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Buying Real Estate in St. Lucia: Foreigners wishing to purchase land in St Lucia must first acquire an Alien's Landholding License.
- A local lawyer must register the licence. This is a permanent licence and does not require renewal.
- The licence is granted for a specific property or plot of land and is not transferable.
- There is a non-refundable licence application fee of EC$1,500.00.
- The license fee is EC$5,000.00 for property less than one acre.
- There is a future tax liability of 10% of the cost of the property or plot of land, when eventually sold. Note that the payment of the 10% tax can be avoided by making the purchase through a company, which can be formed at the time of purchase. Company formation takes approximately 6 weeks and costs EC$3,200.00.
- License applications take 6 to 8 weeks to process and are normally done during the early part of the property purchasing process.
- Additional charges: Lawyer's fees are about 3 – 5% of the price of the building plus 2% stamp duty.
- All property owners are liable to pay property tax annually. The amount is determined by the rental value of the property. There are no property taxes on undeveloped land. All non-nationals have two years to build after purchasing land in St. Lucia
Any local real estate company can help you find the property of your dreams and will assist you through the legal purchasing process.
St. Lucia Real Estate Agencies
There are a number of well qualified real estate agents in St. Lucia. The following is a partial list:
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