(1) A private party or public party may make an application for a licence to operate a free zone business to the Board in the prescribed form supported by—
(a) the prescribed application fee;
(b) a letter of compliance; and
(c) in the case of a company, a certificate of good standing.
(Substituted by Act 11 of 2018)
(1A) Where a proposed free zone business wishes to operate within a free zone area, the application to the Board must include—
(a) the type of activity;
(b) the amount and type of expenses and assets;
(c) the physical plant, premises or office space;
(d) the number of employees and the required skills and qualifications of full time employees.
(Inserted by Act 11 of 2018)
(1B) A free zone business shall utilize reasonable resources for the effective management of its business. (Inserted by Act 11 of 2018)
(2) The Board, in considering an application for approval submitted under subsection (1), shall take into consideration whether the proposed business enterprise will—
(a) conduct trade and investment activities such as a commercial office, warehousing, manufacturing, telecommunication services, or related activities; (Amended by Act 11 of 2018)
(b) not have a deleterious effect on the environment having regard to any environmental impact assessment made for the purpose; and
(c) be conducted in compliance with all applicable, legal and regulatory requirements under this Act or under any other law in force in Saint Lucia.
(3) Private and public parties shall operate only within the free zone in which they have been authorised to operate.