(1) An international partnership shall not carry on —
(a) banking business;
(b) trust business;
(c) the business of insurance, reinsurance, insurance agent, insurance adjuster or insurance broker or any other kind of insurance business; or
(d) the business of registered agents.
(2) An international partnership shall not —
(a) carry on business with persons resident in the Saint Lucia;
(b) own an interest in immovable property situate in Saint Lucia other than a lease referred to in paragraph (e) of subsection (3).
(3) For the purposes of paragraph (a) of subsection (2), an international partnership shall not be treated as carrying on business with persons resident in Saint Lucia by reason only that —
(a) it transacts banking business in Saint Lucia with or through a bank licensed under the International Banks Act, Cap. 12.17 or the Banking Act, 12.01;
(b) it makes or maintains professional contact with solicitors, barristers, accountants, bookkeepers, trust companies, administration companies, investment advisers or other similar persons carrying on business within Saint Lucia;
(c) it prepares or maintains books and records within Saint Lucia;
(d) it holds, within Saint Lucia, meetings of its international partners;
(e) it holds a lease of property for use as an office from which to communicate with international partners or where books and records of the international partnership are prepared or maintained;
(f) it holds shares, debt obligations or other securities in a company incorporated under the International Business Companies Act; or the Companies Act; or
(g) any person resident in Saint Lucia or any company registered under the Companies Act or incorporated under the International Business Companies Act is one of its international partners.