About Saint Lucia
Saint Lucia is an island in the Eastern Caribbean, renowned for its natural beauty, warm hospitality and iconic twin peaks – the Pitons – a UNESCO World Heritage site, situated in the town of Soufriere which is so named for the presence of a dormant drive-in volcano.
Measuring 238 square miles or 616 square kilometres with a population of approximately 173,000 people of diverse ethnic and religious backgrounds, Saint Lucia remains a premiere island destination for the tourist seeking romance, nature and soft adventure. The island has received global acclaim as a choice niche market destination, among high-end tourists in particular, and has copped the Annual World Travel Awards’ World Leading Honeymoon Destination award a total of 9 times!
With abundant natural beauty; economic, social and political stability; strategic geographic location; efficient regulatory environment and a modern and reliable infrastructure, Saint Lucia can prove an attractive and rewarding location for the discerning investor.
Saint Lucia was in 2015 identified as one of the countries outside the United States, where companies are most likely to locate to in five to ten years’ time. Site Selection Magazine, in 2015, cited ‘political and economic stability; an industrious, well-educated workforce; and quality infrastructure’ as some of the considerations for investing in Saint Lucia over other similarly endowed countries. Saint Lucia has comparative advantages in the areas of regulation; starting a business; market access; incentives; transportation; infrastructure and quality of life, and has been ranked as the second freest economy in the Caribbean based on the Economic Freedom Index of 2016.
As part of its new thrust towards a more informed and professional approach to investment attraction and given its demonstrated success in those areas, Saint Lucia, through the efforts of its Investment Promotion Agency, is focused on investments in three key sectors, namely niche tourism, special niche manufacturing and infrastructure development.