Doing business in St Lucia

PROPERTY SALES TAXES AND ADDITIONAL FEES
(STAMP DUTY):

(A) VENDORS TAX:

(1) A Vendor's tax is payable irrespective of nationality. An alien individual must pay 10% of the purchase price as vendor's tax.

(2) A St lucian being a individual or company incorporated in St Lucia irrespective of the nationality of its directors and shareholders must pay vendors tax on the purchase price as stipulated in the tax structure - 1, 2, 3 and 4 below:

1. The first $50,000.00(EC) of the purchase price is tax free
2. The next $25,000.00(EC) is taxable at a rate of 2.5%
3. The next $75,000.00(EC) is taxable at a rate of 3.5%
4. The balance is taxable at a rate of 5 %

(B) PURCHASERS TAX:

A purchaser, irrespective of nationality must pay a Purchasers tax of 2% of the purchase price

A non-St Lucian must pay an aliens landholding license tax of EC$5000.00 for the purchase of land less than 1 acre. For land more than 1 acre, the aliens tax is based on a schedule which is duly enclosed.

An alien purchaser must pay legal fees of approx. 3% of the purchase price.

You are also required to produce:

- 4 Passport size photographs
- A Curriculum Vitae
- 2 Bankers references
- A Police Certificate of Good Character from your Country of Origin
- A Set of Your Fingerprints

Alien Licensing Act

LICENCE FEES

License to purchase or to hold land or license for a body corporate or unincorporated to continue to hold land where the body corporate or unincorporated becomes an alien company.

Up to 1

Acre	$5,000
Over 1 Acre and up to 10 Acres	$10,000
Over 10 Acres and up to 20 Acres	$20,000
Over 20 Acres and up to 50 Acres	$30,000
Over 50 Acres and up to 100 Acres	$40,000

Over 100

Acres

$50,000

License to lease land is 2% of the aggregate rental payable in respect of the full duration of the lease.

License to hold land in trust is 5% of the value of the trust property.

Any other License is $1,500.00