Saint Lucia IBC

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.