St.Lucia National Development Corporation

The St. Lucia National Development Corporation (NDC) was established in 1971 to promote the economic development of St Lucia. The NDC is the island's principal development agency and the investor's link to relevant government ministries and other related organizations.

The organisation functions as an investment, trade and export promotion agency, providing a range of business oriented services to the public, including inter alia; attracting foreign investment to St Lucia, sourcing technical assistance for business sized enterprises, promoting locally manufactured products through regional and international trade missions and exhibitions, identifying sites for hotel development.

The NDC develops and implements programs with a view to encouraging investment in St. Lucia by both local and foreign concerns, creating employment and developing the business sector through the provision of technical assistance.

For an investor working closely with the NDC, the process of establishing a business in St. Lucia can be completed within a 6-8 week period. St. Lucia is not highly regulated but the government places emphasis on protecting the environment and the island's natural resources. The general policy of the Government of St. Lucia is to welcome foreign direct investment. Non-residents may hold shares in a company incorporated in St. Lucia, however the investment must be appropriately funded from external sources.
The St. Lucia National Development Corporation provides the following services:

• Coordination of initial visits to St. Lucia to investigate the viability of proposed projects.
  
• Assistance with site selection, building construction, employee recruitment and training.
  
• Assistance with arranging joint venture partnerships between nationals and foreign investors.
  
• Assistance with the preparation and completion of all documents and forms including the application fiscal incentives, work permits, trade licenses, etc.
  
• We maintain cordial relationships with existing businesses. They can depend on us for continuous support

The NDC owns and manages seven (7) industrial estates, which contain factory shells ranging in size from 3,800 to 30,000 square feet. These shells are available for rent at attractive rental rates. The Corporation also liaises with private landowners on behalf of parties interested in leasing or purchasing land for development purposes.

The St. Lucia National Development Corporation will assist in the development and expansion of your business by sourcing technical assistance for enterprises from bilateral and multilateral agencies in areas such as quality control, packaging, product design etc.