Saint Lucia Country Report
The operational environment presents no major obstacles to foreign investment. Risks arise from natural hazards, especially hurricanes, and the island's infrastructure, which would benefit from upgrades and expansion. Companies operating in St Lucia are likely to face tax-related reputational risks if the EU, which is urging tax transparency, blacklists the country as a tax haven in 2019. To open a business, companies need five procedures and an average of 11 days, according to the World Bank 2018 Doing Business report.
There are no domestic terrorist groups with the intention or capability to conduct terrorist attacks in St Lucia. The country's relatively close relations with the United Kingdom and the United States increase the risks of the tourism sector being targeted, but such risks are low. The island is not considered a target for international terrorist organisations. Property damage risks against commercial assets are low.
St Lucia's foreign relations initiatives predominantly relate to economic development and aid. A minor territorial dispute over Bird Rock/Isla de Aves exists with Venezuela, but is likely to be resolved through diplomatic channels. St Lucia faces little in the way of external threats and there is a low interstate war risk. In July 2017, St Lucia signed maritime boundary agreements with Barbados and Saint Vincent and the Grenadines during the Caribbean Community (CARICOM) meeting held in Grenada, thereby further reducing the risk of local disputes.