St. Lucia is one has one of the most prominent financial services centers in the world. It offers companies a host of offshore financial and banking services in a variety of sectors, the most popular of which is their International Business Company (IBC). A St. Lucian IBC is one of the world’s finest offshore formation vehicles, due to its simplicity, low annual fees and flexibility. A St. Lucian IBC is popular because it offers client confidentiality and anonymity, no audit or reporting requirements, with low annual government fees and flexible corporate arrangement possibilities. While St. Lucia has a history of strategic importance, for over 150 years the English and the French fought for control of the island, it is quickly earning a name for itself in the 21st century as a leading offshore banking and financial center.

Key Features

St. Lucia IBC

Corporate Details

General

  • Type of Entity

IBC

  • Registered Office in St. Lucia

Yes

  • Shelf company availability

Yes

  • Our time to establish a new company

2-3 Business days

  • Minimum government fees (excluding taxation)

US $300

  • Corporate Taxation

May elect for tax exemption

  • Access to Double Taxation Treaties

No

Share Capital or Equivalent

  • Standard currency

East Caribbean Dollar (XCD); US Dollar is widely used (XCD 2.7 = USD 1)

  • Permitted currencies

Any

  • Minimum paid up

No minimum

  • Usual authorized

US $50,000

  • Bearer shares allowed

No

  • No par value shares allowed

Yes

Directors

  • Minimum number

One

  • Local required

No

  • Publicly accessible records

No

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Shareholders

  • Minimum number

One

  • Publicly accessible records

No

  • Corporate shareholder allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

Optional

  • Local or qualified

No

Accounts

  • Requirements to prepare

No

  • Audit requirements

No (unless the IBC elects to pay tax)

  • Requirements to file accounts

No

  • Publicly accessible accounts

No

Other

  • Requirement to file annual return

No

  • Migration of domicile permitted

Yes

Advantages

  1. Minimization and exposure to capital gains taxes
  2. Financial security through international diversification
  3. No- or low-tax (IBCs may elect to be exempt from income tax or pay an income tax of 1%)
  4. Strict policy of confidentiality regarding names of the directors and shareholders
  5. No audit or annual filing required unless IBC elects to pay 1% tax
  6. Maximum flexibility and control
  7. Minimum corporate disclosure requirements
  8. Minimal governmental annual fee
  9. Financial records are not mandatory and are not open to the public
  10. No reporting requirements

The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.