Saint Lucia is an island jurisdiction in the Caribbean region off South American shores. The country is a former British colony, which became independent in 1979. The political system of Saint Lucia is based on the British model; the country has an appointed Governor-General who represents the interests of the Queen of the United Kingdom. Local rule is implemented by a Cabinet and a Prime Minister elected by a Senate.
Saint Lucia is a member of the British Commonwealth of Nations and the United Nations Organisation. Due to its pleasant climate, the island is known as a popular place of recreation for tourists from Europe and America all the year round.
Incorporation and operation of companies in Saint Lucia jurisdiction are regulated by the International Business Company Act 1999.
| GENERAL INFORMATION | Total area - 616 sq km
Population - 136,000
Location - click here to see the map of offshore jurisdictions
Political status - Member of British Commonwealth.
Capital - Castries
Official language - English
Official currency - Carribean Dollar (XCD)
Time zone - GMT - 4 |
| Company type | International Business Company (IBC) |
| Directors/Officers | St. Lucia IBC companies require a minimum of 1 Director and 1 Secretary, who may be a natural person or a corporate body from any legal jurisdiction.
Each St. Lucia IBC company must file a Register of its Directors with the Register of Enterprises of St. Lucia. |
| Shareholders | St. Lucia IBC companies require a minimum of 1 shareholder, who may be a natural person or a corporate body from any legal jurisdiction.
Each St. Lucia IBC company must file a Register of its Shareholder/s with the Register of Enterprises of St. Lucia. |
| Authorised share capital | Standard authorised capital = USD 50,000.
There is no statutory requirement for capital to be fully or partly paid on incorporation. |
| Company Names | The name of a St. Lucia IBC company must end with the words "Incorporated", "Corporation", "Limited", or suffixes such as "Inc.", "Corp.", "Ltd.", "S.A.", etc.
Company names containing restricted words such as "Bank", "Insurance", "Assurance", "Imperial", "Royal" etc. will not be permitted unless an appropriate national operating licence has been obtained by the company. |
| Beneficial Ownership information | There is no requirement for information about beneficial ownership to be disclosed with local authorities. |
| Filing of Annual Return | There is no requirement to file an Annual Return. |
| Filing of Financial Statement | There is no requirement to file Financial Statements in St. Lucia for IBC companies. |
| Corporate Taxation | St. Lucia IBC companies are not subject to corporation tax in St. Lucia. |
| Tax Treaties | St. Lucia does not have treaties with any other jurisdictions dealing with the avoidance of double taxation for non-resident companies. |
| Timeframe for incorporation | 6/7 working days. A complete set of company documents can be delivered in 4/5 weeks. |
| Takeover of management & secretarial services for an existing St. Lucia IBC company | Possible, following verification of Beneficial Ownership and agreement with and discharge of liabilities to previous corporate service provider in St. Lucia. |
| Description of incorporation documents | Click here for itemised description of company documents. |
| "Ready-made"("Shelf") companies | We are happy to register new company in this jurisdiction in accordance with client instructions. |
| Price of St. Lucia IBC company | USD 1590, including incorporation costs, full domiciliary (Registered Agent/Office) costs, Nominee services and legal support services for one year. |
| Cost of annual support services | USD 990 per year, including full domiciliary (Registered Agent/Office) costs, annual Government Duty, Nominee services and legal support services for each year. |
