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St. Lucia is a great place to start a brokerage business because of its low taxes, easy setup, and relaxed regulations. A Forex license in St. Lucia is perfect for new and growing businesses. With help from Alparanjo, you can easily launch your business remotely with a complete solution.

Before 2022, forex activities in St. Lucia were not regulated. Now, companies trading financial instruments must get a forex broker license. The Eastern Caribbean Central Bank (ECCB) and the Financial Services Regulatory Authority (FSRA) oversee this process. This license lets companies trade securities, currencies, commodities, and more. However, IBC companies working with contracts for differences (CFDs) outside the Eastern Caribbean don’t need a license.

Even with the new rules, setting up a business in St. Lucia is still fast and easy. To get a Forex license, you need to meet basic requirements like registering the company, appointing directors, and submitting necessary documents.

Businesses also benefit from tax breaks, less paperwork, quick approvals, and low costs.

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Types of Forex Licenses in Saint Lucia

In Saint Lucia, there is one type of license for forex brokers, called the FSRA license.
It is given to companies that do the following:

Buy and sell securities with other people.

Manage a client's portfolio, where the company can control the client’s assets.

Trade in different financial instruments like securities, currencies, commodities, and futures, either for clients or for the company itself.

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Forex License in Saint Lucia

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Advantages of Forex Licenses in Saint Lucia

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1

Tax Exemption

Offshore businesses don’t have to pay many taxes, like income taxes, which can be low or even exempt.

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2

No Residency Requirements

You don’t need to be a citizen to appoint directors or shareholders for your offshore company. This means you can choose partners from anywhere in the world.

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3

Quick Company Start-Up

Registering an offshore company with our help is quick and easy, taking just 5-7 working days. You can also save money on start-up costs, like licensing fees.

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4

Low Operating Costs

Running an offshore company is cheaper than in most other places.

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5

Data Privacy

You can keep information about shareholders and owners private, which keeps your business confidential.

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No Education Requirements

Your employees don’t need special training, giving you more options for hiring.

Requirements for obtaining a forex
broker license in Saint Lucia

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  • Register the Company: Set up a company, like an LLC or another type of business,
  • Appoint Directors: Choose at least 2 people to be directors of the company.
  • Have Shareholders: You need at least one shareholder, and companies can also be shareholders.
  • Set Up Compliance: Create and keep a good compliance system in the company.
  • Provide Documents: Give a certified copy of the shareholder's passport, bank references, resumes of the directors, and utility bills from the last three months.

Process and Timeline for obtaining
a Forex License in Saint Lucia

Step 1: Register Your Company

Before you can get a license, you must register your company in St. Lucia.
Brokers can choose from four types of companies:

  • Sole proprietorship

  • Partnership

  • Corporation (legal entity)

  • Offshore company (IBC)

An IBC has the benefit of being free from double taxation under the CARICOM Double Tax Agreement,
but it cannot operate in the local area.

Documents Needed for Registration:

  • Application form

  • Articles of association

  • Complete list of all owners and shareholders

  • Business plan

  • Certified copies of passports of beneficiaries

  • Certified copies of passports of beneficiaries

  • Bank statement

  • Proof of registered office

You do not need a license for:

  • International (IBC) companies dealing in Forex CFDs outside the Eastern Caribbean region.

You can start your operations in about two weeks without a license.

However, if your company mainly provides buy/sell services for financial instruments, you will need the FSRA license. This allows you to operate outside the Caribbean and trade various financial instruments (like securities, currencies, commodities, and futures) on behalf of clients or in your name.

Documents Needed for License:

  • Corporate documents

  • Proof of incorporation

  • Detailed business plan

  • Financial statements (including revenue forecasts)

  • Contracts with clients (including refund policy and trading rules)

To get approved, your company must meet all the standards and requirements of St. Lucia. Your application must be complete and correctly submitted.

If the FSRA finds everything in order and confirms your company’s compliance, you will receive a Forex License to legally operate in the forex business.

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Find more information about the
Forex License in Saint Lucia

Send Request

Taxes and Regulation of Forex
Companies in Saint Lucia

One of the main benefits of forex brokers in Saint Lucia is the favorable tax system. Offshore companies get special advantages, and local companies enjoy lower tax rates compared to other places.

Taxes are set by local tax laws. Here are the basic rules for forex businesses:

  • The standard corporate tax rate in Saint Lucia is 30%. If a company owes taxes, the rate goes up to 33.3%.
  • Offshore companies can be exempt from corporate taxes (0%). This allows them to benefit from the Double Taxation Agreement.
  • VAT is 12.5%, but some businesses may get special terms.
  • Registered companies don’t have to pay income, dividend, or payroll taxes (0%).
  • The annual state tax is $300.

The main laws for retail forex trading are the local business laws and the Money Services Business Review Act No. 11 of 2010, which the government updates occasionally.

The main regulators of financial activities in Saint Lucia are the ECCB (Eastern Caribbean Central Bank) and the Financial Services Regulatory Authority (FSRA), which oversees the financial sector.

Before 2022, forex brokers didn’t need a license for their activities. This hasn’t changed for brokers dealing with contracts for difference (CFDs) outside the country. These brokers don’t need a license because they aren’t controlled by the Money Services Business Act. However, if you trade currencies, securities, futures, or commodities in the forex market for yourself or clients, you must get a Forex license in Saint Lucia.

The FSRA’s main job is to regulate the financial sector, including forex activities. Its key responsibilities are:

  • Making sure companies follow the law.
  • Inspecting forex companies, including their offices and records.
  • Issuing fines for breaking the rules.
  • Suspending or canceling licenses for serious violations.
Any Questions

Frequently Asked Questions

To get a Forex license in Saint Lucia, you need to register your company, gather the needed documents,
follow the regulator's rules, and apply for the license. If your company deals with CFDs on the Forex market,
you do not need a license.
If your company works with CFDs outside the Eastern Caribbean region,
it takes about 1-2 weeks to get a Forex license in Saint Lucia.
The cost of getting a Forex license in Saint Lucia depends on your specific needs, but it is usually around $8,680.
This includes all government fees and services.
You can apply online by filling out a form and submitting it to the Saint Lucia Financial Services Authority.
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