Business

Investment Incentives in St Lucia

The Government of Saint Lucia provides incentives to encourage investment in approved products/sectors by providing c such as relief from custom duties on the importation of raw materials, plant, machinery and equipment to be utilised in the business activity and may also grant tax holidays. There is also unrestricted repatriation of profits and carry forward of losses for up to two years. Fiscal...

Procedure for Applying for a work permit in Saint Lucia

Under the Foreign National and Commonwealth Citizens (Employment) Regulation, anyone outside of the Organisation of Eastern Caribbean States (OECS) wanting to conduct business or be gainfully employed in Saint Lucia must apply for a work permit. Applications can be obtained from the Labour Department of the Ministry of Education, Human Resource Development and Labour. Procedure for Applying for a work...

Procedure for Obtaining a Trade License in St Lucia

All non CARICOM individuals and companies, intending to conduct business in Saint Lucia, and own more than 49% of the company’s shares, are required to have a Trade License. The Ministry of Commerce, Business Development, Investment and Consumer Affairs issues Trade Licenses. The procedure for obtaining a Trade License is as follows:- 1. Three copies of the Trade License Application Form can be...

How to Register for Social Security NIC in St Lucia

The National Insurance Corporation is similar to Social Security in the United States. Every employer and his employees must be registered with the NIC office. Contributions to the NIC total ten percent (10%) of wages, five percent (5%) to be paid by the employee and 5% by the employer. In the event of absence from work due to illness, maternity and accident, the NIC pays sixty (65%) of the employee’s...

How to Obtain a Tax Payer Id Number in St Lucia

Obtain a Tax Payer Identification Number • A Tax Payer Identification Number is obtained and a registration form must be completed and submitted to the Inland Revenue Department. • The completed registration form must be signed by a director and the company secretary. It must accompany the certificate of incorporation with a list of employees, their National Insurance numbers and dates of employment...

Procedure for a foreign company to establish in St Lucia

An external (foreign) company seeking to establish in Saint Lucia must: 1. Obtain approval for the name of business –Request for Name Search • Business name search must be submitted to be approved by the Registrar. • On approval, the Application for Registration and Statutory Declaration must be submitted to the Registrar, along with the approved Name Search form. An EC $2.50 stamp is required for...

Compare listings

Compare