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St. Lucia

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List of incentives available in this location for quick easy reference below.

Incentives

Table key

  • Incentive offered
  • Incentive not offered
  • Did not submit information
Cash grants/incentivesMore [+]Less [-]

Fiscal incentives include:

  • A tax holiday up to a maximum of 15 years.
  • A waiver of import duty and consumption tax on imported plant, machinery and equipment.
  • A waiver of import duty and consumption tax on imported raw and packaging materials.
  • An export allowance – tax relief on export earnings outside of CARICOM.
  • The carry forward of losses.
  • The unrestricted repatriation of profits and capital.
  • The extent of the benefits granted is related to the contribution that the enterprise, in producing the approved product makes to the regional CARICOM economy.
Tax exemptionsMore [+]Less [-]
  • Exemption from corporate income tax.
  • A computation/depreciation allowance (the allowance shall be made for any depreciation in value resulting in wear and tear which would, but for the exemption, be claimable in that year).
  • Deduction for capital expenditure.
  • Losses may be carried forward for the purposes of set-off.
  • No withholding taxes on dividends, paid to another international business company or non-resident of St. Lucia.
  • A low tax rate on profits.
  • Benefits for enterprises engaging in highly capital intensive industries.
Property assistance / other fiscal incentiveMore [+]Less [-]
  • Import duty, stamp duty and consumption tax on inputs for the construction of new buildings and the renovation/refurbishment of existing structures.
  • Land and house tax.
  • Alien Landholding License fee.
  • Stamp duty payable by vendors and purchasers on the initial purchase of property.
  • Benefits for the enterprise engaging in highly capital intensive industry.
  • Industrial Building allowance.
  • Commercial building allowance.
  • In addition all non-nationals are required to obtain an Alien Landholding License to purchase property in St. Lucia. The license is permanent and does not require renewal.
Training and labor market assistance
Loan guarantees, cheap loans or finance
Exemptions from regulations
Target sectorsMore [+]Less [-]
  1. Tourism
  2. ICT
  3. Agro-Processing/ Manufacturing.
Sectors specific incentivesMore [+]Less [-]
  • In the tourism sector, under the Tourism Development Act, a project that is managed by or on behalf of a company is able to distribute its’ profits to shareholders or debenture holders as capital monies free from tax during the two year period following the end of the tax holiday.
  • Customs duty exemptions allow the importation into St. Lucia of building materials and articles of equipment free of customs duty and consumption tax, as specified in the permit.
  • Duty free concessions on machinery, raw materials and packaging.

Sponsorship

If you are the authorised promotions agency for St. Lucia and would like to have your location highlighted on fDi Atlas, you can contact our sales team on + 44 (0) 207 775 6667 or contact us here.