Register a Company in St. Lucia
Register a company in St. Lucia in 2 days with ease, backed by our accessible services and a responsive, experienced support team.
Benefits
Register a Company in St. Lucia
No corporate taxes on international business companies (IBCs)
Quick and efficient incorporation process
No mandatory annual audits or reporting for exempt companies
Freedom to operate in any currency
100% foreign ownership allowed
St. Lucia Company Formation Packages
Basic
$1,850Annual Renewal: USD $1,600
- • Unlimited Name Availability Check: Ensure your chosen company name is unique and available.
- • Document Preparation and Filing: All necessary documentation is prepared and submitted on your behalf.
- • Expedited Incorporation Process: Company incorporation completed efficiently.
- • One Year of Secretarial Services: Comprehensive company secretarial support for one year.
- • One Year Registered Agent and Address: Provision of a local registered agent and address for one year.
- • All Government Fees Included for One Year: Covers all government-related fees for the first year.
- • Digital Corporate Documents: Receive all essential corporate documents in digital format.
This package provides all the necessary services for a foreigner to establish a new St. Lucia International Business Company (IBC) from start to finish.
Standard
$2,050Annual Renewal: USD $1,600
- • All Core Services from the Basic Package Included: This package builds on the Basic tier and includes everything needed to successfully set up your St. Lucia IBC from start to finish.
- • One Bank Account Application Included: After your company is incorporated, we assist with one full application to a supported bank.
- • OVZA’s Service Fee Fully Covered: Our bank account opening support fee is included in this package—no additional OVZA charges.
- • Bank Introduction: We introduce your company to a reputable bank we work closely with and provide hands-on guidance throughout the application process.
Premium
$2,150Annual Renewal: USD $1,600
- • Everything in the Standard and Basic Packages Included: Includes full company formation, one initial bank application, and our standard bank account support.
- • Premium Bank Support – Up to 5 Applications: We apply to up to 5 different banks on your behalf, stopping as soon as the first approval is received.
- • All OVZA Application Fees Covered (Up to 5 Banks): Our bank account opening service fees are fully covered for each application—up to five total.
- • Bank Matched to Your Industry or Needs: We’ll recommend and apply to banks that best suit your business model, region, or niche industry requirements.
- • Fast Response Time: As a Premium client, you’ll usually receive a reply from our team within 30 minutes—including during evenings and weekends.
- • Frequent Progress Updates: We keep you informed every step of the way with regular updates on your bank applications and overall progress.
Offshore Company Incorporation Process
St. Lucia KYC Requirements
In St. Lucia, all individuals and entities must submit KYC documents to complete company registration. Below, you’ll find a list of the required documents to register a company in St. Lucia.
All Directors, Shareholders, Ultimate Beneficial Owners (UBOs), and Contact Persons are required to submit the following documentation.
A notarized true copy of a valid passport, notarized within the last 3 months, provided as a scanned copy
To verify the identity of a corporation or legal entity, company formation documents must be provided along with proof of identity for all relevant members.
Register a Company in St. Lucia with OVZA
Have questions or specific needs for your offshore venture, including registering a company in St. Lucia? Reach out to us! Our team is ready to provide personalized consultations and swift responses. Leave your questions and details below, and we’ll get back to you within 1 hour.
Highly Responsive Representatives
Frequently Asked Questions
Is St. Lucia recognized as a reputable offshore jurisdiction?
Yes, St. Lucia is widely regarded as a respected and compliant jurisdiction for international business. It offers a modern legal framework under the International Business Companies Act and is fully aligned with OECD and FATF standards, making it suitable for businesses seeking privacy, flexibility, and international legitimacy.
Can a St. Lucia IBC open an international business bank account?
Yes, St. Lucia IBCs can open business bank accounts in various jurisdictions around the world. While local banking options in St. Lucia are limited for IBCs, most companies use reputable international banks or digital financial platforms that accept offshore structures registered in compliant jurisdictions like St. Lucia.
Does a St. Lucia IBC need to file annual reports or financial statements?
St. Lucia IBCs are not required to file annual financial statements or tax returns, provided they do not operate within St. Lucia or earn domestic income. However, companies must pay a small annual renewal fee and maintain proper records internally in case of due diligence requests or audits.
Are nominee directors and shareholders allowed in St. Lucia?
Yes, nominee directors and shareholders are permitted for St. Lucia IBCs. This allows for enhanced confidentiality, provided the underlying beneficial ownership details are disclosed to the registered agent for compliance purposes, in accordance with St. Lucia’s KYC/AML regulations.
Can a St. Lucia IBC be used to hold digital assets or intellectual property?
Absolutely. A St. Lucia IBC is often used to hold cryptocurrencies, software licenses, trademarks, and other forms of intellectual property. The jurisdiction’s flexibility and privacy laws make it suitable for tech entrepreneurs, investors, and digital nomads seeking efficient asset structuring.
Are St. Lucia IBCs subject to corporate taxes?
No, St. Lucia IBCs are exempt from local corporate income tax on foreign-sourced income. As long as the company does not conduct business within St. Lucia or generate domestic income, no local taxes apply on profits, capital gains, interest, or dividends.
Do St. Lucia IBCs pay withholding tax?
No, St. Lucia does not impose withholding taxes on dividends, interest, or royalties paid by an IBC to non-residents. This makes it an efficient jurisdiction for global profit distribution and holding company structures.
Is there a Value Added Tax (VAT) or sales tax for IBCs?
No VAT or sales tax is levied on the international activities of a St. Lucia IBC. The company is not required to register for VAT unless it conducts local business within St. Lucia.
Does St. Lucia have any tax treaties?
Yes, St. Lucia has signed a limited number of Double Taxation Agreements (DTAs), but they typically do not apply to IBCs. Since IBCs are exempt from local taxation on foreign income, tax treaties are generally not relevant unless the IBC earns income from treaty countries that require a certificate of residency.
Will I need to pay taxes in my home country?
Possibly. While St. Lucia does not tax foreign-sourced income, shareholders and directors must comply with the tax laws of their own countries. You should consult a tax advisor to understand your specific reporting obligations under your local laws.
What are the annual compliance requirements for a St. Lucia IBC?
St. Lucia IBCs must maintain a registered agent and registered office within the jurisdiction at all times. Additionally, they must pay an annual government renewal fee to remain in good standing. There are no annual tax filings or financial reporting obligations unless the IBC opts into local taxation.
When is the annual renewal fee due?
The renewal fee for a St. Lucia IBC is due every January. Failure to pay on time may result in penalties or the company being struck off the register. OVZA can assist with timely renewals to ensure full compliance.
Do IBCs in St. Lucia need to file financial statements?
No, St. Lucia IBCs are not required to prepare or file audited financial statements, provided they do not earn income within St. Lucia. However, companies are expected to maintain accurate internal records in case of regulatory review or due diligence.
Is there a requirement for Economic Substance in St. Lucia?
No, St. Lucia IBCs that do not conduct relevant activities (as defined by international standards) are not subject to economic substance requirements. This makes St. Lucia especially suitable for holding companies, asset protection, and IP management structures.
Can an IBC be reinstated if it is struck off?
Yes, a St. Lucia IBC that has been struck off for non-payment or non-compliance can typically be restored within a certain period, subject to the payment of outstanding fees and penalties. Restoration requires the assistance of a licensed registered agent.
Can a St. Lucia IBC open a bank account?
Yes, a St. Lucia IBC can open an international business bank account. While domestic banking options in St. Lucia are limited for offshore companies, most IBCs successfully open accounts with international banks or fintech institutions in jurisdictions that accept well-structured offshore entities.
Which banks accept St. Lucia IBCs?
Several banks and payment institutions in Europe, the Caribbean, Asia, and the Middle East accept St. Lucia IBCs—particularly when the company has a clear business purpose and proper documentation. OVZA works closely with a network of banking partners that offer multi-currency business accounts and remote onboarding options.
Can I open a bank account remotely for my St. Lucia company?
Yes, most banking partners that work with St. Lucia IBCs allow remote onboarding, meaning you can complete the entire application process without traveling. However, video verification or notarized documents may be required depending on the institution.
Are fintech and digital banking options available?
Yes, many clients choose to open accounts with regulated digital banks and payment service providers. These platforms offer IBAN accounts, debit cards, and crypto-friendly services—making them ideal for startups, e-commerce, or investment holding companies.