WHY CHOOSE St Lucia FOR YOUR BUSINESS?
Explore the unique advantages that make St Lucia a top choice for
global entrepreneurs and investors.
TAX EFFICIENCY
Saint Lucia offers competitive tax rates and incentives for businesses.
HIGH PRIVACY PROTECTION
Privacy laws protect sensitive corporate information from public disclosure.
SIMPLE SETUP PROCESS
Get your company up and running in just 2-3 business days.*
CARIBBEAN BUSINESS HUB
Access global markets from a strategic Caribbean location.
INCORPORATE YOUR COMPANY IN St Lucia
IN 5 SIMPLE STEPS
IN 5 SIMPLE STEPS
1
COMPLETE OUR APPLICATION FORM
2
UPLOAD DOCUMENTS
3
COMPANY GETS INCORPORATED SUCCESSFULLY
4
ADDITIONAL SERVICES ARE PROCESSED
5
MANAGE YOUR COMPANY VIA OUR CLIENT PORTAL
GET STARTED
St Lucia OFFSHORE
COMPANY FORMATION
COMPANY FORMATION
Good to Know
St. Lucia's international financial services industry has sprung up as a result of the country’s need to diversify its economic base, which — as a beneficiary of the U.S. Caribbean Basin Initiative, a member of the Caribbean Community and Common Market (CARICOM), and the Organization of Eastern Caribbean States (OECS) — is ripe for substantial expansion and growth.
Main Characteristics
Governing corporate legislation
St Lucia International Business Companies Act of 1999 and International Business Companies Regulations, 2000.
Information published relating to company officers
There is a public registry. However, no names of shareholders, directors and officers are visible. Only the memorandum and articles of association are publicly accessible.
Accounting requirement
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), to us and the registered agent, failing which the government will apply a penalty and the same will accrue until submission.
- 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.)
Taxation
IBCs registered from 1 January 2019 shall be taxable under the new territorial tax system, created under the Income Tax Act and shall be subject to tax at 30% on income sourced within Saint Lucia. To the extent that a Saint Lucian IBC registered on or after 1 January 2019 generates income from foreign sources, or earns dividend income or derives capital gains, such income will not be taxed in Saint Lucia. IBCs are required to register with the Inland Revenue Department in Saint Lucia and will be issued a Tax Account Number (TAN).
Legislation
Modern offshore legislation.
Standard currency
US$
Time to form
St Lucia has a fast and efficient registry: it takes about 48-72 hours to register a company (upon validation of your identification documents).*
Stability
Stable jurisdiction with a very good reputation.
Communication
Efficient communication means.
Time zone
Convenient world time zone: UTC/GMT-4
Secretary required
No
Paid up capital requirement
No paid up capital requirement. The standard share capital is USD 50,000 but can be amended to fit your requirements.
Renewal Date
1st of January / Each Year
Basis of legal System
Under Civil Law and Common Law.
Minimum directors/shareholders
Minimum of 1 director/shareholder
Bearer shares
Bearer shares not permitted
Documents Required
A certified copy
of your passport, a certified copy of a second ID document (such as birth certificate / driver license / Identity Document), a certified copy of proof of domicile dated less than three months, 2 distinct professional letters*** and a bank reference letter dated less than three months, a curriculum vitae, as well as last 3 months' bank statement. All in original.**
of your passport, a certified copy of a second ID document (such as birth certificate / driver license / Identity Document), a certified copy of proof of domicile dated less than three months, 2 distinct professional letters*** and a bank reference letter dated less than three months, a curriculum vitae, as well as last 3 months' bank statement. All in original.**
CUSTOMER
TESTIMONIALS
TESTIMONIALS
WHY BUSINESSES CHOOSE US FOR COMPANY FORMATION
December 18, 2024
Fast and reliable service. Account manager was responding fast and always to the spot. 
October 17, 2024
Helpful, proactive and good communication and very fast delivery of the requested service. Excellent!
September 19, 2024
Brilliant assistance, always swift and professional replies, generally speaking... happy with SFM
August 2, 2024
The service renderade was proactive, engaged and well excecuted.
READY TO SET UP YOUR St Lucia COMPANY?
Take the first step toward a successful business setup in St Lucia with trusted support every step of the way.
Start my company formation
FREQUENTLY
ASKED QUESTIONS
ASKED QUESTIONS
Have questions about starting your business with SFM? We’ve got
answers. Here’s everything you need to know about our company
formation process, pricing, and ongoing support.
-
What type of company do you register in St Lucia?
The type of companies that we form in St Lucia is known as an International Business Company (IBC).
IBCs are now deemed resident companies and subject to the provisions of the Income Tax Act and therefore will not be restricted from doing business in St Lucia. -
Is a St Lucia IBC tax liable?
All St Lucia IBCs became tax residents as of 1st July 2021. This means that those IBCs which were tax-exempt before that date are now required to register for a Tax Account Number.
An exemption exists for foreign-sourced income provided the IBC qualifies by meeting the economic substance requirements. Foreign sourced income is taxed at 30% and domestic sourced income is exempt.
While the company might be subject to local tax regulations in St Lucia, please consult with a tax/legal advisor in your country of residence, to determine your own tax liability. -
Will my name be public once I setup a St Lucia IBC?
No, there is no public register of company officers in St Lucia. -
How many directors and shareholders should I appoint on my St Lucia IBC?
A minimum of 1 director and 1 shareholder should be appointed to setup a St Lucia International Business Company (IBC). -
Do I need to submit accounting records for my IBC company in St Lucia?
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), to us and the registered agent, failing which the government will apply a penalty and the same will accrue until submission.
- 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.)
- Annual Return (prescribed form containing information on the IBC’s shareholder, director & beneficial owner)
-
Do I need to be a resident to form an IBC in St Lucia?
There are no requirements to appoint a St Lucia resident in the company acting as director/shareholder. -
Do I need to deposit the paid-up capital for a St Lucia IBC?
No, there is no paid up capital requirement. The standard share capital is USD 50,000 but can be amended to fit your requirements. -
Are bearer shares allowed in St Lucia?
No, bearer shares are not allowed in St Lucia and tend to disappear from most jurisdictions.
Still have questions?
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