St. Lucia

Ease of Doing Business in

St. Lucia

This page summarizes Doing Business 2013 data for St. Lucia. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Latin America & Caribbean
Income Category Upper middle income
Population 176,000
GNI Per Capita (US$) 6,680
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
53 51 down -2

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
64.1 64.0 down 0.1
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 51 52 up 1
Dealing with Construction Permits 11 11 No change
Getting Electricity 12 16 up 4
Registering Property 117 114 up -3
Getting Credit 104 97 up -7
Protecting Investors 32 29 up -3
Paying Taxes 43 42 up -1
Trading Across Borders 109 110 up 1
Enforcing Contracts 168 167 up -1
Resolving Insolvency 61 59 up -2

Economy Profile

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2013 Rank 51 DB 2012 Rank 52 Change in Rank up1
DB 2013 DTF** (% points) 87.8 DB 2012 DTF** (% points) 87.1 Improvement in DTF** (% points) up0.7
YearNew business densityNumber of new limited liability companies
2011 0.109,405
Indicator St. Lucia Latin America & Caribbean OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
5 9 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
15 53 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
17.8 33.7 4.5

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
0.0 3.7 13.3
No. Procedure Time to Complete Associated Costs
1 Lawyer conducts name search and prepares incorporation documents 2 days XCD 2325
2 Registration with the Commercial Registry 6 days XCD 850
3 Make company seal 7 days XCD 75
* 4 Obtain tax payer identification number 1 day, simultaneous with procedure 3 no charge
* 5 Register as employer with social security institute 1 day, simultaneous with procedure 3 no charge
* Takes place simultaneously with another procedure.

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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