Buying Land in SVG
Buying land in Saint Vincent and the Grenadines is simple. Foreign nationals wishing to purchase property are required to obtain an Alien Land Holding Licence. When entering into a property transaction in Saint Vincent and the Grenadines, solicitor’s services are very much needed. The solicitor will provide the Abstract of Title and prepare a Deed of Conveyance. The solicitor will also handle the application for the Alien Land Holding License of the buyer. The Licence registration fee must be paid to the solicitor, while the registration cost of the Deed of Conveyance (transfer tax) must be paid directly to the Government. A deposit of 10% is required as security to take the property off the market after which the solicitor will also take care of the application for required permanent residency (should you wish to live there all year round). The whole process of buying takes about 6 to 10 weeks.
Buying land in Saint Vincent and the Grenadines is simple. Foreign nationals wishing to purchase property are required to obtain an Alien Land Holding Licence. When entering into a property transaction in Saint Vincent and the Grenadines, solicitor’s services are very much needed. The solicitor will provide the Abstract of Title and prepare a Deed of Conveyance. The solicitor will also handle the application for the Alien Land Holding License of the buyer. The Licence registration fee must be paid to the solicitor, while the registration cost of the Deed of Conveyance (transfer tax) must be paid directly to the Government. A deposit of 10% is required as security to take the property off the market after which the solicitor will also take care of the application for required permanent residency (should you wish to live there all year round). The whole process of buying takes about 6 to 10 weeks.
The table below shows the cost breakdown of a typical land/property purchase.