To obtain a forex license in Saint Lucia, you need to follow the following steps:
Saint Lucia legislation provides for several forms of organizations:
Various types of companies can be registered in Saint Lucia, including:
- sole proprietorship – a simple form of business where the owner and the company are considered one person, and the owner is not legally separated from the industry;
- partnership – in this type of business, two or more people work together and share the profits and losses of the company;
- corporation – a legal entity separate from its owners (shareholders);
- offshore corporation (IBC) – a company that provides favorable tax conditions for international business operations.
Registering an international business company in Saint Lucia offers several advantages, including financial security, confidentiality, and no licensing to operate as a forex CFD broker-dealer. In addition, an IBC can access the CARICOM Double Tax Agreement, which avoids double taxation. However, an IBC cannot do business in Saint Lucia or own real estate except for its operations.
The list of documents to register a company in Santa Lucia includes:
- a completed business registration application form;
- for corporations, LLCs, offshore companies – articles of incorporation and memorandum of association, list of directors and shareholders of the company and their contributions, business plan;
- a copy of a valid passport (for each director and shareholder of the company);
- copy of a document confirming the residence address (e.g., utility bill of each director and shareholder);
- bank reference (of each director and shareholder);
- a legal certificate (of each director and shareholder);
- notice of registered office.
All documents submitted for incorporation of a company in St. Lucia must be in English or provided with an official English translation. In addition, personal documents such as passports, birth certificates, etc., must be notarized to confirm their authenticity and legality.
If you plan to conduct transactions in the buying and selling of securities, currencies, or other financial instruments in forex within or outside the Caribbean, an FSRA license is required.
To obtain a Forex license in Saint Lucia, a complete and accurate application is required, including the following documents:
A detailed business plan, which should contain information about your company, Forex services, planned client base, marketing strategies, and financial projections:
- company incorporation documents, including articles of incorporation, regulations on the management structure, and registration documents confirming the legality of your company;
- financial statements containing information on the company’s anticipated revenues and expenses;
- It has developed agreements with clients, trading rules, refund policies, and other necessary documents that regulate operations on the Forex market.
- Payments and Application Review.
To obtain a forex license in Saint Lucia, you must pay an application fee and other necessary fees as specified in the regulator’s requirements. Once the application is submitted, the Saint Lucia Financial Services Authority will thoroughly review the submitted documents and business plan to assess your company’s compliance with the standards and requirements.
You will be issued a Forex license once the FSRA approves your application and is satisfied that your company meets all the necessary standards and requirements. This license will allow your company to legally and safely conduct forex transactions in Saint Lucia.
IBC companies that deal in forex CFDs do not need a license.