Saint Lucia a Haven from Home
St. Lucia is one has one of the most prominent financial services centres in the world. It offers companies a host of offshore financial and banking services in a variety of sectors, the most popular of which is their International Business Company (IBC). A St. Lucian IBC is one of the world’s finest offshore formation vehicles, due to its simplicity, low annual fees and flexibility.
The country boasts of a modern legal and financial framework enshrined within the International Business Companies Act 1999. Although the jurisdiction is relatively new in the world of offshore financial services, its assortment of offshore products that can be used in conjunction with a St. Lucian IBC include: an offshore trust, a mutual fund company, an insurance company, and offshore bank formation opportunities. These give clients unprecedented prospects in diversifying their international offshore business portfolio.
St. Lucia’s financial system has never been blacklisted nor has it received much international attention from foreign financial regulatory agencies, escaping unnecessary scrutiny. However, it retains strong anti-laundering and anti-fraudulent policies that has kept the St. Lucian offshore banking and company formation industries both secure and reliable.
A St. Lucian IBC is popular because it offers client confidentiality and anonymity, no audit or reporting requirements, with low annual government fees and flexible corporate arrangement possibilities. While St. Lucia has a history of strategic importance, for over 150 years the English and the French fought for control of the island, it is quickly earning a name for itself in the 21st century as a leading offshore banking and financial centre.