Office of Investment Coordination

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The Office of Investment Coordination (OIC) was created in 2004 and became operational in 2005.  The OIC is responsible for the formulation and initiation of interventions directed at improving and enhancing the business environment specifically, the approval and administrative processes that impact negatively on investment and firm competitiveness.

The core responsibility of the OIC is Enhancing the Business Environment, which seeks to identify and eliminate the factors which deter and/or hamper the framework within which businesses operate so as to create the enable environment that will attract private sector investment and foster firm competitiveness.  Enhancing the Business Environment operates on different levels and involves a wide range of stakeholders from both public and private sectors. Our other responsibilities include Investment Policy Formulation and Investment Facilitation and Coordination.

Our role:

• Assists management in policy formulation and implementation by providing relevant data acquired through research on doing business in Saint Lucia;
• Conducts periodic assessments/evaluations of the business facilitation environment to ensure compliance with legislation and regulations and make recommendations designed to improve efficiency;
• Represents the Department on various Committees that relate to doing business in Saint Lucia;
• Coordinates investment applications submitted through the Department;
• Liaises and collaborates with all Government agencies involved in the approval process for local and foreign investment;
• Works closely with Invest Saint Lucia in facilitating the approval process under Section 6 of the National Development Corporation Act No. 23 of 2001;
• Works closely with the relevant sections of the Department of Commerce, International Trade, Investment, Enterprise Development and Consumer Affairs.