Many companies in Jamaica and other territories have found it convenient to register as an international business company (IBC) in St Lucia because of taxation and other benefits which exceed those in their home country.

Benefits under the Eastern Caribbean country’s IBC law previously included tax-free status, including no payment of corporate, income, or capital gains taxes. There was no requirement for a minimum authorised capital or paid up share capital and none of the shareholders and directors names are included in the public records.

 

IBC’s electing to be tax free were not required to file accounting records or financial statements. No audits were also required.

https://www.jamaicaobserver.com/business-observer/explaining-st-lucia-s-new-tax-law-for-international-business-companies_224137?profile=1056