Revised Laws of Saint Lucia (2021)

Schedule 2

(Section 35)

APPLICATION FOR DECLARATION OF A HIGHER EDUCATION PRODUCT AND HIGHER EDUCATION DEVELOPMENT AREA AND FOR THE GRANT OF TAX RELIEFS AND EXEMPTIONS

A.     IDENTIFICATION
     1.     Name of Applicant/Licensee
     2.     Nature of Applicant/Licensee (body corporate or unincorporated body)
     3.     Address of applicant/Licensee (if body corporate, address of registered office)
B.     INCENTIVES SOUGHT
     1.     Relief sought on property tax, vendor's tax, or alien landholding licence
     2.     Income tax holiday
     3.     Customs duty exemptions
     4.     Stamp duty
C.     DETAILS OF PROJECT OR UNDERTAKING
     Please provide background/rationale for incentives sought. Indicate previous application(s) for concessions if applicable. The following should be considered:
     –     Details of facilities and amenities on offer
     –     Profile of Applicant/Licensee
     –     Anticipated implementation of the Offshore Higher Education Institution
D.     PLANNING APPROVAL OF AN OFFSHORE HIGHER EDUCATION INSTITUTION
     (incentives are subject to DCA approval of the accommodation project)
     Has the project received approval from the Development Control Authority?
     (i)     DCA approval in principle
     (ii)     DCA full approval
          Approval No.     
     (iii)     DCA Application submitted/pending
E.     FINANCING
     (i)     Estimated Cost of Project
     (ii)     Source(s) of Financing
F.     PROJECTED ECONOMIC BENEFITS
     Indicate, where applicable, the economic and social benefits of the proposed activity to Saint Lucia to include but not be limited to employment during the construction and operational phase.
G.     SIGNATURE AND CONTACT INFORMATION
     (i)     Name of Applicant/Licensee
     (ii)     Signature of Applicant    Date:       (dd)       (mm)       (yr)
     (iii)     On behalf of (if applicable)
     (iv)     Address of Applicant/Licensee
     (v)     Telephone Number
     (vi)     Facsimile
     (vii)     Email Address
     The application must be accompanied by the following supporting information —
     (i)     evidence of approved licence/ownership of the Offshore Higher Education Institution;
     (ii)     evidence of ownership/lease of the land/building(s) to be used for the Higher Education Product;
     (iii)     in the case of leaseholds, evidence of a valid leasehold for the land to be used for the Higher Education Product, for a period of no less than 50 years;
     (iv)     evidence of planning approval in principle for the Higher Education Product;
     (v)     estimated expenditure on the Higher Education Product and evidence of the financial arrangements and the source of the funds to be used;
     (vi)     a project feasibility study forecasting economic benefits to Saint Lucia.
Applications should be submitted to:
The Minister responsible for Finance
Ministry of Finance
3rd and 4th Floor
Financial Centre
Bridge Street
CASTRIES