St. Lucia - Ease of doing business

New business density (new registrations per 1,000 people ages 15-64)

Definition: New businesses registered are the number of new limited liability corporations registered in the calendar year.

Source: World Bank's Entrepreneurship Survey and database (http://econ.worldbank.org/research/entrepreneurship).

See also:

Year Value
2011 3.00
2014 0.56

Delay in obtaining an electrical connection (days)

Definition: Delay in obtaining an electrical connection is the average wait, in days, experienced to obtain an electrical connection from the day an establishment applies for it to the day it receives the service.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 6.30

Power outages in firms in a typical month (number)

Definition: Power outages are the average number of power outages that establishments experience in a typical month.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 3.00

Firms experiencing electrical outages (% of firms)

Definition: Percent of firms experiencing electrical outages during the previous fiscal year.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 99.80

Time required to get electricity (days)

The value for Time required to get electricity (days) in St. Lucia was 26.00 as of 2017. As the graph below shows, over the past 8 years this indicator reached a maximum value of 26.00 in 2017 and a minimum value of 26.00 in 2009.

Definition: Time required to get electricity is the number of days to obtain a permanent electricity connection. The measure captures the median duration that the electricity utility and experts indicate is necessary in practice, rather than required by law, to complete a procedure.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

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Year Value
2009 26.00
2010 26.00
2011 26.00
2012 26.00
2013 26.00
2014 26.00
2015 26.00
2016 26.00
2017 26.00

Firms visited or required meetings with tax officials (% of firms)

Definition: Percent of firms that were visited or required to meet with tax officials.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 62.20

Firms that spend on R&D (% of firms)

Definition: Percent of firms that spend on research and development.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 9.90

Firms experiencing losses due to theft and vandalism (% of firms)

Definition: Percent of firms experiencing losses due to theft, robbery, vandalism or arson that occurred on the establishment's premises.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 6.50

Firms expected to give gifts in meetings with tax officials (% of firms)

Definition: Firms expected to give gifts in meetings with tax officials is the percentage of firms that answered positively to the question "was a gift or informal payment expected or requested during a meeting with tax officials?"

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 11.90

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in St. Lucia was 5.60 as of 2017. Its highest value over the past 12 years was 5.60 in 2017, while its lowest value was 5.60 in 2005.

Definition: Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

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Year Value
2005 5.60
2006 5.60
2007 5.60
2008 5.60
2009 5.60
2010 5.60
2011 5.60
2012 5.60
2013 5.60
2014 5.60
2015 5.60
2016 5.60
2017 5.60

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in St. Lucia was 3.30 as of 2017. Its highest value over the past 12 years was 3.30 in 2017, while its lowest value was 2.90 in 2005.

Definition: Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 2.90
2006 2.90
2007 2.90
2008 2.90
2009 2.90
2010 2.90
2011 2.90
2012 3.10
2013 3.30
2014 3.30
2015 3.30
2016 3.30
2017 3.30

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in St. Lucia was 25.80 as of 2017. Its highest value over the past 12 years was 27.20 in 2005, while its lowest value was 25.40 in 2010.

Definition: Profit tax is the amount of taxes on profits paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 27.20
2006 25.50
2007 25.50
2008 25.50
2009 25.90
2010 25.40
2011 25.90
2012 25.80
2013 25.80
2014 25.80
2015 25.80
2016 25.80
2017 25.80

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment