Often referred to as the Helen of the West Indies, St. Lucia is among the most beautiful islands in the world. Located in the chain of islands known as the Windward Isles, our island enjoys a near perfect climate year round. But there is much more to this beauty of the Caribbean than simply great weather. At 238 square miles and a population of 165,000 people, St. Lucia truly has something for everyone. Large enough to allow you room to get away, yet small enough to be fully explored. Sophisticated enough to offer world class resorts and restaurants for every palate, yet simple enough to still have small guesthouses, and quaint rum shops. All of the modern conveniences without the headaches of modern life. Whether you are seeking a quiet beach to lie on, rainforests to explore or a towering mountain to climb, St. Lucia is the place for you.

The same is true for the island’s business climate. Whether you need an International Business Company or are into offshore banking or insurance, St. Lucia is the place for you. Mutual Funds and Trusts are also covered in our laws. In short, regardless of your offshore needs, St. Lucia has much to offer you.

A Little Bit of History

The region we know as the Caribbean takes its name from the original people, the Carib Indians. These fearsome warriors conquered the island around 800AD and controlled it undisturbed for the next eight centuries. The French, Dutch and English all established bases and attempted to colonize the island beginning around 1600. These attempts were to prove unsuccessful until around 1650 when the French West India Company bought the island. So strategic and beautiful was the island that the English disputed this claim, igniting a series of hostilities that endured for 150 years. When the dust finally settled in 1814, the island was English property. It had changed hands 14 times in between.

As was the case throughout the Caribbean, the island was well suited to growing sugarcane, a fact responsible for the island’s predominantly black population. African slaves were brought to work the plantations and when slavery was abolished in 1838 they were by far the largest demographic group. The abolition of slavery, however, marked the end of that sugar era, as it could not be profitably produced without the slaves.

The island went into a period of gradual decline until the 1880’s when laborers arrived from the Indian sub-continent to work in the agricultural industry. These workers came as indentured servants and upon completion of their term, many elected to stay, giving St. Lucia it’s second largest ethnic group. The revival of the agricultural sector halted the decline in the island’s fortunes. In the late 50s and early 60s this second sugar era came to an end and was replaced by bananas. The world demand for bananas increased throughout the twentieth century, aiding considerably the economic fortunes of the country, Referred to in those days as “green gold”, for the unripened state in which they were picked and loaded on ships of the Geest line for transport to Europe, bananas considerably aided the economic fortunes of the country for decades.

Tourism arrived in the middle of the century and gradually become the most significant economic sector. St. Lucia’s comparatively small size has made the operation of the “cheap and cheerful” all inclusive resorts impractical and increasingly the island is moving to position itself as a high end, luxury resort and vacation home destination.

International Financial Services, launched in late 1999 is the newest sector of the economy.  Still quite small the sector is home to some 5,000 offshore companies, a handful of international banks and mutual funds.  Increasingly it is being recognized as a very workable jurisdiction for captive insurance companies.  More on these topics can be found on the relevant pages of this website.

Tourism arrived in the middle of the century and gradually become the most significant economic sector. St. Lucia’s comparatively small size has made the operation of the “cheap and cheerful” all inclusive resorts impractical and increasingly the island is moving to position itself as a high end, luxury resort and vacation home destination.

International Financial Services, launched in late 1999 is the newest sector of the economy.  Still quite small the sector is home to some 5,000 offshore companies, a handful of international banks and mutual funds.  Increasingly it is being recognized as a very workable jurisdiction for captive insurance companies.  More on these topics can be found on the relevant pages of this website.