Saint Lucia offers its clients many advantages when opening IBCs. As a jurisdiction that promotes offshore activities, St. Lucia lets entrepreneurs choose whether they pay a 1% tax or are exempted from taxes altogether. St. Lucia takes pride in the top professionalism and stability of its financial services market, as well as in its good reputation.
Saint Lucia is a sovereign island state in the eastern part of the Caribbean Sea on the boundary with the Atlantic Ocean. Part of the Lesser Antilles, it borders on St. Vincent, Barbados and Martinique. Its capital and major financial centre is Castries.
It covers a land area of 238.23 sq. mi. Most of the country is within the so-called hurricane evacuation zone. When compared to other states of the region, St. Lucia is moderately populated, with approximately 180 000 people. Its legislation combines elements of European civil law and Anglo-Saxon common law. Its official language is English, which is used in education, politics, religion, and other official and professional domains.
The financial sector in Saint Lucia has developed out of the need to diversify its economy, which has flourished largely due to the benefits of its membership in such organisations as the U.S. Caribbean Basin Initiative, Caribbean Community and Common Market (CARICOM), as well as the Organization of Eastern Caribbean States (OECS).