St. Lucia - IBC/Other jurisdictions
Saint Lucia is an island jurisdiction located on the island of the same name in the Caribbean region, off the coast of South America. The island, having a wonderful climate, is known as a popular holiday destination, visited all year round by tourists from Europe and America.
The country, a former colony of Great Britain, became independent only in 1979. The political system of Saint Lucia is based on the British model; The head of state is nominally the Queen of Great Britain, who is represented by the Governor-General in Saint Lucia. Legislature - Parliament, consisting of two chambers. Executive power is exercised by the government headed by the prime minister.
Saint Lucia is a member of the British Commonwealth and the United Nations.
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The registration and activities of companies under the jurisdiction of Saint Lucia are governed by the legislation of The International Business Company Act 1999.
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Basic information about jurisdiction
Area – 620 sq. кm
Population – 160.000
Government – country of the British Commonwealth
Capital – Castries
Official language – english
Official currency – Caribbean dollar (XCD)
Time zone – GMT–4 -
Company type
International Business Company (IBC) -
Directors of the company
Quantity: at least one
Status: natural or legal persons
Residents: residents of any country
Information about directors: only in the Register of Enterprises of Saint Lucia
Nominee directors: allowed -
Shareholders of the company
Number: at least one
Status: natural or legal persons
Residents: residents of any country
Information about shareholders: only in the Register of Enterprises of Saint Lucia
Nominee shareholders: allowed -
Secretary Company
Number: at least one
Status: natural or legal persons
Residents: residents of any country
Information about secretary: only in the Register of Enterprises of Saint Lucia
Nominee Secretary: allowed -
Share capital
Standard declared capital is USD 50,000.
There are no requirements for payment of this capital or part of it. -
Company Name
Must end with the words' 'Incorporated' ',' 'Corporation' ',' 'Limited' 'or the abbreviations'' Inc. '', '' Corp. '', '' Ltd. '', '' GmbH '', ' 'S.A' '. Registration of names containing the words '' Bank '', '' Insurance '', '' Assurance '', '' Imperial '', '' Royal '', etc., is allowed only after obtaining the appropriate licenses. -
Information about the real owner of the company
Information about the real owner is submitted only to the registration agent and is confidential. -
Annual Return
Requirements for the submission of the annual report is not put forward. -
Financial Statement
Requirements for the submission of a financial statement is not put forward. -
Taxation
Taxation of IBC companies - 0%. -
Double tax treaties
Saint Lucia does not have double tax treaties with other countries. -
The term of registration of a new company
6-7 business days; The delivery deadline for a full package of documents is 4-5 weeks.
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Acceptance of third-party companies for servicing FIVECONSULT
Only in consultation with the previous serving agent in Saint Lucia. -
Set of constituent documents of the company
1) registration certificate (Certificate of Incorporation);2) articles of association / Memorandum and Articles of Association, signed by the first founders of the company (Subscribers);3 a) a report on the appointment of a nominee director (Resolutions of the Incorporator / Shareholder);4) two blank (blanco) general powers of attorney (General Power of Attorney) signed by a nominal director;5 ) confirmation of the nominee director of the transfer of the company to its real owner (Agreement for the provision of nominee services and indemnification of the nominee);6) Resignation letter of nominal direct ra, signed, but without a date;7) share certificates (Share Certificates) with the signature of the nominee director;8) register of directors and shareholders (Company Register);9) printing company. -
Ready-made companies
We are ready to register a new company for your order. -
FIVECONSULT Comment:
Saint Lucia is a classic tax-free jurisdiction that does not require complex maintenance procedures and annual company reporting. Since the tax-free legislation in Saint Lucia is relatively recent (since 1999), the country simply did not have time to acquire such popularity among entrepreneurs as other, the most well-known offshore jurisdictions.