Saint Lucia

0 Employees

THIRD-PARTY REVENUES

$50,377,630

RELATED-PARTY REVENUES

$1,662,563

TOTAL REVENUES

$52,040,193

PROFIT BEFORE TAX

$71,111,793

TAX PAID

$0

TAX ACCRUED

$0

TANGIBLE ASSETS

$0

STATED CAPITAL

$469,388,335

ACCUMULATED EARNINGS

$(853,818,670)

Main Business Activities

  • Holding investments

Shell has been present in Saint Lucia since 2016 through investment it inherited as part of its acquisition of BG Group, which began business there in 2002. These entities have interests in companies doing business in Trinidad and Tobago. See Trinidad and Tobago for more information.

In 2019, we reviewed recently acquired entities, such as holding companies in Saint Lucia for Upstream and LNG operations in the Caribbean. Following this review, we consolidated the operations and simplified the holding structure. As a result, we have identified four St Lucian entities for liquidation.

Country Financial Analysis

The statutory corporate income tax rate in Saint Lucia is 30%.

Shell in Saint Lucia earns income from its investments. Saint Lucia does not tax dividends as they are paid from profits that have already been taxed in the country where the activities that generated the profits take place. Administrative activities are outsourced and there are no employees.

Holding company
The principal purpose of this type of company is to hold and manage investments in other companies or joint ventures. Holding companies differ from operating companies, for example they will need less staff but they still have commercial value as a way to manage and administer all the different investments within a group.
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Dividend
After payment of costs and taxes, a company may choose to make a dividend payment to its shareholders as a return on their investment in the company. After payments of dividends, any remaining surplus is termed ‘retained earnings’ and is available for reinvestment into the business.
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