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St. Lucia Property and St. Lucia Real Estate

St. Lucia Property

St. Lucia Property Buying Information


St. Lucia Property Information for Non Nationals


The Alien Landholders License

Anyone wishing to own property in St. Lucia, who is not a citizen of St. Lucia, needs to obtain an Alien Landholding license, which is granted to a specific owner to purchase a specific property. The license, which is permanent and not transferable, does not need renewal.

The Alien Landholders License must be prepared and submitted by a St. Lucia lawyer and requires the applicant to provide a police record from the applicants home country, a bankers reference and also a character reference.

The fees for the Alien Landholders License are listed below :-

* Upon application to the government for a license there is a non-refundable application fee of
US$1,859.00 (EC$5,000.00)

* There is also a further non-refundable fee to pay for the processing of the application, which costs
US$558.00 (EC$1,500.00)

* Registration, copies and stamp duty costs are US$56.00 (EC$150.00)

Below are the fees for the license according to the size of the land:

Up to 1 acre of land US$1,859.00 ECD $5,000.00
Over 1 acre and up to 10 acres US$3,718.00 ECD $10,000.00
Over 10 acres and up to 20 acres US$7,435.00 ECD $20,000.00
Over 20 acres and up to 50 acres US$11,153.00 ECD $30,000.00
Over 50 acres and up to 100 acres US$14,870.00 ECD $40,000.00
100 acres and over US$18,588.00 ECD $50,000.00

Please note that all sums are payable in EC Dollars. Calculations for US Dollars have been made at the exchange rate of EC$2.69 to US$1.00
 

Property Buying Process
Buying a property in St. Lucia is not difficult and much of the work for the Alien Landholders License and other matters will be handled by the estate agent with whom we work, or by the lawyer employed to convey the property.

The first step to making a purchase in St. Lucia is to view the property and make an offer. Buyers may also if they wish, make an offer without viewing the property.

Once an offer which has been accepted, the buyer will be asked to pay a deposit of between 5% and 10% of the property value, for the property to be removed from the market and held on the buyers behalf. This deposit is usually refundable, should for any reason the Alien Landholders License be refused, which is very unusual; however the deposit will be forfeited if the buyer should choose not to complete the purchase.

Please note that there is no standard buying process, it is up to each buyer to agree the process, timeframe and the amount of deposit with the seller.


St. Lucia Stamp Duty
There is a stamp duty of 2% of the purchase price of the property to register the Deed of Sale.
 

Legal Fees for Conveyancing a Property
The fee is set at 3% to 5% of the purchase price of the property.

 

Procedures for Acquiring a St. Lucia Alien's Landholding License
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 need to be submitted with the license application form:

1. Completed application form.

2. Full details of the property or land.

3. Citizenship details (photocopy of the passport) .

4. Four passport size photographs of each applicant.

5. Certification of character-report from your local police station.

6. Full set of certified fingerprints from a police station.

 

St. Lucia Building Costs
Building costs in St. Lucia are much lower than many other Caribbean countries, but slightly higher than building costs in Dominica and the Dominica Republic.

The actual cost of construction will of course vary depending on the type of building constructed, it's location, the condition of the building site (is the land steep, or flat etc) and the quality of the finishes chosen.  However taking an average property, the average cost per square foot for construction (2008) is US$100 per square foot

A small swimming pool constructed in concrete (2008) will cost upwards from US$35,000.



Antigua Property and real estate


St. Lucia Property Information for Nationals

St. Lucia Property Stamp Duty
There is a stamp duty of 2% of the purchase price of the property to register the Deed of Sale.
 

Mortgage
If a mortgage is taken, there is a government stamp duty of 1-1.2% of the purchase price of the property, to register the mortgage with the St. Lucia Government.
 

Legal Fees
The legal fees are set at 1-1.2% of the purchase price of the property for the legal work. If a loan is required, the lawyer will charge an additional 1 to 1.2%.
 

Registration, Copies and Stamps
The fees for these services are EC$150.00.

The local Buyer has to provide the following documents:

- a letter from Inland Revenue for Property Tax Clearance and Income Tax Clearance

- a letter from National Insurance for Clearance.


Contact Us
Our local representative in St. Lucia can be contacted by emailing us through our
Contact Us page.

St. Lucia Properties
Click Here to view our St. Lucia Properties


St. Lucia - The Pitons


St Lucia General Information

Background
The East Caribbean dollar (XCD) is Saint Lucia's national currency, and 1 dollar is divided into 100 cents. The exchange rate for the US dollar is fixed at EC$ 2.67 for US$1.00. The rates for other currencies fluctuate, as shown below: GBP £1.00 = EC$ 5.00 EUR €1.00 = EC$ 3.50 CAD $1.00 = EC$ 2.25

Communications
The Country area code is 1-758; The Island has payphones at your disposal, either with phone cards or with coins. Cable TV is widely accessible; Internet access is provided as well. Electricity 220 volts, 50 cycles AC (a few hotels are 110 volts, 60 cycles). Most sockets take 3 pin square plugs (UK standard) but some take 2 pin round plugs or flat American plugs, which are rarer. Adaptors are generally available at the hotels.

Customs Regulations
The duty free allowance into St. Lucia is 200 cigarettes or 250 grams of tobacco or 50 cigars, one litre of spirit or wine. Duty free shopping is available at Pointe Seraphine, La Place Carenage and at the departure lounge of Hewanorra Airport. Luxury items include Jewellery, Batiks, Giftware, Local Crafts, Liquor, Cigarettes and Cigars.

Entry Requirements
Visitors must carry valid passports, except USA and Canadian citizens who possess valid return tickets and I.D., staying for less than 6 months. Visas are not required where the visitor is a citizen of the USA or a Commonwealth country, or where there is agreement for exemption between the home country and St. Lucia.

Departure Tax
Departure Taxes for all passengers over 12 years old leaving the island by air cost EC $54 or US $22, and EC $30 or US $12 leaving by boat. Airports: Saint Lucia has two airports: The George F.L. Charles Airport in Castries (located to the northwest of the island, also called the Vigie Airport); it welcomes international flights from the Caribbean region.

International Airport
Hewanorra International Airport in Vieux Fort (southeastern tip of the island) welcomes long haul international flights from the US, and the UK and some Caribbean destinations. There is also a smaller airport at Vigie, Castries, which handles international short haul flights from various Caribbean states and allows a convenient connection with Antigua.

St. Lucia Property Tax
A property tax is just starting to be applied (February 2007) with some areas already being taxed and others still untaxed. Generally the property tax for home owners is 0.5% of the property value per annum - for example a home worth US$400,000 would incur a property tax of US$2,000 per annum.

The property tax for anyone owning a rental property is 5% of the annual assumed rental income - for example if you were to rent a property US$1,000 per month, that's US$12,000 per year, then the property tax would be US$600 per year.

Starting a Business in St. Lucia
All foreign individuals and foreign companies who intend to conduct business in St. Lucia require a trade licence which is issued by the Ministry of Commerce, Industry and Consumer Affairs. A company is considered a foreign company if more than 49% of the company's shares is owned by foreign nationals.

The application which must be completed in triplicate is considered by the Trade Licence Advisory Board. The trade licence is issued annually with all licenses expiring on December 31st in the year they are issued. Applications for renewal must be made every year. Licence fees are ECD $1,000.00 approx. US$373 for a period of one year and shall be renewed thereafter.

Transportation
Saint Lucia has many roads, and four main roads called highways, going across and along the island. Most of the roads are paved, but beware of the potholes and potential damage caused by the weather.

Ports and Harbours
Castries and Vieux Fort are the main commercial marine ports. Saint Lucia has several marinas and harbours for yachts and ferryboats from Martinique: Marigot Bay is a breathtaking bay with a small marina, this is the anchor point for some chartered boats and catamarans; Ganter's Bay is Castries' marina for yachts and sailboats; the Castries port has a recently renovated pier for the large ferryboats that come in regularly from Martinique.

Rodney Bay Marina is the largest yacht and sailboat marina of the island; it is the international host for the annual ARC (Atlantic Rally for Cruisers) rally that departs from Las Palmas in the Canary Islands in late November and arrives in Saint Lucia in early December.

Taxis and Buses
It is very easy to find a taxi on the island, and they offer a variety of services, from airport transfers to day tours around the island. Airport transfers cost US$65 from the Hewanorra International Airport to Rodney Bay, US$20 from the George F.L. Charles Airport. Day tours to the south of the island may vary according to the drivers. St. Lucia taxis, all have red license plates, with the letters TX and a 3 to 4 digit number.

Public buses in St. Lucia are generally 14-seater vans, and they all depart from Castries towards the main towns of the island. Buses running from Castries to Gros Islet drive past Rodney Bay. These buses follow the route called Route 1A, and a one-way trip Rodney Bay - Castries will cost you EC$1.75. Public buses are easily recognizable, they have a yellow sticker on the front indicating the route and they have a green license plate.


Contact Us
Our local representative in St. Lucia can be contacted by emailing us through our
Contact Us page.

St. Lucia Property
Click Here to view our St. Lucia Properties

 

St. Lucia Property and St. Lucia Real Estate


Please note that the information on this page is subject to constant change and revision and may not be fully up to date. Users are advised to verify any information that could effect their decision on buying a property, visiting this country or any other matter of importance.

St. Lucia Property and St. Lucia Real Estate


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Last Updated On 27 Apr 2017