Saint Lucia

corporate Bank Account

Opening a business bank account in Saint Lucia

Saint Lucia is a small island state in America and member of the CARICOM and the Commonwealth. It is located in the Caribbean Sea, north of Saint Vincent and the Grenadines and south of the island of Martinique. The island has a population of 185,000 inhabitants.

Its official legal tender currency is the East Caribbean Dollar (XCD), which has a fixed exchange rate with the dollar at 2.7: 1.

Since the enactment of its International Business Companies Act in 1999, Saint Lucia has developed a robust financial centre, currently offering financial services such as offshore trusts, mutual funds, insurance and offshore banking.

We can help you open a business account in Saint Lucia.

We work with 2 different banks in Saint Lucia, each bank has different eligibility requirements, types of accounts available and onboarding processes.
We invite you to carefully review each banks requirements and services to better understand if their banking services meet your needs.

Bank Accounts in Saint Lucia

click the bank for more details

Bank Option 1

Account Details

Corporate
Not Required
N/A

Bank Option 2

Account Details

Corporate
Not Required
USD 5,000

Eligibility

Country Details

Saint Lucia
XCD
Castries
North America
160,922

Saint Lucia is a small island state in America member of the CARICOM and the Commonwealth. It is located in the Caribbean Sea, north of Saint Vincent and the Grenadines and south of the island of Martinique. The island has a population of 185,000 inhabitants.

Its official languages are English, although 90% of its population speak French-based Creole.

Its official legal tender currency is the East Caribbean Dollar (XCD), which has a fixed exchange rate with the dollar at 2.7: 1.

St. Lucia is an independent country but maintains the monarch of the United Kingdom as its sovereign and head of state, who in turn appoints a Governor General to perform the duties that would correspond to the monarch, which are usually merely symbolic.

The head of the Government is the Prime Minister, who is the president of the party that obtains the most votes in the legislative elections.

Traditionally, the economy of Santa Lucia was based mainly on the cultivation of bananas. Currently, Tourism is the sector that most contributes to the economy, it tends to be more important during the dry season (from January to April). Saint Lucia tends to be popular due to its tropical climate, its landscapes and its large number of beaches and resorts.

Since the enactment of its International Business Companies Act in 1999, Saint Lucia has developed a robust financial center, currently offering financial services such as offshore trusts, mutual funds, insurance, and offshore banking.

Services & Fees

Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal 'back and forth' and a smooth account opening process.

Bank Account opening requirements are subject to change at the discretion of the bank. There might be additional fees charged by the bank itself. Bank account opening is not guaranteed and is subject to the bank policies and compliance department. There might be restrictions on UBO nationalities, business activities and/or jurisdictions. A refund is available if the account is not successfully opened subject to our terms of service (20% to partly cover service and payment processing and administrative costs apply).

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