*** To maintain good standing, your Saint.Lucia company must pay an annual renewal fee. This fee is a flat rate and free from hidden charges.

What’s included for 2999

● Incorporation of Company
● Saint.Lucia Government Registration Fees
● Registered Office for 1 year
● Registered Agent for 1 year
● Certificate of Incorporation
● Memorandum of Association
● Register of Members
● Membership Certificates
● Lifetime support

Why Saint.Lucia

Incorporating and conducting business within Saint Lucia comes with a full range of benefits. In addition to providing exceptional asset protection and financial privacy, choosing Saint Lucia also allows for the avoidance of stamp duties, capital taxes, exchange controls, capital controls and currency controls. Saint Lucia is a great jurisdiction for creating offshore companies, because it imposes lower than normal real estate transaction costs, while also providing less burdensome restrictions on stock sales for capital raising. Furthermore, unlike other jurisdictions, the European Union’s Savings Directive does not affect Saint Lucia.

Benefits of opening a company in Saint.Lucia

• It has a policy of total confidentiality regarding names of the directors and shareholders.
• It has a very well regulated structure to assure cleanliness and deter money laundering and other illicit activities.
• IBCs may elect to be exempt from income tax or to be liable to income tax on profits and gains at 1%. Also IBCs are not subject to stamp duties, withholding tax and capital gains tax.
• No audit or annual filing required unless IBC elects to pay tax. The government fee is the only annual requirement.
• Saint Lucia has great flexibility and control of the operations of the IBC.
• Low annual fees.
• The directors can be from any nationality and the meetings can be held anywhere around the world.
• They allow using nominees shareholders and directors.
• They allow shares with or without par value.
• Makes provision for tax concessions for any specially qualified person working for the IBC in St. Lucia
• The IBC is not subject to exchange control.

Types of Business Entities in Saint.Lucia

Saint Lucia offers a diverse array of company structures, each tailored to different business needs and goals. Understanding these options is crucial whether you’re a local entrepreneur or an international investor seeking to leverage the island’s business-friendly environment.

INTERNATIONAL BUSINESS COMPANIES (IBC)

One of the most popular choices for foreign companies in Saint Lucia is the International Business Company (IBC). IBCs are ideal for those looking to engage in international business without conducting local commercial activities. This entity type offers significant tax benefits, including exemptions from local taxes on foreign-earned income, which can be a compelling reason to register an IBC in Saint Lucia. The process of company registration for an IBC is streamlined to encourage offshore company formation.

LIMITED LIABILITY COMPANIES (LLC)

For those seeking to operate a business in Saint Lucia, the Limited Liability Company (LLC) offers a flexible option with the benefit of limited liability for its owners. Forming an LLC is a good choice for entrepreneurs who want to protect their personal assets while enjoying the benefits of a straightforward tax system. The company name of an LLC must be unique and must adhere to certain requirements set by the Saint Lucia Corporate Registry.

BRANCHES OF FOREIGN COMPANIES

Establishing a branch of a foreign company in Saint Lucia is another viable option, especially for businesses that aim to directly manage their operations within the island nation while maintaining their base overseas. This setup allows companies to directly manage their local operations and can be an effective way to expand into the Caribbean market.

PARTNERSHIPS AND SOLE PROPRIETORSHIPS

For smaller ventures or those looking for simpler setups, partnerships and sole proprietorships offer ease of formation and operation. These forms of business require less formal structure and are subject to different regulatory and tax considerations compared to corporations.

Incorporation Procedure

Documents from individuals:

• NOTARISED copy of Passport and ID/DL clearly showing photo and signature.
• Original or Certified Original Utility Bill/Bank Statement showing name and physical residential address.
• Company name
• CV/Resume
• Two references in respect of individuals, corporate shareholders and directors:
  • One letter from a legal advisor or one from an accounting firm/tax advisor indicating the length of time the client has been known and stating that the client is reputable and trustworthy and aware of the taxation obligations in his relevant jurisdiction, relating to income derived from the proposed International Business Company.
  • A letter from a bank stating that the client has maintained an account in good standing for at least the last two (2) years.

Documents from legal entities:

For corporations that are shareholders and/or directors, a copy of the latest filing of its corporate annual return with the registrar of companies or other relevant registry, Certified Original Certificate of Incorporation, Register or Notice of Directors and Shareholders. References and a notarised passport copy are also required for each shareholder and director of that corporation.

Note: Where documents are in a language other than English, a certified translation of the full document into English must be provided, with the original document.

Company Structure

• Minimum Number of Directors: At least one director is required, who may be a natural person or a legal entity. Directors’ details are not available to the public.
• Minimum Number of Shareholders: At least one shareholder is required,, who can be either natural or legal persons, residents or non-residents, without restrictions. Details of shareholders are not publicly disclosed.The same person can act as Director and Shareholder.

Timeline

Once we have received all the required identification documents, the company formation process will take approximately 3 working days subject to compliance review.

Taxation Policies