International Financial Services
Overview
St Lucia has developed a thriving financial services sector, which continues to grow rapidly. Today there are 6 international banks, 25 international insurance companies, 8 private mutual funds and 2 public mutual funds operating in St Lucia. These numbers are set to grow as St Lucia's reputation as a modern, sophisticated financial centre spreads around the World.
Incentives
- St. Lucia offers a wide spectrum of fiscal and other monetary incentives.
- An approved manufacturing enterprise is granted a tax holiday of up 15 years depending on the value added in St. Lucia
- Tax relief on export earnings outside CARICOM
- Duty free concessions on the import of equipment machinery, spare parts and raw materials.
Investment Opportunities
Opportunities for potential investors exist in the following areas:
- Processed Foods
- Pharmaceutical Products
- Processing of industrial and household waste
- Production of household products and light industrial tools & materials
- Production of packing materials
- Electronic Assembly
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