Property Purchasing and Offshore Banking in Saint Lucia – The Ideal Couple Article.
 

It is not uncommon for visitors to these shores to become so captivated by the beauty of St.Lucia and the warmth of its people that they return every year and ensure that their families and friends share the same experience. In fact, many visitors end up investing in St.Lucia and, consequently, they require hassle free, personalized financial services which cater to the unique needs of non-residents of St.Lucia. Bank of Saint Lucia International is the ideal complement for such investors.

Bank of Saint Lucia International Limited (BOSLIL) is an offshore bank dedicated to providing its clients with seamless and efficient banking and investment products in all of the world’s major currencies. BOSLIL is a wholly owned subsidiary of the East Caribbean Financial Holding Company (ECFH). ECFH, a publicly traded company listed on the Eastern Caribbean Securities Exchange (stock symbol: ECFH), is the leading financial services group of companies in St.Lucia and one of the largest in the Eastern Caribbean. BOSLIL is able to offer secure and personalized banking and investment products through superior banking expertise and relationships with some of the world's leading financial services providers.   Among the products that clients can access are multicurrency demand, money market, and term deposit accounts, a range of mutual funds, credit cards, and an international Visa debit card which will be available in the second quarter of 2005.   The Bank also offers wealth management and online trading with access to the world’s top 17 equity markets through its network of quality correspondent banks and financial partners. Bank of Saint Lucia International has the expertise and resources to assist investors in tapping into a variety of growth markets and it has become one of the first stops for international investors seeking investment opportunities in St.Lucia and the southern Caribbean region.

One of the exploding investment opportunities in St.Lucia for foreign investors is the lucrative property market. St.Lucia is currently the new frontier for high end residential, villa, and hotel developments and one need not look any further than Discovery at Marigot Bay, the Landings at Rodney Bay, Calabash Cove at Marisule, and the dream homes of Cap Estate for an insight into the quality of this market and its inevitable island wide expansion. Bank of Saint Lucia International can assist foreign property purchasers in obtaining financing and provide flexible and cost effective facilities for offshore deposits and international wire transfers. For example, a European property investor making a purchase in USD may require an interest bearing account which can hold USD, EUR, and/or GBP until the sale documents are complete or stage payments become due. The investor who is an account holder at BOSLIL, when ready to make the USD payment, can do so without having to first convert the EUR or GBP to EC dollars before converting to USD (a transaction which can be very costly depending on the amounts in question). Further advantages are that the interest earned by the investor on his/her deposit at BOSLIL is tax free, the investor has 24 hour online access to his/her account portfolio through BOSLIL’s secure online banking system, and international wire transfers can be made quickly via SWIFT wire.

Whether you require a banking partner to help in maximizing the value of your funds in a property purchase, receiving rental income, or growing your overall wealth Bank of Saint Lucia International is ready to offer you world class products with the personal service that you deserve. Please feel free to contact us for a consultation to explore your financial growth opportunities with Bank of Saint Lucia International Limited, Your Private Bank…Exceeding Standards.

Jodi Boodhoo BA, LLB, LLM
Bank of Saint Lucia International Limited

Tropical Traveler Magazine Article.
 

Bank of Saint Lucia International Limited is an international offshore private bank dedicated to providing some of the world's best financial products and services and is a wholly owned subsidiary of the East Caribbean Financial Holding Company (ECFH). ECFH, which is a publicly traded company listed on the Eastern Caribbean Securities Exchange (stock symbol: ECFH), is the premiere financial services group of companies in St.Lucia and one of the largest in the Eastern Caribbean. Bank of Saint Lucia International is able to offer efficient, secure and personalized banking and investment products through superior banking expertise and relationships with some of the world's leading financial service providers.  Among the products clients can access are multicurrency accounts, demand deposits, money market accounts, sweep accounts, term deposit accounts and credit cards.  The Bank also offers wealth management and online trading with access to the top 17 equity markets in the world through its network of quality correspondent banks. Bank of Saint Lucia International has the expertise and resources to assist investors in structuring and obtaining financing and it has become one of the first stops for international investors seeking investment opportunities in St.Lucia and the southern Caribbean region.

St. Lucia satisfies the requirements of reputable professional advisors, intermediaries and clients by providing a stable economic and political system, a strong regulatory environment, and a diverse range of international financial services. St.Lucia as an international financial services jurisdiction is promoted by a private company which effectively separates regulation from promotion and ensures strict adherence to regulatory laws and regulations. Bank of Saint Lucia International is regulated by the Financial Services Supervision Unit of St. Lucia with consolidated supervision provided by the Eastern Caribbean Central Bank. The Bank also conducts its business in accordance with the principles established by the Basle Committee on Banking Supervision. Correspondent banking relationships are shared with the safest and some of the most reputable banks in the world, namely: Rabobank (the world's only AAA rated bank), for conducting its multi-currency transactions; UBS (the world's largest private bank) which provides The Bank with world leading wealth management, investment, and finance structuring; and Saxo Bank (on Euromoney's top ten for electronic trading) through which real time online foreign exchange and securities trading is offered to customers of The Bank. The combination of a stable and secure investment environment and access to the best products and services on the market positions Bank of Saint Lucia International Limited above most other international private banks. Please feel free to contact us for a consultation to explore your financial growth opportunities with Bank of Saint Lucia International Limited, Your Private Bank…Exceeding Standards.

Jodi Boodhoo BA, LLB, LLM
Bank of Saint Lucia International Limited

Bank of Saint Lucia International Limited - A Proud Sponsor of the 2004 Atlantic Rally for Cruisers (ARC)
 

Bank of Saint Lucia International Limited is proud to be a sponsor of this grand event.