Saint Lucia
Company Formation
Saint Lucia
Starting at €2650
Starting at €2650
What's included for 2650€ :
What’s Included:
- Incorporation of company
- Governmental fees for first year
- Free Online Platform
- Scanned corporate documents
- Registered Address
Additional Services Available
Local lawyer legal opinion
€1200
Registered address
€600
Notarization and apostille
€650
Incumbency certificate
€250
Good standing certificate
€450
Courier
€450
VAT Registration (if applicable)
€320
EIN Number (Tax ID)
€320
SWIFT + SEPA supporting EMI
€5000
Accounting services, introduction fee
€100
Company formation
Company formation
Advantages of setting up an International company in Saint Lucia
- Tax Benefits: Saint Lucia offers attractive tax incentives for businesses. There are no capital gains, inheritance, or wealth taxes. Additionally, there are various tax treaties in place to prevent double taxation.
- Political and Economic Stability: Saint Lucia has a stable political environment and a well-functioning democratic system. The country has a solid track record of economic stability, making it an attractive destination for investors.
- Strategic Location: Saint Lucia is strategically located in the Caribbean, providing access to regional and international markets. Its proximity to major trade routes and transportation hubs facilitates business operations and trade.
- Favorable Business Climate: The government of Saint Lucia has implemented measures to improve the ease of doing business. There are streamlined processes for company registration, and foreign investors are welcomed and supported.
- Skilled Workforce: Saint Lucia has a well-educated and skilled workforce. The labor market offers a diverse range of talents and expertise, particularly in sectors such as tourism, financial services, and information technology.
- Infrastructure: The country has developed infrastructure, including modern telecommunications networks, reliable transportation systems, and a growing network of ports and airports. This infrastructure supports efficient business operations.
- Tourism and Investment Opportunities: Saint Lucia is known for its vibrant tourism industry, offering opportunities for businesses in hospitality, real estate, and related sectors. The government actively encourages foreign investment and provides incentives in various industries.
- Quality of Life: Saint Lucia boasts a high quality of life, with beautiful natural landscapes, a pleasant climate, and a welcoming culture. This makes it an attractive destination for employees and investors alike.
Taxation system
Taxation system
- Corporate Tax: standard corporate tax rate in Saint Lucia is 30%. However, it’s important to note that there are several tax incentives and exemptions available, especially for businesses operating in specific sectors or engaged in targeted activities. These incentives can significantly reduce the effective tax rate.
- Personal Income Tax: Saint Lucia operates a progressive personal income tax system with multiple tax brackets. The rates range from 0% to 30% based on income levels. Certain deductions and allowances may be available to individuals, reducing their taxable income.
- Value Added Tax (VAT): Saint Lucia imposes a Value Added Tax on the supply of goods and services. The standard VAT rate is currently set at 12.5%. Some goods and services may be exempt or subject to reduced rates.
- Withholding Taxes: Saint Lucia levies withholding taxes on various types of income. For example, dividends paid to non-residents are subject to a withholding tax rate of 15%. Interest, royalties, and certain other payments may also be subject to withholding tax at varying rates.
- Capital Gains Tax: Capital gains tax is not imposed in Saint Lucia. This means that profits from the sale of assets, such as stocks or real estate, are generally not subject to separate capital gains tax.
- Other Taxes: Other taxes in Saint Lucia include property taxes, customs duties on imported goods, and stamp duties on certain transactions.
VAT registration
VAT registration
The Value Added Tax (VAT) system in Saint Lucia requires businesses to register for VAT if their taxable turnover exceeds a certain threshold.
Registration is required where the registrant has annual sales turnover of 400,000 East Caribbean dollars (XCD). Voluntary registration is permissible.
egistering for a VAT number involves completing the necessary application forms and providing relevant information about your business. You will need to submit the application to the Inland Revenue Department along with any required supporting documentation.
Upon successful registration, you will be issued a VAT number that you will use for invoicing and reporting VAT on your business transactions. You will also be required to charge and collect VAT on eligible sales, file regular VAT returns, and remit the VAT collected to the tax authorities.