Located in the Eastern Caribbean, Saint Lucia benefits from being relatively close to the territory and near-shore markets of South America, North America, and the CARICOM member states. Additionally, it is only an 8-hour flight away from Europe. With a record score of 70% in the 2016 Economic Freedom Index, Saint Lucia has established itself as possibly the most liberal economy in the Caribbean. According to the 2015 Freedom House assessment, which also included affirmed guarantees for the freedom of speech, assembly, and association, the island is regarded as “free” politically. Saint Lucia boasts a stable water supply with considerable flexibility, consistent power, and an effective media communications infrastructure. Additionally, Saint Lucia’s interrelated basic components provide a constant structure to multiple venture openings, with current air and ocean port offices.
Highlights of the broadcast communications network include:
Two flexible providers of administrations
Effective internet access (fiber optics, DIA, and distant institutions)
networks for GSM, 3G, and 4G
EDGE and GPRS capabilities
MPLS and Metro Ethernet administrators
IPLC stands for International Private Leased Circuits.
VPNs, or virtual private networks
Dynamic efforts are also being made to achieve a 35% ecologically friendly electricity (wind, solar, geothermal, and waste-to-energy) arrangement by 2020.
Long-term, Saint Lucia has drawn in a variety of regional and international brands across the various financial sectors. The business environment is well-prepared for the security of speculations because of their continued evolution and redevelopment as well as the existence of a Commercial Court. The workforce in Saint Lucia is vibrant, dynamic, and fluent in English, making them easily equipped to satisfy the demands of enterprises. This is maintained by an additional 300,000 OECS labor force that is free to migrate within the OECS region due to the Organization of Eastern Caribbean States (OECS) Economic Union policies. Similar focus areas include starting a business, market access, incentives, transportation infrastructure, and personal fulfillment in Saint Lucia. A wealth of biovariety-related resources are available in Saint Lucia, and they are used in a diverse of ways, with a particular focus on traditional and natural medicines. The Saint Lucian government recognizes the importance of its native plant and animal species to the improvement of human, social, and financial affairs. As a result, it promotes initiatives related to the advancement of homeopathic remedies and nutraceutical products. FDI MAGAZINE regarded Saint Lucia as one of the Caribbean and Central America’s most lucrative venture areas in July 2015.
