Starting a Business
Hello Everyone - When I moved to Belize and went to start a Business it was as easy as opening a door. So my question is, what is the process in starting a business? And how difficult is it?
Thanks |
Re: Starting a Business
It looks like nobody knows how to start a business in St.Lucia! Oh well. Guess I will just have to figure it out myself when I reach. :cool:
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Re: Starting a Business
I have run a business here, you can register as a sole trader - but to do that you have to have citizenship or you can set up a Limited company for a fee, which of course helps with liability issues. You will however have to be in partnership with a St Lucian ie 51% st lucian, 49% you. It is a fairly simple process, I did it myself but to be honest its best to go through a lawyer as they get things done quicker, I would however shop around as some are cheaper than others. Hope this helps,
Sarah |
Re: Starting a Business
Hi Sarah 1234
Thanks a lot for that info - did not know that one needed a St.Lucian as a partner. So it comes just like Cayman. In all my research I did not come across that. Do you know if there is away around that? Thanks Again Alex |
Re: Starting a Business
Originally Posted by skyline69
(Post 10438689)
Hi Sarah 1234
Thanks a lot for that info - did not know that one needed a St.Lucian as a partner. So it comes just like Cayman. In all my research I did not come across that. Do you know if there is away around that? Thanks Again Alex Since you are a Caricom citizen, you should consider the leads that the CSME provides in opening your own business and there is a document published by Guyana which would also apply to St Lucia as a Caricom member: http://www.minfor.gov.gy/tsite/image...e_overview.pdf Best to contact the Ministry of Home Affairs here for starters to gain further clarification from the horse's mouth. Telephone directory (blue pages) does not have a good reputation for being accurate: :fingerscrossed: [email protected] :fingerscrossed: 758 468 3614 :fingerscrossed::758 468 3600 |
Re: Starting a Business
Hi Pistolpete2
Thanks for that info it really put a smile back on my face. I was really worried about the need to have a partner. (Had a very bad experience once with a partner, and I don't want one again) I will call the Ministry of Home Affairs right after Christmas - I know what it's like in a government office right before the holidays. No work gets done! I will let you know what I find out. Thanks Again Alex :D |
Re: Starting a Business
Well I call the Ministry of Home Affairs today and found out that as a Caricom citizen. I do not need a work permit, and to start a Business I do not need a St.Lucian partner. And from what I found out, it is just about as easy as when I moved to Belize. All they require is a police report from here, a letter from my bank here and my Caricom info. Them in St.Lucia they do a name search on the business (cost around 150EC), plus they require a full description of the business.
Thanks again Pistolpete2 for the phone number. If you have any more info, that would be helpful, I would really appreciate it. Alex:cool: |
Re: Starting a Business
Originally Posted by skyline69
(Post 10472453)
Well I call the Ministry of Home Affairs today and found out that as a Caricom citizen. I do not need a work permit, and to start a Business I do not need a St.Lucian partner. And from what I found out, it is just about as easy as when I moved to Belize. All they require is a police report from here, a letter from my bank here and my Caricom info. Them in St.Lucia they do a name search on the business (cost around 150EC), plus they require a full description of the business.
Thanks again Pistolpete2 for the phone number. If you have any more info, that would be helpful, I would really appreciate it. Alex:cool: |
Re: Starting a Business
Originally Posted by skyline69
(Post 10472453)
Well I call the Ministry of Home Affairs today and found out that as a Caricom citizen. I do not need a work permit, and to start a Business I do not need a St.Lucian partner. And from what I found out, it is just about as easy as when I moved to Belize. All they require is a police report from here, a letter from my bank here and my Caricom info. Them in St.Lucia they do a name search on the business (cost around 150EC), plus they require a full description of the business.
Thanks again Pistolpete2 for the phone number. If you have any more info, that would be helpful, I would really appreciate it. Alex:cool: This should be a very worthwhile initial guide for ALL Caricom citizens considering business here. The name search bit is standard anywhere as they don't want a name conflict (too close to something else) and, as you know, there are restrictions on such grandiose business names as ROYAL and NATIONAL etc. etc. When you get here you need to make some good legit business contacts - even talk to your doctor*/lawyer as he/she is typically a player - as this will ALWAYS stand you in good stead in close-knit, sometimes incestuous, business communities. *You will need to see a doctor to get a clean bill of health for your driver's licence. |
Re: Starting a Business
Originally Posted by Pistolpete2
(Post 10473207)
Great Stuff!
This should be a very worthwhile initial guide for ALL Caricom citizens considering business here. The name search bit is standard anywhere as they don't want a name conflict (too close to something else) and, as you know, there are restrictions on such grandiose business names as ROYAL and NATIONAL etc. etc. When you get here you need to make some good legit business contacts - even talk to your doctor*/lawyer as he/she is typically a player - as this will ALWAYS stand you in good stead in close-knit, sometimes incestuous, business communities. *You will need to see a doctor to get a clean bill of health for your driver's licence. You will need to see a doctor to get a clean bill of health for your driver's license - what, are they afraid that I will have a stroke while driving in St.Lucia (are the drivers there that bad) LOL |
Re: Starting a Business
Originally Posted by skyline69
(Post 10474156)
Thanks TheArmChairDetective and Pistolpete2
You will need to see a doctor to get a clean bill of health for your driver's license - what, are they afraid that I will have a stroke while driving in St.Lucia (are the drivers there that bad) LOL But No, the driving is not bad at all in my experience and most certainly better than in Bermuda and there are far more heavy vehicles and 40ft container trucks on the road here. It used to be that you had to furnish the authorities at the airport with clearance that you were up to date on your taxes before you could leave the country so consider life easy these days. |
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