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If you’re not a St. Lucian citizen you’ll need an alien’s Landholding license. Here is what is required:
- A local lawyer must register the license.
- It is a permanent license which does not required renewal.
- The license is granted for a specific property or plot of land and is not transferable.
- There is a non-refundable license application fee of EC 5,000.
- Applications can take up to three months and is normally done during the early part of property purchasing process.
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The Office of the Attorney General will vet the application before it is forwarded to the Office of the Prime minister for final approval and signature.
The list below indicates what will be needed to be submitted with the license application form:
- Completed application form.
- Full details of the property or land to be purchased.
- A value assessment of the property or land.
- Statutory declaration.
- Four passport size photographs.
- Certification of character-report from your local police station on information or lack of information on file.
- Certified finger prints from a police station.
- Treasury receipt for payment of the application fee (EC$200).
- Approval in principle, from the Development Control authority (DCA) in relation to the use of the property or land.
Stamp Duty
Stamp duty on property is 2% of the purchase price.
Purchase Deposit
The normal deposit for purchase is 10% of the purchase price. To prevent gazumping, a forfeit clause is introduced into all purchasing contracts as follows:
- If the buyer pulls out the deposit is forfeited.
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Local solicitor fees range from 3% to 5% of the purchase price (we can recommend lawyers who are able to expedite the process; please contact us for details).
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You can avoid the Alien’s Landholding License by becoming a citizen of St. Lucia. If you are not resident in St. Lucia you can qualify for citizenship if you fit into one of the following categories:
- You or your parents were born in St Lucia.
- You are married to a St. Lucian citizen.
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