A Saint Lucian IBC by PKF Corporate Services Ltd. Contact us Now: [email protected]

IBC's may be registered in St. Lucia under the Act by: Incorporation, Continuation, Merger or Consolidation. The following are the key features of the Act:

• All companies must have a Registered Agent and a Registered Office.
• The Act provides for confidentiality of Shareholders, Directors and Officers. Only the registered agent and the registered office are public records.
• IBC's now fall under Saint Lucia's Income Tax Act. An IBC can no longer elect to be exempt or pay 1% tax. All IBC's are subject to 30% Tax but only on its' LOCAL SOURCED INCOME (INCOME DERIVED IN SAINT LUCIA). FOREIGN OR OVERSEAS SOURCED INCOME IS EXEMPT. IBC's may be subject to stamp duties depending on the nature of some transactions.
• IBCs are required to file annual returns (Beneficial Owner(s), Shareholders and Directors) and financial statements/management accounts but only with the Registered Agent . All IBCs registered from 2019 will be required to file an annual tax return. The government registration fee is also an annual requirement.
• Great flexibility and control of the operations of the IBC. The shareholders can limit the powers of the directors through the memorandum and articles of Association, or through a unanimous shareholder agreement.
• Low annual fee: US $300.
• The incorporation and annual fee is the same whether the capital of the company is less than or greater than US $50,000. This can be done in any currency.
• There is no requirement for local directors and meetings of directors may be held anywhere, however one must take into consideration new substance legislation.
• All Registered Agents are regulated to ensure professional efficient service.
• Nominee shareholders and directors may be used.
• Allows for shares with and without par value.
• Makes provision for tax concessions for any specially qualified person working for the IBC in St. Lucia.
• The IBC is not subject to exchange control. 
• Depending on the IBC's operations, it may require more substance than others. Holding Companies require less substance. This means meeting statutory requirements may be enough to satisfy substance.