Revised Laws of Saint Lucia (2021)

Schedule 2

(Section 3(2))

APPLICATION FOR DECLARATION OF AN APPROVED DEVELOPMENT AND FOR THE GRANT OF TAX RELIEFS AND EXEMPTIONS

A person who wishes to operate a tourism project as an approved development shall submit an application with the following information:

A.     IDENTIFICATION

1.  

   1.     Name of Applicant

1.  

   2.     Nature of Applicant (corporate or unincorporated body)

1.  

   3.     Address of applicant (if corporate body, address of registered office)

B.     INCENTIVES SOUGHT

1.  

   1.     Relief sought on property tax, vendor's tax, or Alien Land Holding licence

1.  

   2.     Income tax holiday

1.  

   3.     Customs duty exemptions

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:

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   –     Details of facilities and amenities on offer

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   –     Profile of Applicant

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   –     Anticipated implementation of the tourism product

D.     PLANNING APPROVAL OF AN APPROVED DEVELOPMENT

     (incentives are subject to DCA approval of the accommodation project) Has the project received approval from Development Control Authority?

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   (i)     DCA approval in principle

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   (ii)     DCA full approval

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        Approval No. ..............................

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   (iii)     DCA Application submitted/pending

E.     FINANCING

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   (i)     Estimated Cost of Project

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   (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

1.  

   (i)     Name of Applicant

(ii)     Signature of Applicant     Date:   (dd)   (mm)   (yr)

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   (iii)     On behalf of (if applicable)

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   (iv)     Address of Applicant

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   (v)     Telephone No.

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   (vi)     Facsimile

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   (vii)     Email Address

     This application must be made prior to the 31^st day of March, 2024 and shall be accompanied by the following supporting information —

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   (i)     evidence of ownership of the tourism project;

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   (ii)     evidence of ownership of the land to be used for the approved development;

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   (iii)     in the case of leaseholds, evidence of a valid leasehold for the land to be used for the approved development, for a period of no less than 50 years;

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   (iv)     evidence of at least planning approval in principle for the approved development;

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   (v)     estimated expenditure on the approved development and evidence of the financial arrangements and the source of the funds to be used;

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   (vi)     a project feasibility study forecasting economic benefits to Saint Lucia.

     Applications should be submitted to:

     The Minister responsible for Tourism

     Ministry of Tourism

     Sir Stanislaus James Building

     The Waterfront

     CASTRIES

(Amended by Act 3 of 2020 and by Act 6 of 2021)

CHAPTER 15.03
TOURISM STIMULUS AND INVESTMENT ACT

SUBSIDIARY LEGISLATION

No Subsidiary Legislation