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St Lucia Company

More Information

Steps to company formation - St Lucia

 
 
Upload your documents
Your account manager will ask you for official documents which are required for your company formation.
 
Register your company successfully
Once your documents have been processed your company will be successfully registered.
 
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.
 
 

Banking Options

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St Lucia Company

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:
  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
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.
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
Anniversary date of the company / 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 the 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.)
  • 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

4.7 out of 5 stars customer rating
Overall Rating
96% Customer satisfaction rate, testimonials verified by Feefo.com
23-Feb-2014
Things have been very smooth since my first contact with SFM and they always answered pricisely and quickly to my anwers.
21-Feb-2014
I am very pleased with the service which SFM has provided me. The process was efficient, straight forward, and quick. I have used various corporate service providers in the past and after using SFM, it has taken the number one spot. Everybody who were involved in setting up the company have been very helpful and accommodating. I will definitely be using SFM for any future business.
21-Feb-2014
Site clair et précis
Tarif transparent
Service et écoute excellent
rapidité d'exécution
Sérieux
courtoisie
20-Feb-2014
I am very happy with the way SFM operates. I came to them in order to have a new company incorporated. They have advised me about the best options available and were able to set up the company within a couple of days. I also paid for a bank account with that company and they were very helpful in that regard as well. They set up the meetings with the bank and I was able to go there in person and sort everything out much faster than normal. All in all, I would recommend SFM if you want to have a new company incorporated.
20-Feb-2014
SFM offered us very stable ,reliable and professional service that we highly recommend to anyone interested to open a company online. We were aware that establishing your business online without face to face communication has many disadvantages,but cooperating with SFM for that matter made us completely relaxed and secure that everything is being handled in most professional and reliable manner.
Moreover, the guidance of the staff,their constant support and kindness made the process very easy,so that they swiftly managed to establish our business that we still run today successfully.
We still use SFM services for all that we need as we progress in our business and we would not change SFM for anything!!!
Our sincere gratitude to SFM for being our best online business service !
19-Feb-2014
SFM is very professional and quickly, I used them for 3 times and for sure I will use again in the future. The office people are always available also during no working time
Stars