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Offshore
St Lucia
St Lucia requires all insurance applications to be conducted through an international business company (IBC) with a local registered agent and office. The FSRA maintains the discretion to fix solvency margins and guidelines distinguish between Class A, B, and C licenses based on risk type. IBC structures generally enjoy tax-neutral status unless they elect for a 1% tax.
Quick Facts
Jurisdiction
Offshore
Legislation
International Insurance Act
Tax Environment
No tax unless 1% election is made; special confidentiality provisions
Financial Requirements
Minimum Capital & Surplus
| Structure Type | Minimum Capital |
|---|---|
| Requirement | $50,000 - $100,000 (FSRA prescribed) |
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Regulatory Framework
International Insurance Act
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Tax Environment
No tax unless 1% election is made; special confidentiality provisions
Considering St Lucia for Your Captive?
Our consultants provide end-to-end guidance on domicile selection, feasibility, and formation. Let us help you determine if St Lucia is the right fit.