We would like to take this opportunity to update you on recent developments in St. Lucia’s international financial centre. These developments are the result of the commitment of the Government to a centre that meets today’s challenges and the expectations of international clients and service providers.
New LLC Legislation:
A new limited liability companies Act is presently being drafted and is expected to be passed early next year. This Act combines the known advantages of existing successful models with provisions adapted for ease of management and responsiveness to client’s needs.
International Insurance Companies:
The first international insurance companies have been incorporated in St. Lucia. These entities are geared presently to American based clients and have been able to address a unique tax opportunity. The applications for licenses were dealt with unprecedented speed and efficiency without compromising international standards of the due diligence process.
