COREDO > Company Formation in Saint Lucia

Company Formation in Saint Lucia

Why Register a Company in Saint Lucia

Saint Lucia is an international offshore jurisdiction in the Caribbean based on a common law legal system derived from English law and governed by the International Business Companies (IBC) Act 1999. The jurisdiction offers 100% foreign ownership, no minimum share capital requirements, no local presence obligations, and fast company incorporation within a few business days.

Saint Lucia is suitable for international business structuring, offering 0% tax on foreign-sourced income for IBCs and access to regional markets through CARICOM and OECS. The COREDO team has been operating since 2016, providing full support for company formation in Saint Lucia and other jurisdictions.

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Cost of the service
from 5 870 EUR

Types of Companies in Saint Lucia

IBC (International Business Company) — the primary corporate vehicle for international clients. Incorporated under the IBC Act 1999, an IBC can be wholly owned and managed by non-residents. No minimum share capital is required. A company may have as few as one director and one shareholder; both can be individuals or corporate entities of any nationality. No local directors, local shareholders or physical office in Saint Lucia are required.

IBCs that do not conduct business within Saint Lucia are not subject to local corporate income tax on foreign income, dividends or capital gains. The company can be fully managed remotely by international directors and UBOs.

Permitted Business Activities

A Saint Lucia IBC may be used for a broad range of international activities, including: international trading and import/export operations, holding company structures and asset protection, investment and portfolio management, consulting and professional services rendered outside Saint Lucia, intellectual property holding, and e-commerce and digital business.

IBCs are not permitted to conduct business with persons resident in Saint Lucia or engage in banking, insurance, or trust activities without obtaining the relevant licence.

Company Registration Procedure

Companies in Saint Lucia are registered under the IBC Act 1999 through a licensed registered agent. The registration process includes:

Company name verification and reservation.

Verification of name availability with the Saint Lucia Registry and reservation of the chosen name.

01

Client due diligence (KYC/AML).

Standard compliance check conducted prior to commencement of the registration procedure.

02

Preparation of incorporation documents.

Preparation of the Memorandum and Articles of Association, share certificates, and other required corporate documents.

03

Filing with the Saint Lucia Registry.

Submission of incorporation documents through the registered agent.

04

Issuance of the Certificate of Incorporation.

The Registry issues the Certificate of Incorporation confirming the company’s legal existence.

05

Post-incorporation compliance.

Registration with the Inland Revenue Department, issuance of a Tax Account Number (TAN), and setup of ongoing compliance processes.

06

No physical presence in Saint Lucia is required — the entire procedure is completed remotely through a registered agent.

Required Documents

To register an IBC in Saint Lucia, the following documents are required from the client:

Copy of passport of each director and shareholder

Proof of residential address (utility bill or bank statement, not older than 3 months)

Description of the planned business activities of the company

Proposed company name (to be checked for availability)

Prior to commencement of the registration procedure, a standard client due diligence (KYC/AML) check is conducted in accordance with applicable compliance and regulatory requirements.

Registration Timelines

Company formation in Saint Lucia takes approximately 5 working days from submission of all required documents and completion of client due diligence.

Ongoing Compliance Requirements

After incorporation, the company must maintain the following annual obligations: renewal of company registration (government fee included in COREDO’s annual maintenance), annual return to the Saint Lucia Registry (containing information on shareholders, directors and beneficial owner), Economic Substance Return, and compliance with CRS/FATCA reporting obligations as applicable.

Cost of Services

The cost of COREDO’s company formation package in Saint Lucia is from EUR 5,870 + VAT. The package includes: full set of registered company documents (Certificate of Incorporation, Memorandum and Articles of Association, share certificates), registered agent services for the first year, and registered address services for the first year.

Additional services: accounting services — from EUR 479/month (billed annually), mail and call forwarding service — EUR 335/month (billed annually), corporate bank account opening (EU physical bank) — EUR 6,000.

Tax System of Saint Lucia

Saint Lucia offers an exceptionally attractive tax regime for international business companies. IBCs that do not conduct business within Saint Lucia are subject to 0% corporate income tax on foreign-source income, 0% tax on dividends, 0% capital gains tax, and 0% VAT. There is no withholding tax on distributions to non-resident shareholders.

Saint Lucia has never appeared on any international financial watchdog’s blacklist and maintains robust AML/CFT legislation in compliance with international standards.

Our Experts

The COREDO team has been operating since 2016 and possesses deep expertise in company formation across various jurisdictions worldwide.

Nikita Veremeev

Founder & NED of COREDO. Founded the company in 2016 and personally oversees the strategic development of the business across dozens of jurisdictions.

Pavel Kos

Head of Legal. Has been with the COREDO team since June 2017, responsible for legal support of corporate projects and company registration.

Basang Ungunov

Lawyer. Has been with the COREDO team since June 2022, specialising in legal support for company registration and structuring across various jurisdictions.

Frequently Asked Questions

Is physical presence in Saint Lucia required for company formation?

No, the entire registration process is completed remotely through a registered agent. There is no requirement for directors, shareholders or beneficial owners to visit Saint Lucia at any stage.

What taxes does a Saint Lucia IBC pay?

An IBC that does not conduct business within Saint Lucia pays 0% corporate income tax on foreign-source income, 0% on dividends, 0% capital gains tax, and 0% VAT. The company is only required to file annual compliance returns.

Is there a minimum share capital requirement?

No, there is no minimum share capital requirement for an IBC in Saint Lucia. The company may issue shares of any nominal value determined in the Articles of Association.

How long does it take to incorporate a company in Saint Lucia?

Incorporation takes approximately 5 working days from submission of all required documents and completion of client due diligence.

Are the names of directors and shareholders publicly available?

No, names of shareholders, directors and officers are not publicly visible in the Saint Lucia Registry. Actual details are disclosed only to the registered agent, not to the public register.

Can a Saint Lucia IBC open a bank account in the EU?

Yes, COREDO assists with opening corporate bank accounts in EU physical banks. This is offered as an additional service. The specific bank and timeline depend on the company’s business profile and compliance documentation.

Contact Us

COREDO specialists provide full support throughout the company formation process in Saint Lucia — from document preparation and KYC compliance to incorporation, tax registration, and ongoing annual maintenance. We have been operating since 2016 and help entrepreneurs from dozens of countries build international business structures.