Alien Landholding

SOUFRIEREPITONS

The Pitons and Soufriere from the air

Foreigners wishing to purchase land in St Lucia must first acquire an Alien’s Landholding License. Basics you should know…

  • A local solicitor (attorney) must register the license
  • The license is permanent and does not require renewal
  • The license is granted for a specific property and is not transferable
  • A non-refundable EC$1,500 license application fee is required
  • License applications take 6 to 8 weeks to process

Once approved, the cost of the Alien’s Landholding License is…

1 acre or less           EC$5,000
1 – 10 acres              EC$10,000
10 – 20 acres            EC$20,000
20 – 50 acres            EC$30,000
50 – 100 acres          EC$40,000
Over 100 acres         EC$50,000

With the assistance of the purchaser’s solicitor and real estate agent, the following must be submitted…

  • Completed Alien’s Landholding Application form
  • Details of the property to be purchased
  • Property value assessment
  • Four passport photos of applicant
  • Certificate of Character report from applicant’s local police department
  • Certified fingerprints from a local police station
  • Treasury receipt for the EC$1,500 application fee
  • Approval in principle from the Saint Lucian Development Control Authority

Additional costs…

Stamp Duty
Saint Lucian law requires a Stamp Duty of 2% of the purchase price

Solicitor’s Fees
Legal fees are generally 3% of the purchase price

Purchase Deposit
The standard deposit is 10% of the purchase price; all purchasing contracts include the following forfeiture clause for the buyer’s protection…

  • Buyer cancels – deposit is forfeited
  • Vendor cancels – 10% deposit is refunded plus buyer receives the 10% deposit forfeited by the vendor
  • If the Alien’s Landholding License is not approved, the buyer’s 10% deposit is refunded

Start-up Costs
The start-up cost for property purchase is approximately 15% of the property price, made up of, 10% deposit + 2% stamp duty + 3% solicitor fees.

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