Ministry of Commerce Articles

Articles

Opening a Business in St. Lucia

Trade Licences

All foreign individuals and companies who intend to conduct business in St. Lucia require a trade licence which is issued by the Ministry of Commerce, Industry and Consumer Affairs. A company is considered a foreign company if more than 49% of the company's shares is owned by foreign nationals. The application which is completed in triplicate is considered by the Trade Licence Advisory Board. The trade licence is an annual one which expires on December 31st in the year that it was granted. Applications for renewal must be...

Marketing vs. Advertising: What's the Difference?

You will often find that many people confuse marketing with advertising or vice versa. While both components are important they are very different. Knowing the difference and doing your market...

CARICOM Single Market and Economy

The CARICOM Single Market and Economy (CSME) is the Region's response to the evolving
international environment in areas such as trade liberalisation, globalisation, etc.
The CSME is essentially...