Purchasing

Below, you find the guidelines to purchasing property in St. Lucia. Vivaldi and partners have detailed knowledge and will assist you after your purchase.

 

LOCAL PURCHASER

 

         1. Agreement for Sale – documents required for its preparation:

 

                  - Deed of Sale
                  - Land Register

                  - Map Sheet
                  - Survey Plan

 

 

          2. Deed of Sale – transfer of property from vendor to purchaser

 

              In addition to the above documents the vendor is required to provide the following:

 

                  - Letters from the Inland Revenue Department for Income Tax and House and Land Tax
                  - Letter from the NIC Department

 

 

          3. Costs

 

              a) Government fees

 

                  - Filing Caution against the property to be purchased based on Agreement for Sale - $20.00

                  - Stamp Duty on Deed of Sale – 2% of purchase price + $60.00 for copies and registration

 

 

              b) Legal fees

 

                  - Agreement for Sale if prepared and finalized by Attorney-at-Law

 

                                    1st $50,000          -             2.5%      }

                                    Next $100,000     -             1.5%      }  

                                    Next $850,000     -             1.0%      }           Total divided by 2.

                                    Over 1,000,000    -             0.5%      }

 

                   - Deed of Sale

 

                                    1st $50,000           -              2.5%    

                                    Next $100,000      -             1.5%    

                                    Next $850,000      -             1.0%      

                                    Over 1,000,000     -             0.5%

 

                                                  plus $100.00

 

 

 

NON-ST. LUCIAN PURCHASER

 

          1. Agreement for Sale – documents required for its preparation:

 

                     - Deed of Sale

                     - Land Register

                     - Map Sheet
                     - Survey Plan

 

 

          2. Aliens Landholding Licence (ALL) – documents required are:

 

                    - 4 Passport size photographs (one must be certified a true likeness of the individual)

                    - Police Certificate of Good Character

                    - Finger Print from Police Department

                    - Photocopy of relevant pages of Passport (certified)

                    - Reference from Bankers (with English translation)

                    - Reference from Employers (with English translation)

                    - Forms i.e. Questionnaire, Statutory Declarations, Income Tax Registration Form to be

                      provided by Attorney-at-Law

 

                  Important: Time period for obtaining ALL – approximately 3 months from submission of

                                       application.

 

 

          3. Deed of Sale - transfer of property from vendor to purchaser after ALL is obtained and

                                          registered

 

               In addition to the above documents the vendor is required to provide the following:

 

                  - Letters from the Inland Revenue Department for Income Tax and House and Land Tax

                  - Letter from the NIC Department

 

 

          4. Costs

 

              a) Government fees

 

                   - Filing Caution against the property to be purchased based on Agreement for Sale -                                   $20.00

                   - Alien Landholding Licence 

                           - Application fee – $1,500.00 non refundable

                           - ALL fee - $5,000.00 up to 1 acre

 

                                      $10,000.00 over 1 acre and up to 20 acres

                                      $30,000.00 over 20 acres and up to 50 acres

                                      $40,000.00 over 50 acres and up to 100 acres

                                      $50,000.00 over 100 acres

 

                    - Stamp Duty on Deed of Sale – 2% of purchase price

                    - Copies and Registration of Deed of Sale and ALL - $120.00

 

              b) Legal fees – 3 – 5% of the purchase price

 

 

Power of Attorney

 

If purchaser will not be in St. Lucia for the closing then the purchaser would be required to give Power of Attorney at a cost of $500.00.

 

All figures quoted above are in EC$.