Registration of Company on St. Lucia

Saint Lucia is one of the most beautiful islands in the Caribbean. It is situated between Martinique and Saint Vincent in the eastern region of the Caribbean Sea and is part of the Lesser Antilles archipelago.

The country is one of the former colonies of the Great Britain. Saint Lucia became independent in 1979. The political system of Saint Lucia is not surprisingly based on the British model. The country is member of the British Commonwealth and the United Nations.

The official language is English, and French is also prevalent.

Saint Lucia is currently classic tax-free jurisdiction that does not require complex procedures to maintain the company and in terms of submitting annual statements. The tax-exempt legislation of Saint Lucia is not in force not so long ago, starting from 1999. And offshore business in Saint Lucia is carried out only since 2000. Of course, the country has not yet managed to become sufficiently popular among entrepreneurs in comparison to other more famous offshore jurisdictions. But, despite this fact, more and more businessmen in the world tend to register or buy offshore company in St. Lucia.

The corporate legislation of the country is especially favorable to non-resident companies. Registration of offshore companies in Saint Lucia is carried out for the shortest time possible, and necessary level of confidentiality is provided for the owners of companies due to the fact that all information about them is not put on the state register.

The Legislative Framework

Registration and activities of offshore companies in the island jurisdiction of Saint Lucia are governed by the following legislative act:

-  The International Business Company Act (1999).

Forms of doing Business in Saint Lucia

The most advantageous form for cost-efficient international business in Saint Lucia is:
- International Business Company (IBC).

Registration of offshore company in Saint Lucia. Basic features.

There are no requirements for the presence of Saint Lucia’s resident in the company acting as director.

At least one shareholder can establish IBC in Saint Lucia.

The company name should necessarily include the abbreviation that indicates the limited liability of the company (Limited, Ltd., Incorporated, Inc, etc.).

There is mandatory requirement for the presence of legal address and registration agent in the territory of Saint Lucia island.

The required level of information protection for company owners in Saint Lucia is assured by not putting data on the register.

The company appoints the official who will be responsible for corporate relationships.

Starting From 2019, IBCs can operate on the island. However, in this case, IBC must pay corporate income tax at a rate of 30%. An income, which is not from the territory of Saint Lucia, is not subject of taxation.

The incomes, which are not from the territory of Saint Lucia, shall be considered the following:

• An income received from a company, which is registered outside Saint Lucia;
• An derived income from real estate, which is located outside of Saint Lucia;
• An received income from investments in securities issued by an issuer not being a resident of Saint Lucia;
• A Payment of royalties received from a foreign company;
• Any income that is considered income from sources outside of Saint Lucia in accordance with the points of the agreement on the avoiding of double taxation.

Bookkeeping in Saint Lucia

The company does not submit any accounting or audit reports.

Taxes in Saint Lucia

The law on international companies provides for preferential tax treatment, and the company in Saint Lucia can pay:

A) Corporate income tax with minimum rate of 1%;

B) Annual license fee (its amount depends on the authorized capital of the company). In this case, the company is not obliged to conduct annual audit and submit annual financial statements to the relevant regulatory authorities.

The company in Saint Lucia does not pay capital gains tax.

The amount of fixed state tax is $ 300 per year.

The peculiarity of Saint Lucia is that it is one of the countries where the legislation favors registration of offshore insurance and reinsurance businesses.

We will register company (offshore) in Saint Lucia for you within the shortest time possible. It has never been easier to buy offshore company in St. Lucia at a low price. Registering offshore company in Saint Lucia is one of the simplest and cheapest ways to start a legitimate international business. Offshore registration is one of the main directions of our company's work.