Real Estate
Advice on buying Real Estate Saint Vincent Grenadines Property
You have found a property you wish to purchase in Saint Vincent Grenadines what next?
Buying 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
Browse Property For Sale by Regions of Saint Vincent Grenadines:
| Buccament Bay |
Browse Property For Sale by Towns in Saint Vincent Grenadines:
| Layou Caribbean |
Browse Holiday Rentals by Regions of Saint Vincent Grenadines:
| Bequia | Palm Island |
Browse Holiday Rentals by Towns in Saint Vincent Grenadines
| Belmont | Crescent Beach | Friendship Bay | |
| Friendship Heights | Hope Estate | La Pompe | Mount Pleasant |
| Princess Margaret | Rondelei | Spring | Spring Bay |
| Spring Estate | Tradewinds Harbour |
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These guidelines are meant for guidance only and describe a straightforward purchase scenario. However this information is not meant to replace proper legal advice, which we always insist you take.
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