Frequently Asked Questions
Find answers to common questions about our services and doing business in Saint Lucia
Company Formation
Company registration in Saint Lucia typically takes 3-5 business days once all required documents are submitted. This includes name approval, incorporation, and issuance of corporate documents. Express services are available for urgent requirements.
Saint Lucia offers several company structures including:
- International Business Company (IBC) - Most popular for offshore businesses
- Limited Liability Company (LLC) - Flexible structure with pass-through taxation
- International Trust - For asset protection and estate planning
- International Partnership - For joint ventures
- International Insurance Company - For captive insurance
Required documents typically include:
- Passport copy of all shareholders and directors
- Proof of address (utility bill or bank statement less than 3 months old)
- Professional reference letter
- Source of funds declaration
- Proposed company name (we'll check availability)
- Description of business activities
Banking
Yes, many banks in Saint Lucia offer remote account opening for international clients. However, some banks may require a physical visit or video verification call. We work with multiple banking partners to find the best solution for your specific needs and can often facilitate fully remote account opening.
Saint Lucian banks typically offer multi-currency accounts supporting:
- USD (US Dollar)
- EUR (Euro)
- GBP (British Pound)
- CAD (Canadian Dollar)
- XCD (Eastern Caribbean Dollar)
- Other major currencies upon request
Forex & Financial Licensing
Requirements for a Forex broker license include:
- Minimum capital requirements (varies by license type)
- Detailed business plan and financial projections
- Compliance procedures and AML/KYC policies
- Qualified management team with relevant experience
- Technical infrastructure and trading platform details
- Professional indemnity insurance
Yes, Saint Lucia is an excellent jurisdiction for proprietary trading firms. The regulatory framework is supportive of prop trading operations, offering flexibility in structure and operations. Many prop firms choose Saint Lucia for its favorable tax regime, modern infrastructure, and efficient incorporation process.
Taxation
Saint Lucia IBCs enjoy significant tax advantages:
- 0% corporate tax on worldwide income
- No capital gains tax
- No withholding tax on dividends, interest, or royalties
- No stamp duty on transfers
- No exchange controls
- Tax exemption guaranteed for 30 years
Saint Lucia maintains a balanced approach to reporting:
- Annual renewal fee payment required
- Updated registered agent information
- No requirement to file annual accounts or tax returns for IBCs
- Compliance with international AML/CFT standards
- Participation in CRS for tax transparency (with appropriate planning)
Residency & Citizenship
Saint Lucia offers several citizenship by investment options:
- National Economic Fund donation (starting from $100,000)
- Real estate investment ($200,000 minimum)
- Government bonds ($250,000 minimum)
- Enterprise investment (starting from $3.5 million)
Processing typically takes 3-4 months, and family members can be included.
Saint Lucia citizenship provides numerous advantages:
- Visa-free travel to 145+ countries including UK, EU Schengen, Hong Kong
- No residency requirements
- Dual citizenship allowed
- No wealth, gift, inheritance, or capital gains tax
- Commonwealth country benefits
- Citizenship passed to future generations
General Questions
No, physical presence is not required for company formation or maintenance. All processes can be completed remotely through our secure online portal. However, some banks may require a visit or video call for account opening, and citizenship applications require due diligence interviews which can often be conducted in your home country.
We maintain strict confidentiality through:
- Bank-level 256-bit encryption for all data
- Strict non-disclosure agreements
- Limited access to client information
- Secure document management systems
- Compliance with data protection regulations
- Professional liability insurance coverage
Our support continues long after incorporation:
- Registered office and agent services
- Annual compliance and renewals
- Corporate changes and amendments
- Accounting and bookkeeping services
- Tax planning and optimization
- 24/7 support for urgent matters
Still Have Questions?
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