Saint Lucia Banking License
- Class A Licence – This is a general banking licence without restriction as to with whom the bank can do business. The minimum paid up capital requirement is $1,000,000.
- Class B Licence – This licence restricts the persons with whom the bank can do business. The application for a Class B licence must include a list in the form of an undertaking of the persons with whom the bank will be doing business. With the permission of the FSRA, this list may be modified after the bank has been established. The minimum paid up capital requirement is $250,000.
Legal Requirements
Requirements |
Description |
General |
|
|
St. Lucia International Business Company |
|
USD 25, 800 (Class A) USD 15, 800 (Class B) |
|
USD 25, 300 (Class A) USD 15, 300 (Class B) |
|
Yes |
Share capital or equivalent |
|
|
USD 1,000,000 (Class A) USD 250,000 (Class B) |
Directors |
|
|
2 |
|
No |
|
Yes |
Shareholders |
|
|
2 |
|
Yes |
|
No |
Service Providers Required |
|
|
Yes |
|
Yes (from anywhere) |
|
Yes (from St. Lucia) |
- Fast licensing process
- Tax exemption of an international bank
- Relatively friendly regulatory requirements
- End to end comprehensive service
- Speedy and efficient service
- Expert advice on structuring options
- Dedicated ongoing compliance support
- Extensive network pool of service providers