ST. Lucia
St. Lucia is a
tropical Caribbean island located 1300 miles south of Florida
and 100 miles to the northwest of Barbados. The main currency
is the Eastern Caribbean Dollar (EC). The native language
is English. St. Lucia is an independent member of the British
Commonwealth, with a tradition of separation of powers between
the judicial system and the political directorate. St. Lucia
has a history of being a stable and safe democracy. Below
is some of the characteristics for an International Business
Company ("IBC"):
Business
Legislation
The IBC Act is a modern flexible piece of legislation that
offers some of the best advantages available in the industry.
It is based on other known regional models and has been
modified to ensure effective regulation. The Act provides
for confidentiality of shareholders, directors and officers;
only the Memorandum and Articles of Association, the Registered
Agent and Registered Office are matters of public record.
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Banking
and Professional Services
A full range of legal, accounting, management and trust
company services are available. Some of the international
financial institutions are represented include: Barclays
Bank Plc, Royal Band of Canada, Bank of Nova Scotia and
the Canadian Imperial Bank of Commerce.
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Taxation
No taxes for nonresident companies. An International Business
Companies can elect to pay no tax or 1% of profits.
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Shareholders
A minimum of one shareholder
is required and either registered or bearer shares may be
issued. There is no disclosure of shareholders. Shareholders
meetings are required when directors determine it is necessary.
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Directors
There are no minimum of directors required and a
resident director is not required. Bearer shares are not
allowed. Directors meetings are only required when directors
determine it necessary.
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Reporting
Requirements
Annual Returns are not required.
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Name
Restrictions
Sensitive words such as "Banking", "Insurance"
and "Fund" will not be allowed without relevant
license.
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Local
Requirements
All
companies must have a registered office and registered agent
in St. Lucia.
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Company Mobility
Asset security is provided through the ability to transfer
domiciles.
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GUARDIAN
FINANCIAL SERVICES, INC.
6621 E. Pacific Coast Highway Suite 260
Long Beach, Ca 90803
(562) 431.1140- Fax: (562)684.4634
info@guardianfinance.com
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