PROFIT BEFORE TAX
Main Business Activities
- Holding investments
Shell has been present in Saint Lucia since 2016 through investment holding companies 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 dividend 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.