St Lucia
| General | |
| Benefits |
|
| Drawbacks | Not well known and established |
| Company rank | International Business Company (IBC) |
| Company law source | International Business Companies Act |
| Company Name | Company names must end with Incorporated etc |
| Company formation time | one - two days |
| Ready made companies available? | Yes |
| Minimum capital expected | None |
| Capital Duty | £200 |
| Number of members required | One |
| Are shares of nil amounts / bearer shares possible? | Yes (No Constraint) |
| Directors: lowest number / company directors permitted / locality | One / Yes / No Constraint |
| Secretary: compulsory/ company secretary permitted / locality | No / Yes / No Constraint |
| Are there obligations to have Registered Office or Agent? | Yes / Yes |
| Is there information essential to the authorities before incorporation before tax position being given? | The registered agent must show due diligence. No public information requirements |
| What information can the public access about the company? | Basic company information such as registered address and company number. |
| What papers have to be held at company's Registered Office? | The registered office of the company would keep the statutory books. |
| Where are company records kept? | At the company's registered office address |
| Do accounts need to be prepared and submitted? | No / No. Sometimes if chosen. |
| Is a yearly return compulsory? | No |
| Do meetings have to be held in a particular place? | No Constraint |
| Yearly cost payable to the government / Yearly Return expenses | £750 |
| Any restrictions on money transfers? | None |
| Tax arrangements with other countries? | Some available |
The most common type of company incorporated in St. Lucia is the International Business Company, (IBC) which is governed by the International Business Companies Act, 1999.
St. Lucia IBCs are relatively straightforward structures. Like in most other jurisdictions worldwide, these companies offer a great deal of flexibility to investors, such as, by not imposing residency restrictions on shareholders and directors, not requiring annual meetings within the jurisdiction, allowing the use of nominee shareholders and directors, allowing shares both with and without par value. At the same time, the privacy of the principals and directors is protected under the Act, with only the registered agent and registered office in St. Lucia appearing on the public record.
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