Revised Laws of Saint Lucia (2021)

2.   Interpretation

In this Act —

“approved development” means a tourism project which is granted tax reliefs and exemptions under this Act;

“CARICOM” means the Caribbean Community established pursuant to the Treaty of Chaguaramus establishing the Caribbean Community including the CARICOM Single Market and Economy that was signed in the Bahamas on the 5^th July, 2001;

“recreational facilities” includes pools, gymnasiums, gardens, shops, bars, restaurants and any other facilities used for recreational activities within a tourism project which are available for use by guests;

“condominium” means either a building, complex or several buildings which includes individually owned flats, units or houses, with supporting recreational facilities which is available for purchase, rent or lease;

“development period” means a period of not more than 25 years approved by Cabinet under section 11;

“hotel” means a building or group of buildings used to provide services and accommodation to guests for reward containing not less than 6 bedrooms, and may also contain —

1.  

   (a)     one or more kitchens in which meals may be prepared by employees of the hotel owner or hotel operator for the guests; and

1.  

   (b)     one or more dining rooms shared in common by all the guests in which meals may be served by employees of the hotel owner or operator to such guests;

“investor” means a person other than a commercial bank, who by means of a loan or otherwise, provides funding for the construction, refurbishment or extension of an approved development;

“Minister” means the Minister responsible for tourism;

“person” includes a body corporate or unincorporated body;

“qualifying expenditure” means the total audited and certified costs incurred in designing, constructing and equipping an approved development as certified by the developer and accepted by the Ministry responsible for tourism but does not include the marketing and promotion costs prior to the commencement of the operations of the project; (Inserted by Act 12 of 2016)

“tourism project” includes —

1.  

   (a)     a proposed hotel, villa resort, condominium or luxury residential complex;

1.  

   (b)     the construction of a new hotel, villa resort, condominium or luxury residential complex;

1.  

   (c)     reconstruction or renovation of an existing hotel, villa resort, condominium or luxury residential complex; or

1.  

   (d)     an existing hotel, villa resort, condominium or luxury residential complex;

“luxury residential complex” means a development of more than 6 luxury homes guided by an overall master plan and which offers a range of recreational facilities within the development;

“villa resort” means a development which includes more than 6 dwelling units with supporting recreational facilities available for purchase, rent or lease.