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Doing Business in St Lucia
 
 
 

General

St Lucia has moved from being a well-kept secret as an investment destination, to a position in the world spotlight. In the last two years the World Bank has put St Lucia in the World's top 40 countries for ease of doing business and the number one country in the English speaking Caribbean.

It is easy to set up a business in St Lucia. The various forms of business organisations are recognised in St Lucia are provided below. For further assistance and more specific information, you are advised to contact a member of the business community or lawyer registered in St Lucia.

Forms of Business Organisation

Incorporated

Each company requires a memorandum and articles of association and requires to be registered under the Commercial Code. Registration is normally handled by a lawyer based in St Lucia.

Partnership

A partnership is formed by an agreement between two or more persons to carry on a trade, profession or business together under a joint name. The partners are jointly and severally liable for its obligations. All profits and losses are allocated to the partners for tax purposes. Partners are free to agree amongst themselves as to distribution of profit and allocation of loss.

Branch

A foreign enterprise can apply to the government for permission to establish a branch in St Lucia which is subject to the regulations of the Companies Act. A branch established in St Lucia is subject to he laws of St Lucia. In general, the tax rules applying to a limited company apply to a branch.

Sole Trader

The sole trader is an individual who wishes to carry on business in his own right. The name of the business must be registered and need not be that of the individual who remains liable for all his business debts and commitments.

Trade Licences

All foreign individuals and companies who intend to conduct business in St Lucia and own more than 49% of the company shares require a Trade Licence. This is usually obtained annually, for a fee, from the Ministry of Commerce, Tourism, Investment and Consumer Affairs.

 

 
 

 



 


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