Home |About Us

St Lucia Company Formation

Saint Lucia is an island in the eastern Caribbean on the boundary with the Atlantic Ocean. Part of the Lesser Antilles, it is located north/northeast of the island of Saint Vincent, northwest of Barbados and south of Martinique. It covers a land area of 616 km (238 sq mi) and has an estimated population in 2009 of 173,765 Its capital is Castries.

Saint Lucia has a legal system based on British common law. The judiciary is independent and conducts generally fair public trials. The financial sector has weathered the global financial crisis, but the recession impacted tourism to a large extent.

We have set out below the requirements to register a St.Lucia (IBC) International Business Company. The information serves as a general guide but should you need clarification regarding any specific point let us know and we can advise you.

St.Lucia Offshore Company

Legal form: The legislation that governs ‘offshore’ companies in St.Lucia is The International Business Companies Act 1999 as amended. St.Lucia laws allow for the following categories of business ownership: Private Limited Companies, Partnerships, Sole Proprietorships, Trusts and Mutual Funds. The most popular form utilised by non residents is the IBC. The legislation of St. Lucia allows for continuation in St. Lucia of a company incorporated in other jurisdictions which makes it very attractive for the purposed or redomicilliation.

Name of the company: St.Lucia companies’ names must end with one of the following words, or their relevant abbreviations – Limited, Corporation, Incorporated, Societe Anonyme, Sociedad Anonima. The use of any of the following words in a company name would require special licensing: Bank, Insurance, Assurance, Re-Insurance, Trust, Trustee, Savings, Royal, Asset management, Fund Management, Investment Fund, Building Society, Municipal, Chartered. Names denoting any connection to local, state or national Governments are generally prohibited.

Memorandum and Articles of Association: A company is incorporated in St.Lucia by means of an application to the Registrar of Companies. We arrange for the Memorandum and Articles of Association to be lodged with the Registrar. The Memorandum specifies the activities in which the company may engage and the Articles of Association specify the rules governing the internal management of the company.

Shareholders: A minimum of one shareholder is required which may be an individual or a corporate body. The details of the beneficial owners and shareholders are not available on public record.

The share capital: There is no specific minimum capital requirement. The standard authorized share capital is US$ 50,000. The minimum issued capital may be one share of no par value or one share of par value. Issued shares must be fully paid. Registered shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights are permitted. Bearer shares are not permitted.

Directors of the company: A St Lucia IBC requires a minimum of one director and corporate directors are permitted. Directors can be resident anywhere worldwide. Details of the directors do not appear on public record. There is no requirement to have a resident director.

Registered office and local agent/secretary: St Lucia IBC’s must maintain a registered office and registered agent within St Lucia. The registered agent can be a corporate body or individual resident in St. Lucia. All Registered Agents are registered and regulated to ensure professional and efficient service.

Taxation: St.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 or capital gains tax.

Audit and financial returns: 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.

Meetings: The directors and the shareholders meetings need not be held in St Lucia and there is no requirement for an Annual General Meeting. Meetings can be held outside St Lucia, by telephone or any other electronic means. Alternatively, directors and shareholders may vote by proxy.

Time needed for formation: Usually it is 1 working day, but we need up to 10 working days for legalization of the documents and delivery by courier.

 

  • Formation cost includes:
  • Name check and approval
  • Drafting and filing of Memorandum and Articles of Association
  • One set of originals of all standard corporate documents with Apostille
  • Payment of the government license fee
  • Provision of registered address
  • Provision of company secretary
  • Courier fees
  • Rubber stamp

Our costs and fees for the incorporation of St.Lucia International Business Company are $1125 / €825 / £695

Optional services (please contact us to discuss exact requirements)

  • Provision of nominee shareholder $100 / €75 / £62
  • Provision of nominee director $325 / €240 / £200
  • Provision of nominee manager $225 / €180 / £150
  • Bank account opening in St.Lucia $325 / €240 / £200
  • General Power of Attorney with Apostille
  • Apostille of one document
  • Company seal $80 / €60 / £50
  • Mail collection, mail forwarding
  • Virtual office
  • Good Standing Certificate with Apostille

Recurring maintenance fees from 2nd year and after annual fee $800 / €600 / £500

  • Provision of registered office
  • Provision of company secretary/local agent
  • Payment of annual government license fee

UK / Ireland020 7175 0041
(International +44 20 7175 0041)
US / Canada1 954 866 5986
(INTERNATIONAL +1 954 866 5986)
Australia and New Zealand+61 2 9191 7472
(INTERNATIONAL +61 2 9191 7472)
© Copyright 2016 All rights reserved.  |  ORCA Offshore  |  Sitemap  |  Terms & Conditions