HOW TO BUY

Saint Lucia real estate laws and processes are similar to those in the United Kingdom, Canada and the United States. There is a Land Registry where your deed to the property will be registered and made legally binding.

For Non Saint Lucian purchasers an Alien Landholding License is required. The application must be submitted by a local attorney and approved. This process includes a certification of character from your local police jurisdiction and fingerprints. The Alien Landholding Licence may take up to 3 months for processing and approval at a fee of approximately EC$6,500 (US$2,434.45).
The average expense or closing costs for the purchase of property in Saint Lucia is 5-7% of the sale price. This includes a 3-5% solicitor’s (attorney) fee and a 2% stamp duty.

Some purchasers have found it beneficial to hold the property as a business. This can provide several tax and privacy benefits for the property holder. The Purchaser would need to form both a Limited Liability Company(LLC) and International Business Corporation (IBC) in order to do this. The LLC owns the property and the IBC owns the LLC. In Saint Lucia an IBC is not allowed to own property directly. When the purchaser wishes to sell the property he simply sells the shares of the IBC to the new purchaser. Local solicitors can give additional information and assistance with this process.

The properties in Jade Mountain Estates are not subject to any rental programme. It is the choice of each individual owner to determine whether to lease their property. In the event an owner chooses to do so the Troubetzkoy Team is available to handle all aspects, arrangements and management.