Company formation in Saint Lucia

  1. Home
  2. Company formation
  3. Saint Lucia

Price starts from €3,000

Saint Lucia has one of the most prominent offshore financial service and company formation centers in the world. It offers companies a host of offshore financial and banking services in a variety of sectors.

This jurisdiction is the best option for:

  • Offshore savings and investments
  • Professional service company
  • International trading companies
  • Captive insurance, reinsurance, life insurance, and general insurance
  • Holding services
  • Financial management

Benefits:

  • Tax-free or low-tax options (IBCs can choose exemption from income tax or pay a 1% income tax)
  • No currency controls, exchange controls, or capital controls
  • Strict confidentiality policy regarding directors' and shareholders' names
  • Stringent anti-money laundering and anti-illegal activity procedures
  • Auditing or annual reporting not required unless IBC opts to pay the 1% tax
  • Maximum flexibility and control
  • Straightforward registration procedures
  • Minimal corporate information disclosure requirements
  • Nominee directors and shareholders available

$1

minimum paid up share capital

1%

corporate tax

2 weeks

average company registration period

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

Procedure for registration a company in Saint Lucia

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:

  • Certified copy of passport
  • Certified copy of a second ID document (such as birth certificate / driver license / Identity Document)
  • Certified copy of proof of domicile dated less than three months
  • 2 distinct professional letters (a lawyer/law firm + practicing accountant/accounting)
  • Bank reference letter dated less than three months
  • Curriculum vitae
  • Last 3 months' bank statement

Taxation in Saint Lucia:

A Saint Lucia IBC may elect to be exempted from paying taxes on income otherwise the company must pay income tax at the rate of 1%.

A Saint Lucia IBC is not subject to any other taxes including stamp duties or capital gains tax.

Withholding tax: 25%

Value-added tax (VAT): The standard VAT rate is 12.5%, with a reduced rate of 10%, 7%, and 0%.

If our proposal is intriguing, we kindly request to book a call with us or send your request via Telegram messenger. By doing so, we guarantee access to a comprehensive commercial personalized offer, featuring up-to-date prices and detailed information.

We look forward to the opportunity of collaborating and delivering exceptional solutions that meet and exceed expectations of any Client.

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

Contact Us

If our proposal is intriguing, we kindly request to complete the form provided below to learn more. By doing so, we guarantee access to a comprehensive commercial personalized offer, featuring up-to-date prices and detailed information.

We look forward to the opportunity of collaborating and delivering exceptional solutions that meet and exceed expectations of any Client.

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