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2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

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ACT

(Acts 14 of 2014, 13 of 2017 and 24 of 2023)

Act 14 of 2014 .. in force 19 May 2014

Amended by Act 13 of 2017 .. in force 27 November 2017

Amended by Act 24 of 2023 .. in force 11 December 2023

ARRANGEMENT OF SECTIONS

PRELIMINARY

1.	Short title
2.	Interpretation

PART 1
INVEST SAINT LUCIA

3.	Establishment of Invest Saint Lucia
4.	Constitution of the Board
5.	Function of Invest Saint Lucia
6.	Powers of Invest Saint Lucia
7.	Powers of Minister
8.	General or special directions of Minister
9.	Seal of Invest Saint Lucia
10.	Duration of appointment
11.	Remuneration of members of the Board
12.	Temporary appointment
13.	Revocation
14.	Resignation
15.	Notification of appointment and termination in the Gazette
16.	Appointment of officers
17.	Procedure and meetings of the Board
18.	Disclosure by member of interest
19.	Signification of documents and decisions
20.	Appointment of Committee by the Board
21.	Power to delegate
22.	Pension scheme
23.	Validity of acts and proceedings
24.	Protection of members of the Board

PART 2
DEVELOPMENT AREAS

25.	Application to special development areas
26.	Acquisition of land in special development areas
27.	Activities of Invest Saint Lucia in special development areas
28.	Relationship to Constituency Council
29.	Transfer of completed development works and services
30.	Acquisition of shares in development companies
31.	Appointment of directors to the Board of Directors of a development company

PART 3
FINANCIAL PROVISIONS

32.	Funds and resources of Invest Saint Lucia
33.	Borrowing, guaranteeing and accommodating powers
34.	Advances from Government
35.	Guarantee of borrowings
36.	Investments
37.	Application of funds and resources of Invest Saint Lucia
38.	Decisions of Invest Saint Lucia
39.	Cash deposit and payments
40.	Power to make rules
41.	Accounts and audits
42.	Accounts to be tabled

PART 4
MISCELLANEOUS

43.	Power of Cabinet to transfer or divest property
44.	Attorney General's fiat
45.	Recovery of rent
46.	Forfeiture of lease
47.	Recovery of land illegally occupied
48.	Minutes receivable in evidence
49.	Exemption from stamp duty and other charges
50.	Exemption from income tax and import duties
51.	General penalty
52.	Regulations
53.	Repeal
Schedule

An Act to preserve and continue the National Development Corporation as Invest Saint Lucia and to facilitate, stimulate and promote investment opportunities for investors in Saint Lucia, to promote the economic development of Saint Lucia and for related matters.

Commencement [19 May 2014]

Next

2. Interpretation

PART 1 INVEST SAINT LUCIA

3. Establishment of Invest Saint Lucia

4. Constitution of the Board

5. Function of Invest Saint Lucia

6. Powers of Invest Saint Lucia

7. Powers of Minister

8. General or special directions of Minister

9. Seal of Invest Saint Lucia

10. Duration of appointment

11. Remuneration of members of the Board

12. Temporary appointment

14. Resignation

15. Notification of appointment and termination in the Gazette

16. Appointment of officers

17. Procedure and meetings of the Board

18. Disclosure by member of interest

19. Signification of documents and decisions

20. Appointment of Committee by the Board

21. Power to delegate

22. Pension scheme

23. Validity of acts and proceedings

24. Protection of members of the Board

PART 2 DEVELOPMENT AREAS

25. Application to special development areas

26. Acquisition of land in special development areas

27. Activities of Invest Saint Lucia in special development areas

28. Relationship to Constituency Council

29. Transfer of completed development works and services

30. Acquisition of shares in development companies

31. Appointment of directors to the Board of Directors of a development company

PART 3 FINANCIAL PROVISIONS

32. Funds and resources of Invest Saint Lucia

33. Borrowing, guaranteeing and accommodating powers

34. Advances from Government

35. Guarantee of borrowings

36. Investments

37. Application of funds and resources of Invest Saint Lucia

38. Decisions of Invest Saint Lucia

39. Cash deposit and payments

40. Power to make rules

41. Accounts and Audits

42. Accounts to be tabled

PART 4 MISCELLANEOUS

43. Power of Cabinet to transfer or divest property

44. Attorney General's fiat

45. Recovery of rent

46. Forfeiture of lease

47. Recovery of land illegally occupied

48. Minutes receivable in evidence

49. Exemption from stamp duty and other charges

50. Exemption from income tax and import duties

51. General penalty

52. Regulations

SUBSIDIARY LEGISLATION

Invest Saint Lucia (Administrative Complex) (Vieux-Fort) Vesting Order – Section 43(1) (Statutory Instrument 74/2014)

2. Vesting of land

Invest Saint Lucia (Pointe Seraphine) Vesting Order – Section 43(1) (Statutory Instrument 75/2014)

2. Vesting of land

Invest Saint Lucia (La Tourney - Vieux-Fort) Vesting Order – Section 43(1) (Statutory Instrument 13/2015)

2. Vesting of land

Invest Saint Lucia (La Tourney - Vieux Fort) (No. 2) Vesting Order – Section 43(1) (Statutory Instrument 119/2015)

2. Vesting of land

Invest Saint Lucia (Laborie) Vesting Order – Section 43(1) (Statutory Instrument 25/2016)

2. Vesting of land

Invest Saint Lucia (St. Urbain – Vieux-Fort) (National Monument) Vesting Order – Section 43(1) (Statutory Instrument 82/2016)

2. Vesting of land

Invest Saint Lucia (Laborie) Vesting Order – Section 26(2) (Statutory Instrument 79/2017)

2. Vesting of land

Invest Saint Lucia (Derriere Morne, Vieux-Fort) Vesting Order – Section 43(1) (Statutory Instrument 95/2017)

2. Vesting of land

Invest Saint Lucia (Pomme, Augier, Vieux-Fort) Vesting Order – Section 43(1) (Statutory Instrument 96/2017)

2. Vesting of land

Saint Lucia National Housing Corporation (La Ressource – Vieux-Fort) Vesting Order – Section 43(1) (Statutory Instrument 123/2017)

2. Vesting of land

Invest Saint Lucia (Choc, Castries) Vesting Order – Section 43(1) (Statutory Instrument 9/2018)

2. Vesting of land

Invest Saint Lucia (La Fargue, Choiseul) Vesting Order – Section 43(1) (Statutory Instrument 10/2018)

2. Vesting of land

Invest Saint Lucia (Cantonement, Vieux Fort) Vesting Order – Section 43(1) (Statutory Instrument 12/2018)

2. Vesting of land

Invest Saint Lucia (Choc, Castries) Vesting Order – Section 26(2) (Statutory Instrument 25/2018)

2. Vesting of land

Invest Saint Lucia (Sha Bou Sha) Vesting Order – Section 26(2) (Statutory Instrument 57/2018)

2. Vesting of land

Invest Saint Lucia (Beauchamp, Micoud) Vesting Order – Section 43(1) (Statutory Instrument 11/2019)

2. Vesting of land

Invest Saint Lucia (Micoud) Vesting Order – Section 26(2) (Statutory Instrument 35/2019)

2. Vesting of land

Invest Saint Lucia (Piaye-Balembouche) Vesting Order – Section 43(1) (Statutory Instrument 105/2019)

2. Vesting of land

Invest Saint Lucia (Bongalo, Laborie) Vesting Order – Section 43(1) (Statutory Instrument 109/2019)

2. Vesting of land

Invest Saint Lucia (Belevedere, Soufriere) Vesting Order – Section 26(2) (Statutory Instrument 139/2020)

2. Vesting of land

Invest Saint Lucia (La Fargue, Choiseul) Vesting Order – Section 26(2) (Statutory Instrument 86/2021)

2. Vesting of land

Invest Saint Lucia (Micoud) Vesting Order – Section 26(2) (Statutory Instrument 126/2022)

2. Vesting of land

Invest Saint Lucia (Bruceville, Vieux-Fort) Vesting Order – Section 43(1) (Statutory Instrument 125/2023)

2. Vesting of land