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St Lucia Offshore Company Registration - Business Setup

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5 simple steps are needed to incorporate your company in St Lucia

 
Complete our application form - St Lucia
Complete our order form and make the payment for your chosen services. You will then be assigned a client manager to assist you through the incorporation process.
 
Upload your documents
Your account manager will ask you for official documents which are required for your company formation.
 
Incorporate your company successfully
Once your documents have been processed your company will be successfully incorporated subject to local authority approval.
 
Process any additional services
Your account manager will guide you through the steps of completing your request of additional services such as bank accounts.
 
Manage Your company via our client portal
Our client portal will give you immediate access to all your documents as well as display your company structure.
 
 

St Lucia Offshore Banking Options

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St Lucia Offshore 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 of a St Lucia Offshore Company

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:
  1. 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.
  2. The company’s annual tax return is to be submitted to the St. Lucia Inland Revenue Department (IRD). The UFS is to be attached.
  3. 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
for the Creation of a St Lucia Company
A certified copy Certification of a passport can be made by a notary, an attorney-at-law, a bank, a public officer, or in accordance with SFM indications. Kindly consult your dedicated account manager at SFM to obtain precise information. 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.**






Frequently Asked Questions
Company Formation in St Lucia

  • 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:
    1. 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.
    2. The company’s annual tax return is to be submitted to the St. Lucia Inland Revenue Department (IRD). The UFS is to be attached.
    3. 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.)
    4. 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.

St Lucia Jurisdiction News




* Subject to the constraints of the due diligence procedure.
** Documents must be provided for every person related to the company.
*** E.g. A lawyer/law firm + practicing accountant/accounting firm may issue 2 separate letterset
Disclaimer: Nothing on this webpage shall be construed as a contractual commitment or as a warranty. Services conditions are governed by the applicable terms and conditions.

Our Client Reviews

Our Testimonials Are Verified By Feefo, A Third Party Company

4+ out of 5 stars customer rating
Overall Rating
96% Customer satisfaction rate, testimonials verified by Feefo.com
07-Nov-2024
Mrs. Madina is great. REally helpful
16-Oct-2024
Helpful, proactive and good communication and very fast delivery of the requested service. Excellent!
26-Sep-2024
It was really a professional service
18-Sep-2024
Brilliant assistance, always swift and professional replies, generally speaking... happy with SFM
09-Aug-2024
I was particularly well received by Christelle, the Managing Partner of the Dubai branch. SFM demonstrated great agility in their quotation process, which was crucial as I was leading a nascent structure in Dubai. The support provided during the administrative procedures for establishing my company in the UAE, along with the responsiveness of the service—especially from one of their team members, Oksana—truly reassured me and gave me confidence during a stressful period of establishing a professional presence abroad. I highly recommend SFM to any professional looking to set up in the UAE or even just to benefit from their advice.
02-Aug-2024
The service renderade was proactive, engaged and well excecuted.

For those looking for a quick and streamlined company formation process, St. Lucia is a popular jurisdiction. St Lucia's stable business environment, highly skilled workforce, and competitive operating costs have made it a popular destination for company formation. The country's well-developed business infrastructure, including modern telecommunications and transportation systems, provides a range of advantages to international companies looking to expand their operations in the Caribbean region.

You can register your company at SFM in just a few simple steps with our streamlined company registration services in St. Lucia. We will guide you through the process and help you choose the right jurisdiction.

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