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Overview
Incorporation: within 2 weeks + delivery time for the courier
Minimum paid up capital: No minimum capital requirement
Overview
Saint Lucia is an island jurisdiction in the Caribbean region off the South American shores and is one has one of the most prominent financial services centres in the world. It offers companies a host of offshore financial and banking services in a variety of sectors, the most popular of which is their International Business Company (IBC). A St. Lucian IBC is one of the world’s finest offshore formation vehicles, due to its simplicity, low annual fees and flexibility.
The country boasts of a modern legal and financial framework enshrined within the International Business Companies Act 1999. Although the jurisdiction is relatively new in the world of offshore financial services, its assortment of offshore products that can be used in conjunction with a St. Lucian IBC include: an offshore trust, a mutual fund company, an insurance company, and offshore bank formation opportunities. These give clients unprecedented prospects in diversifying their international offshore business portfolio.
St. Lucia’s financial system has never been blacklisted nor has it received much international attention from foreign financial regulatory agencies, escaping unnecessary scrutiny. However, it retains strong anti-laundering and anti-fraudulent policies that has kept the St. Lucian offshore banking and company formation industries both secure and reliable.
A St. Lucian IBC is popular because it offers client confidentiality and anonymity, no audit or reporting requirements, with low annual government fees and flexible corporate arrangement possibilities. While St. Lucia has a history of strategic importance, for over 150 years the English and the French fought for control of the island, it is quickly earning a name for itself in the 21st century as a leading offshore banking and financial centre.
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Name Check |
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Company Incorporation |
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Local secretary |
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Government fees |
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Registered office for 1 year |
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Delivery of original documents |
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Apostilled documents |
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Nominee director and shareholder |
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Total amount: |
€2,000 |
€2,550 |
€3,400 |
Comprehensive Guide to Company Incorporation
General information
Company structure
- ▪ Only one shareholder (can also be a legal person, no nationality restriction or residency restrictions)
- ▪ Only one director (can also be a legal person, no nationality or residency restrictions)
Confidentiality
- ▪ Beneficial owners’ details – Not part of public record
- ▪ Shareholders’ details – Not part of public record
- ▪ Directors’ details –Not part of public record
Taxation
- ▪ Lucia IBCs may elect to be exempted 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.
Other benefits
- ▪ The directors and the shareholders meetings need not be held in St.Lucia; also there is no requirement for an Annual General Meeting. All meetings may be held outside St.Lucia, by telephone or other electronic means. Alternatively, directors and shareholders may vote by proxy.
Accounting requirements
Whilst there is no requirement to file audited accounts or annual returns with the authorities, a company is required to keep financial records, which should reflect the financial position of a company. An IBC is only required to have an annual audit if it elects to pay tax or if it is an International Bank, International Insurance Company or Mutual Fund.
Secretary
Required
Registered Agent
Required
Registered office
Required
Company name
- ▪ Language: Any
- ▪ Letters: From Roman alphabet
- ▪ Company name must end with such sufixes or their abbreviations: Limited, Corporation, Incorporated, Societe Anonyme, Sociedad Anonima
- ▪ Names Requiring Consent or a Licence: Bank, Insurance, Assurance, Re-Insurance, Trust, Trustee, Savings, Royal, Asset management, Fund Management, Investment Fund, Building Society, Municipal, Chartered
N.B.
- ▪ Restricted connections for company name: name of state, national or local government.
- ▪ Any name that implies illegal activity or implies royal or government patronage is restricted.
- ▪ Registrar may reject any name which it considers undesirable or contrary to the public interest.
- ▪ Company name is restricted to be identical or similar that of an existing company.
- ▪ In case when foreign language is used for company name the translation must be provided to Registrar which will ensure conformity to above listed restrictions.
Incorporation
- ▪ Name check and approval
- ▪ Filling incorporation documents with the Registrar of Companies
- ▪ A standard set of original corporate documents
- ▪ Payment of the Government fee
- ▪ Provision of registered agent and registered address for one year
- ▪ Provision of company secretary for one year
Please provide us with the following documents and data:
Incorporation
- ▪ A notarized copy of valid passport (of each Shareholder, Director, Beneficial Owner, Authorized Signatory)
- ▪ A copy of proof of residential address (ex. utility bill of each Shareholder, Director, Beneficial Owner, Authorized Signatory that is not older than 3 months) in English
- ▪ Optional: A notarized copy of Bank reference (of each Shareholder, Director, Beneficial Owner, Authorized Signatory)
- ▪ Optional: CV (of each Director and Shareholder)
N.B.
- ▪ If Shareholders and/or directors are legal persons, then it is required to submit full set of apostilled company documents and if company is operating more than 1 year it is required to submit certificate of Good Standing.
- ▪ If documents are not in English language or language of particular country, then they must be accompanied by a notarized translation.
Capital
- ▪ Amount of paid up capital
Company name
- ▪ Three company names in order of preference