Company formation in Saint Lucia

The most popular corporate registration form in Saint Lucia is the International Business Company (IBC)

$1

minimum paid up share capital

1%

corporate tax

2 weeks

average company registration period

Step by Step Description

Step 1. Initial Setup:

  • Initiating a preliminary project assessment
  • Preparation and filing of the package of documents

Step 2. Company registration:

  • Verification and reservation of the company name at the Commercial Registry
  • Facilitating the notarial process for the company's official registration
  • Incorporating the company's data into the Commercial Registry
  • Obtaining the Certificate of incorporation from the Commercial Registry, Memorandum and Articles of Association

We also can help with:

  • Company secretarial services
  • Opening bank accounts
  • Preparing apostilled documents
  • Further legal support

Requirements for a IBC in Saint Lucia

Before deciding to set up a new company in Saint Lucia, read the information below to understand the characteristics of a International Business Company:

The type of company is an International Business Company (IBC).

Number of directors/shareholders – minimum of 1 director/shareholder.

Share capital – no paid up capital requirement. The standard share capital is $50,000.

Liability – the liability of its shareholders is limited to the amount of capital they have invested in the company through their shares.

Accounting – by no later than 3 months after the financial year-end of the company, the following are required:

  • An IBC is to submit an unaudited financial statement (UFS).
  • The company’s annual tax return is to be submitted to the St. Lucia Inland Revenue Department (IRD). The UFS is to be attached.
  • The Economic Substance Return is to be submitted (currently to us for onward transmission to the IRD, but in time it will be directed to the IRD).

Document requirements:

Taxation in Saint Lucia:

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The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.