Franchise Opportunities in Saint Lucia
Popular franchise directions in Saint Lucia
Attractiveness of Saint Lucia for the development of franchise business
Saint Lucia is an island state in the Caribbean Sea located on the continent of North America. The country has a population of 178 844 people, including 18.54 % living in the urban area.
The largest cities such as the capital, Castries (20,000), Bisee (12,980), and Vieux Fort (4,574) are not numerous at all.
For the last several years the country has attracted quite a big number of investments; 75% of which are tourism related, 15% for health and education and 10% for other services.
Saint Lucia is the country which is improving its infrastructure as well as tourism facilities. Therefore, there are great opportunities for entrepreneurs as well as for well-known international brands to expand their franchises and businesses there.
Moreover, Saint Lucia has several benefits which make it even more attractive for foreign franchise companies, such as ease of access from North America and Europe, stable and pro-business environment i.e.ease of paying taxes, quick process for obtaining permits, short time of property registration, no foreign exchange controls and stable financial system.
Franchise business is flourishing in the country operating mostly in Food, Entertainment, Hotel, Restaurant, F&B, Fashion, and other sectors. Among the most successful representatives are Burger King, Budget Rent-a-Car, DHL Worldwide Express, Domino’s Pizza, Western Union, Harry Edwards Jewelry, Basic Blue (Levis) and others.
There are high investment business opportunities, as well as cheap franchises in Saint Lucia presented for review, the choice is yours.
Indicators of Business Market in Saint Lucia
Currency: East Caribbean dollar (XCD, $)
Education Index (2015): 0,677
Official languages: English
Per capita GDP (PPP): $15,225
Population: 0,18 mln
Total GDP (PPP): $2,689 billion
Ease of Doing Business Ranking, Rank: 93
Human Development Index (HDI): 0,729