Incorporate in Saint Lucia
Establishing an international business company in St Lucia
Saint Lucia has established itself as a favorable jurisdiction for incorporating International Business Companies (IBCs), thanks to its modern legal framework, adaptability, and commitment to global tax and transparency standards. Governed by the International Business Companies Act, Saint Lucia IBCs are companies limited by shares and can be formed by a single shareholder, who may be an individual or a corporate body, regardless of residency or nationality. Similarly, only one director is required, with no restrictions on residency or citizenship, and the same person can serve as both shareholder and director.
There is no mandated minimum capital requirement, apart from issuing at least one share, which can be of any currency and may or may not have par value. IBCs may issue various share classes, each with specific rights concerning voting, dividends, liquidation proceeds, or other entitlements. This flexibility makes Saint Lucia IBCs suitable for a wide range of investment and operational structures. Governance is defined through the memorandum and articles of association, with the board of directors responsible for corporate strategy and oversight.
Saint Lucia has adopted a territorial tax system. Under this model, only income generated from within Saint Lucia is taxed at the standard rate of 30%, while foreign-sourced income—such as overseas profits, dividends, capital gains, interest, royalties, and investment income—is generally tax-exempt. Additionally, Saint Lucia’s double taxation treaties (DTAs) may offer further tax benefits, depending on residency and substance.
The foundational document package confirming the entity’s establishment and outlining its operational structure, includes:
- Certificate of Incorporation
- Memorandum of Association
- Articles of Association
- Statutory Declarations
- Incorporation Application
- Consent Letters to Act as Director / Secretary
- First Resolutions of the Directors
- Application to Subscribe Shares
- Resolutions of the Directors for the allotment of Shares, and appointment of Secretary
- Share Certificate
- Register of Directors and Officers
- Register of Shareholders
- Register of Beneficial Ownership
Learn more about companies in St Lucia:
St Lucia International Business Company (IBC) Formation Services and Government Fees – USD 2,950.00 (All included)
Note that our incorporation and annual corporate service fees are “all-included fees”, and cover all the required services to incorporate an St Lucia International Business Company, and keep it in good standing, as well as government fees and duties, and other disbursements.
- acting as the incorporator of the company
- drafting the Memorandum and Articles of Association, and submitting them with the Registrar of Companies
- settling the Registrar of Companies incorporation fees and duties.
- drafting and executing designation and acceptance of registered agent
- drafting and executing incorporation and organizational meeting minutes
- drafting and executing the first directors’ resolution for the appointment of directors, issuance and allotment of shares and other relevant corporate matters
- drafting the directors’ acceptance letter
- collecting and providing to the client the Certificate of Incorporation, and Stamped M&AA from the Registrar
- preparing share certificates
- preparing the register of directors
- preparing the register of shareholders
- providing registered agent services
- providing registered office services
- maintaining minute book and statutory records
- providing certified copies of the corporate documents
Time to form
The process of incorporating a company begins with the the reservation of the company name, and the drafting of the memorandum and articles of association, the incorporation application and the statutory declarations of the registered agent, which are required for filing with the Registrar. This initial step typically takes one business day. Once completed, the aforementioned documents are submitted to the Registrar, who will process and approve the registration within 1 to 3 business days. While the company is officially incorporated as of the approval date—at which point a Registry extract becomes available—it may take an additional 2 to 3 business days for the Registrar to release the original physical certificate of incorporation and the stamped memorandum and articles of association.
Nominee Services (Optional)
- Nominee Director – USD 1,900.00 per annum*
- Nominee Shareholder – USD 1,900.00 per annum*
*If a Notarized General Power Of Attorney to be designated as attorney-in-fact is required, there is an additional one-time fee of USD 350.00 (Optional)
Bank Account Opening Services (Optional)
We assist you in opening a bank account in Saint Lucia.
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Saint Lucia Bank Account - USD $ 300.00Saint Lucia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 10,000YesUSD, EUR, GBP, HKD, Multicurrency, CAD, CHF, AED, AUD, NZD, NOK, SEK, THB, JPY, ZARYes
Note that we can also open overseas bank accounts for Saint Lucia companies in the following offshore jurisdictions:
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Andorra Bank Account - USD $ 1,200.00Andorra Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 500,000YesUSD, EUR, CHF, CAD, AUD, SEK, NOK, NZDYesPrivate Bank with focus on wealth management. If they open a corporate account for an active company, they would need that either the account has a substantial amount on the account, or that the UBO himself opens an account for wealth management.Bank 2EUR 300,000NoEURYesMinimum Initial Deposit requirements for countries outside of the European Union is EUR 1,000,000 or equivalent.
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Antigua Bank Account - USD $ 300.00Antigua Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 10,000YesUSD, EURYesIn Euros they processes only via SEPA. In dollars at the moment only with correspondents in the US, through FEDWIRE (not ACH at the moment). Cash Secured Visa Credit Card available.Bank 2USD 5,000YesUSD, EURYesUnionPay Cards work without inconvenience in the USA.
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Armenia Bank Account - USD $ 1,200.00Armenia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 50,000YesEUR, USD, RUB, AMDYesBusiness connection to Armenia is required. The annual outgoing turnover of the client should be at least 10 mln USD per year. The annual number of outgoing transfers should be at least 60 per year. Note that the banks considers smaller companies is well on case-by-case basis, but they could charges additional fees.
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Bahamas Bank Account - USD $ 500.00Bahamas Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 1,000,000YesMulticurrencyYesBank 2USD 1,000,000NoUSDYesFamily Offices, Fund Managers and Asset Managers only.Bank 3USD 100,000YesMulticurrencyYesOnly companies registered in the Bahamas. Economic substance required.Bank 4USD 10,000,000NoMulticurrencyYesPrimary focus with physical presence in Bahamas. Business interest in the Bahamas. The company needs to have been in existence for a minimum of 3 years.Bank 5USD 1,000,000YesMulticurrencyYesRemote account opening is possible, but the bank will visit the client within first year after opening.Bank 6USD 500,000YesUSD, EURYesPrepaid debit card available.
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Belize Bank Account - USD $ 300.00Belize Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 4,000NoEUR, GBP, USDYesBank 2USD 2,000YesUSD, EUR, GBP, CAD, CHF, AUD, AED, CNY, SEK, NOKYesPrepaid Visa cards available.Bank 3USD 3,000YesMulticurrencyYes
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BVI Bank Account - USD $ 900.00BVI Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 20,000NoUSD, GBP, HKDYesBank of Asia does not onboard corporations who have a connection in US and Russia.Bank 2USD 500,000NoMulticurrencyYesVP Bank offers services to local BVI residents as well as international clients who have BVI companies, trusts or fund structures. It is primarily focused on financing, investment management, custodial and securities trading accounts. No Commercial Activity, only for asset management business.
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Cayman Islands Bank Account - USD $ 900.00Cayman Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 250,000YesUSD, EUR, GBP, CAD, AUD, JPY, SEK, CHFYesBank 2USD 25,000YesUSD, CAD, CHF, EUR, GBP, JPY, AUDYesBank 3USD 100,000YesUSD, EUR, CAD, GBP, AUD, MulticurrencyYesNCB Cayman Bank offers trading, private and investment bank accounts
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Cook Islands Bank Account - USD $ 600.00Cook Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 250,000YesUSD, EUR, GBP, CAD, NZD, AUD, SGD, HKDYesClients can have a corporate account for operational purposes only if they open an investment account as well.
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Curaçao Bank Account - USD $ 500.00Curaçao Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 100,000NoMulticurrencyYesInternet Banking only for viewing the account, not for operatingBank 2N/AYesMulticurrencyYes
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Cyprus Bank Account - USD $ 1,200.00Cyprus Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1N/AYesMulticurrencyYesSupports large Cypriot and international groups, preferably operating from Cyprus and international companies in their expansion and operations in Cyprus.
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Dominica Bank Account - USD $ 300.00Dominica Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 15,000YesUSD, EUR, GBPYesBank 2N/ANoMulticurrencyYesSWIFT transactions are carried out only through a pool account in the name of the bank.Bank 3N/ANoMulticurrencyYesBank 4N/ANoEUR, USDYesSWIFT transactions are carried out only through a pool account in the name of the bank.
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Gibraltar Bank Account - USD $ 1,200.00Gibraltar Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1N/ANoMulticurrencyYesBank 2USD 20,000YesUSD, EUR, GBPYesFor wealth management and brokerage accounts minimum relationships start from USD 250,000. Cards are dependent on jurisdictions.
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Hong Kong Bank Account - USD $ 1,400.00Hong Kong Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1HKD 100,000YesMulticurrencyNoA business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.Bank 2HKD 200,000YesHKD, USD, MulticurrencyNoA business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.
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Isle of Man Bank Account - USD $ 1,200.00Isle of Man Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1N/ANoUSD, AUD, EUR, CZK, DKK, HUF, SGD, JPY, NOK, GBP, ZAR, ILS, NZD, PLN, CHF, SEK, CAD, BGNYes
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Labuan Bank Account - USD $ 500.00Labuan Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 10,000NoUSD, JPY, SGD, EUR, GBPYesFor businesses operating offshore or non-resident companies seeking to establish corporate banking relationships in Labuan, we collaborate with a mid-size financial institution renowned for its expertise in serving international clientele. With decades of industry experience, this bank has positioned itself as a key player in supporting global businesses across a variety of sectors. This bank welcomes companies incorporated in numerous offshore jurisdictions without the stricter requirements, such as business nexus in the South Asia - East Asia regions, unlike larger institutions within Labuan. Catering to a diverse range of industries, the bank is well-versed in supporting investment and asset holding companies, as well as businesses engaged in sectors such as trade, professional services, e-commerce, among others. Whether you operate in consultancy, marketing or international trade, this bank offers tailored services to meet your corporate banking needs. Their corporate accounts are available in various major currencies, such as USD, JPY, SGD, EUR and GBP and the bank supports SWIFT transactions. Transactions will be carried out with the assistance of a dedicated personal relationship manager. In addition to traditional banking services, the bank also offers Islamic banking options, including Shariah-compliant investment products and Islamic trade financing solutions. Minimum relationships start from USD 10,000. The account opening process can be handled entirely remotely, eliminating the need for travel to Labuan. We will guide you through the preparation of the necessary KYC documentation and provide comprehensive support to ensure a seamless and efficient bank account application process. If you are interested in opening a corporate bank account in Labuan, contact us today to assess your eligibility and initiate the account opening process!Bank 2USD 250,000NoMulticurrencyYesBank 3USD 25,000NoUSD, EUR, CAD, CHF, GBP, HKD, SGD, JPY, THB, AEDYesThey focus more on Labuan incorporated entities.
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Liechtenstein Bank Account - USD $ 1,200.00Liechtenstein Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 500,000NoMulticurrencyYesEvery active NFE needs to have a substance.
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Mauritius Bank Account - USD $ 600.00Mauritius Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 50,000NoMulticurrencyYesBank 2USD 50,000YesMulticurrencyYes
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Nevis Bank Account - USD $ 300.00Nevis Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 20,000NoUSD, EUR, GBPYesBank 2USD 100,000NoUSD, EUR, GBP, CHF, AUD, CAD, AED, JPY, SGD, HKDYesBank 3USD 25,000NoMulticurrencyYesBank 4USD 10,000NoUSDYes
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Panama Bank Account - USD $ 1,200.00Panama Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 50,000YesUSD, EUR, CADYesBank 2USD 10,000YesUSD, EUR, CHF, GBP, CADYes
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Puerto Rico Bank Account - USD $ 300.00Puerto Rico Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1N/ANoMulticurrencyYesBank 2N/AYesUSD, HKD, AUD, CAD, CHF, CNY, DKK, EUR, GBP, JPY, NOK, NZD, SEK, SGD, TRL, XAF, ZARYesUnionpay Merchant service for clients.Bank 3USD 25,000NoUSDYesTheir main focus is on commercial type, trade finance.Bank 4USD 150,000NoUSDYes
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Seychelles Bank Account - USD $ 500.00Seychelles Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 25,000NoUSDYesInternet banking is in view mode only, all transactions are carried out via email or by phone.
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Singapore Bank Account - USD $ 900.00Singapore Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1SGD 100,000NoUSD, SGD, EUR, GBP, NZD, RMB, AUD, JPY, HKD, CHF, CADYesNexus in the form of client/supplier/partner/contractor in Singapore required.Bank 2USD 3,000,000NoUSD, SGDYesBank 3SGD 250,000NoMulticurrencyNoNexus in the form of client/supplier/partner/contractor in Singapore required.Bank 4USD 30,000NoUSD, SGD, AUD, CAD, HKD, NZD, GBP, EUR, JPY, CHFYesNexus in the form of client/supplier/partner/contractor in Singapore required.Bank 5SGD 250,000NoMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.
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Switzerland Bank Account - USD $ 1,200.00Switzerland Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1CHF 500,000YesEUR, GBP, CHF, CAD, AUD, JPY, SGD, PLN, HKD, NOK, SEK, ILS, MXN, DKK, TRL, NZD, AEDYesAmina Bank does not open accounts with a pure transactional business nexus.Bank 2CHF 500,000YesMulticurrencyYesBank 3CHF 3,000,000YesMulticurrencyYesDeposit must be maintained in crypto assets held through the bank's custody services. Minimum Average Balance for high risk jurisdictions should be 1-2Mio CHF.
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USA Bank Account - USD $ 1,400.00USA Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 100,000NoUSDYesmin deposit USD 100k and more AND/OR with revenues of USD 1MBank 2from 10,000 but preferred 250K-300KYesUSD, MulticurrencyYesThey tend to focus more on technology/startup companies that are focused on growing and scaling through future equity raises and subsequent debt facilities.Bank 3USD 5,000YesUSDYesDebit cards can be delivered to overseas address, however, credit card could ONLY be delivered to a USA physical address (non-PO box).Bank 4Typically USD 25,000 - USD 50,000, for high risk USD 500,000YesUSDYesAt least one US based signatory is required. Purpose to open an account in US is required.Bank 5N/A (USD 250,000 preferred)NoUSDYes
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EMI Account - USD $ 300.00EMI AccountsEMIMin DepositCardsCurrenciesRemoteEMI AccountN/ANoEUR, CAD, GBP, CHF, HKDYesCyprus EMI AccountN/AYesEURYesCyprus EMI AccountN/AYesMulticurrencyYesCyprus EMI AccountN/AYesMulticurrencyYesHong Kong EMI AccountN/AYesMulticurrencyYesHong Kong EMI AccountN/AYesMulticurrencyYesHong Kong EMI AccountN/AYesMulticurrencyYesKazakhstan EMI AccountDepending on category.NoMulticurrencyYesLithuania EMI AccountN/AYesEURYesLithuania EMI AccountN/AYesMulticurrencyYesLithuania EMI AccountN/ANoEUR, CAD, GBP, CHF, HKDYesLithuania EMI AccountN/ANoEURYesLithuania EMI AccountN/ANoEURYesLithuania EMI AccountN/AYesEURYesLithuania EMI AccountN/ANoMulticurrencyYesLithuania EMI AccountN/ANoMulticurrencyYesLithuania EMI AccountN/ANoEURYesLithuania EMI AccountN/ANoEUR, USD, GBP, SEK, JPY, HKDYesLithuania EMI AccountN/ANoEURYesLithuania EMI AccountN/AYesEURYesLuxembourg EMI AccountN/ANoMulticurrencyYesSingapore EMI AccountN/AYesSGD, USDYesSingapore EMI AccountN/ANoMulticurrencyYesSingapore EMI AccountN/AYesMulticurrencyYesUnited Kingdom EMI AccountN/AYesEUR, GBPYesUnited Kingdom EMI AccountN/ANoMulticurrencyYesUnited Kingdom EMI AccountN/ANoMulticurrencyYesUnited Kingdom EMI AccountN/AYesMulticurrencyYesUnited Kingdom EMI AccountN/ANoMulticurrencyYesUnited Kingdom EMI AccountDepending on category.NoEUR, GBPYesUnited Kingdom EMI AccountN/ANoMulticurrencyYesUnited Kingdom EMI AccountN/ANoEUR, USD, GBPYesUnited Kingdom EMI AccountN/ANoMulticurrencyYesUnited Kingdom EMI AccountN/ANoMulticurrencyYesUnited Kingdom EMI AccountN/ANoMulticurrencyYesUnited Kingdom EMI AccountN/ANoUSD, EUR, GBP, CADYesUnited Kingdom EMI AccountN/AYesMulticurrencyYesUnited Kingdom EMI AccountN/AYesMulticurrencyYes
Our bank account opening service is not just a mere introduction to the bank. We assist you in filling out the business plan forms appropriately and help you understand and provide business details, commercial information, and purpose/use of the bank account that a given bank wants to know in order to approve your account application.
Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.
St Lucia IBC Annual Corporate Services and Government Fees – USD 2,550.00 (payable every January)
- providing registered agent services for one (1) year
- providing registered office services for one (1) year
- maintaining minute book and statutory records for one (1) year
- settling Registrar of Companies annual fees and duties
- preparing and filing annual return
- preparing and filing of financial statements and tax return with the IRD (preparation based on company’s management accounts)
Other Services (Optional)
- Establishment of Trusts, and provision of Trustee Services
- Continuation of Foreign Companies
- Secretarial Services
- Accounting Services
Please, contact us for further information.