A St. Lucia offshore company offers greater tax savings than a company incorporated in one’s home country. This is true even in the case of the United States which by law requires that all holdings in offshore companies of 10% or more be reported to local tax authorities. Beyond this, St. Lucia offshore companies allow for financial privacy as it is a criminal offence for the personal details of a customer to be divulged by a bank or trust officer without the express permission of the customer. Also, inquiries into the affairs of any St. Lucia offshore company can only be made when its owner has been found guilty of a criminal offence in his home country which would also be criminally liable had it been committed in St. Lucia.

An off shore company can allow for the unrestricted movement of funds across national borders via the establishment of an international financial infrastructure through a network of offshore bank accounts owned by the St. Lucia offshore company. This allows for the circumventing of any exchange control system imposed in the owner’s country of residence. A St. Lucia offshore company similar to Belize company also provides a degree of protection against harassment and lawsuits by forcing the adversary to sue in two locations, onshore and offshore. This is expensive and time consuming and may curtail the zeal of the litigant to sue. Beyond this lawsuits filed in St. Lucia have a reduced chance of success as the environment and court system are less friendly to frivolous lawsuits and harassment.

Assets invested into St. Lucia offshore companies are also afforded protection as financial information such as corporate tax returns, credit reports etcetera are not readily available in St. Lucia as they would have been in an onshore jurisdiction due to the laws of the land. Therefore the value and even the existence of the St. Lucia company is not easy to ascertain.

A fourth level of protection is provided to assets via the formation of a St. Lucia offshore company. This is due largely to the minimization of the effects risks associated with inflation, currency, political and economic risks by way of the diversification of currency, this is due to the existence of an offshore bank which allow for multi currency transactions and accounts. Besides forming companies, our services comprise dual citizenship which is increasingly becoming vital in light of unrest worldwide. St. Kitts and Nevis program for second passports accepts applications under the Sugar Investment Diversification Fund and the Citizenship-by-Investment program, also look into Dominica Citizenship program. Specialist service providers render trusted support to second citizenship applicants during and after the process.

Incorporating a St. Lucia offshore company allows the investor a high level of flexibility should he/she chooses or need to change the location of the St. Lucia Company. This is due to the fact that St. Lucia’s laws allow for the continuation in St. Lucia of any offshore company incorporated in another jurisdiction and for the migration of a St. Lucia offshore company to any other country. St. Lucia offshore companies may also choose to pay income tax on profits at a rate of 1% or be exempted all together from income tax, yet another example of the flexibility afforded St. Lucia companies.

St. Lucia offshore companies are not required to file audited accounts or annual returns with the relevant tax authorities. All St. Lucia companies are however required to keep up-to-date financial records which should reflect the company’s financial position. Only St. Lucia offshore companies choosing to pay taxes or dealing with international banking, International Insurance or mutual funds are required to have annual audits.

St. Lucia offshore companies can fall under any of the following categories: Mutual Funds, Trusts, Partnerships, Sole Proprietorships and Private Limited Companies, of which, the private limited company is the most popular amongst international investors choosing to open a St. Lucia offshore company. All St. Lucia companies require a minimum of one shareholder who may be an individual or a corporate entity. The details of the shareholder or shareholders in the St. Lucia Company are not in the public records. With all documents legalized and in order it takes only one day for the formation of a St. Lucia offshore company. Once formed a St. Lucia offshore company is required to have a registered office and agent within St. Lucia, said agent may be a corporate entity or an individual residing in St. Lucia. The agent of a St. Lucia company is subject to regulation to ensure that their service is professional and efficient.