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Saint Vincent Grenadines real estate agents

Advice Buying Properties For Sale Saint Vincent Grenadines Real Estate Property Buyers Guide



You have found a property you wish to purchase in Saint Vincent Grenadines what next?

Saint Vincent Grenadines propertyBuying Property in Saint Vincent Grenadines - Costs of Purchasing Property

Saint Vincent Grenadines Property Buyer's Guide explains the legal fees, legal procedures, real estate purchase taxes and mortgage procedure.


Obtaining Residency in St. Vincent

Many people purchasing property in St. Vincent and The Grenadines will want to know if they can enter and reside in St. Vincent and The Grenadines for as long as they wish.

The government policy is that anyone who owns a residence in St. Vincent may apply for residency and that any such application should not be unreasonably denied.

The cost for the residency is approximately EC$ 1,900.00 equal to US$709.00

Getting to St. Vincent

An international airport is planned for St. Vincent by 2011; in the meantime visitors can get to St. Vincent via international flights to Barbados, Grenada or St. Lucia and then take a connecting flight using LIAT or SVG Air to St. Vincent.

Visitors from North America will probably find the easiest route is via Puerto Rico and then by American Eagle to St. Vincent.

Bequia has its own small international airport, with direct flights via SVG Air to and from Barbados. Please note that this route, which is flown by light aircraft, is only operated when there are booked passengers.

St. Vincent Entry Requirements

All visitors to St. Vincent must have valid passport including US and Canadian nationals and a return or on-going ticket.

Immigration visas are required from nationals from the following countries: Dominican Republic, Jordan, Syria, Lebanon, The People's Republic of China, Iraq, Iran and Nigeria.

Foreigner's buying property in St. Vincent and the Grenadines are required to apply to the government for what is called an "Alien Land Holding Licence".

The Alien Landholding License is a license issued for the purchase of a specific property by a specific owner and is non-transferable.

The Alien Landholders License can only be applied for, once a deposit has been placed on a property.

To apply for this licence the foreigner needs to employ a local attorney and will be required to provide the local attorney with the following:

A police certificate

A banker's reference

The attorney then makes the application for a Alien Land Holding Licence.

Upon filing this application a fee of EC$ 2,500.00 (US$936) will need to be paid to the St. Vincent Government.

The application takes about 10 to 14 weeks to be processed by government.

In most cases the application is successful and a licence is granted.

Once granted, the licence has to be officially registered and the costs for registering the licence are as follows:-

Value of Property

Does not exceed EC$ 100,000.00

Between EC$100,000 and EC$2 million

Exceeds EC$2 million

Cost of License

EC$10,000

EC$10,000 + 5% of value in excess of EC$100,000

EC$105,000 + 3% of value in excess of EC$2 million

The foreigner is then free to purchase the property and the local attorney prepare a deed of conveyance.

The costs for registering the deed of conveyance is 10%, with the costs split equally between the buyer and the seller and payment made directly to the government.

The standard exchange rate for the EC Dollar is EC$2.68 = US$1.00.

This rate is fixed to the US Dollar, but may occasionally vary by up to one







For Sale

Layou Caribbean
Buccament Bay
Villa

Villa Buccament Bay

€100,000,000

For Sale

Layou Caribbean
Buccament Bay
Villa

Villa Buccament Bay

€100,000,000

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These guidelines are meant for guidance only and describe straightforward purchase scenarios. However this information is not meant to replace proper legal advice, which we always insist you take.



Saint Vincent Grenadines Real Estate

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