business services. Antigua provides ideal support for information technology services and Internet-driven business opportunities that demand more sophisticated financial services. The Antigua & Barbuda Investment Authority established by the Government assists the investment process and identifies related incentives for certain investment categories.

Modern financial services include Internet banking, telephone banking, wire transfers in major currencies, corporate and trust administration, pension and fund management, payroll services, electronic commerce facilities that allow online sales of international services and  products and the development of multi-functional prepaid debit cards. These are powerful financial tools that enable business people to compete in an international and open market environment. The remarkable growth of the Internet is impacting economies around the world, and Antigua is no exception. As an independent nation, it is well positioned to attract international business for electronic commerce. The government has passed the relevant legislation to govern e-commerce, the Electronic Transactions Act, and also to control abuse of electronic systems and protect the safety of online activity.

The government is also committed to operate as an e-government and has positioned Antigua to become a leading Caribbean IT centre. One of Antigua’s banks sponsors the Global Processing Centre, Ltd., which is a world class card processing facility that hosts a platform to support all types of local and international transactions for ATM, Point of Sale and web based Ecommerce services. This helps to broaden the scope of services that can be arranged and offered from the jurisdiction including micro-finance services, international remittances, and a variety of payroll and employee benefit programs, all of which can be successfully managed on payment cards. The processing data centre helps to support enhanced due diligence for card holders by filtering all cardholder identities through the OFAC list of terrorists and drug offenders, and by hosting customer information details on card holders from all card programmes. The Centre’s platform is expanding to support mobile commerce which will allow it to play a greater role in facilitating small payments worldwide.

WEALTH MANAGEMENT

Antigua has become attractive to international investors from Latin America, Europe and the Far East seeking private banking services and wishing to balance their portfolios with certain commodity and foreign exchange trading services, and who may be interested in property investment in the jurisdiction. Increasingly, investors have been purchasing properties in Antigua & Barbuda as vacation and second homes. These investments also qualify them for Permanent Residency, and they can obtain advice from any of the major accounting firms with offices in Antigua such as PriceWaterhouseCoopers, PKF, KPMG or their own advisory resources for tax planning arrangements. Several major real estate developments are being undertaken in Antigua & Barbuda, and interest from international investors has been significant.

The resident banks have been supportive to investors pursuing local real estate and tourism projects. Antigua’s financial centre has legislation to govern the operation of various types of formal structures often required to support wealth management strategies, including the establishment of trusts and foundations and the incorporation of international businesses and limited liability companies. There is a fully experienced and professional sector comprised of attorneys-at-law and licensed company providers that can assist in the clearing of names, registration of corporate entities and referring clients for bank account relationships in the jurisdiction.

GLOBAL COMMUNICATIONS

Business persons who demand efficient international banking will appreciate the services offered in Antigua. Internet banking provides 24/7 access to view account activity, establish bill-payments and standing orders, and initiate wire transfers and other necessary communications to the bank. To further assist and maintain financial control over accounts are related card products linked to customer accounts that permit access to funds around the world at banks, merchants and ATMs. Strong and secure communications defy geographic constraints by putting the bank branch in your backyard and full banking services at your fingertips. The expansion of technology-driven facilities to support mobile payments will position the jurisdiction to be able to attract micro-finance and payment services.

ANTIGUA’S INTERNATIONAL FINANCIAL CENTRE

Antigua’s International Financial Centre is successfully addressing the challenges posed by the world financial crisis and has appropriately reorganized itself to meet the requirements of modern business and the surge of global demands for financial solutions for international business, wealth management and e-commerce services. It is redefining the role of international banking relationships and complimenting global business opportunities that need financial solutions. The combination of well-regulated financial service providers and the ability to offer modern and technology-driven financial services in a stable environment makes Antigua & Barbuda a premier location for doing global business.

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About Us

Established in 1992, West Indies Publishing Ltd. is comprised of a small, vibrant, conscientious group of professionals who pride themselves in delivering promptly on their commitment to clients and advertisers. Their portfolio of magazines has consistently grown over the years and at present they produce eight different, high quality publications that run the gamut from sailing, to tourist orientated titles that appear in hotel rooms. They also publish an in-flight magazine, as well as their much sought-after Antigua Tourist Map . All publications are currently printed in England due to the size of the print run and in order to ensure the highest quality, using the latest digital printing and proofing technology. They strive at all times to capture and re-produce on paper the passion, colour and excitement of the Caribbean.

WIP currently employs five full time staff in Antigua, with two of those being managers, as well as a limited number of sales personnel based in St. Vincent & the Grenadines.