The Property Buyers Guide to the Carribean

BARBADOS
Non nationals must be prior to the purchase permission from the Central Bank of Barbados
Buyers areliable for 2 % legal fees and 10 % transfer tax.

BAHAMAS
Investments over 500 000 USD gives right to the Residence.
Buyers are required to pay stamp duty and registration fee around 3 % and legal fees between 2 and 3 %.

BELIZE
Investors will need to obtain licence from the Ministry of Natural ressources for any purchase of land more than 2 000 m2 in Urban zone.
Buyers are required to pay 15 % stamp duty.

BRITISH

VIRGIN ISLANDS
Non resident Investors needs to obtain a Non belonger Land Holding licence which costs 800USD and takes one year to obtain.

CAYMAN ISLANDS
No restriction on the purchase for non resident buyers. Buyers are required to pay a 7.5 % stamp duty within 45 days of closing

COSTA RICA
Most propreties in Costa Rica are registered in a national and computer data base system located in the capital. 2.5 % stamp duty and transfer tax are due upon completion.

JAMAICA
Buyers are required to pay 2.75 % stamp duty and approximately 2 % transfer tax. Legal fees amount approximately to 4 %.

MARTINIQUE
The MArtinique is a French oberseas territory and subject to the same tax system as France itself. Transfer tax and stamp duty from 2,5 up to 3.5 % foe new build property, from 7 % to 8 % for resale property. Legal fees amount approximately to 1- 1.5 %.

PUERTO RICO
The seller is responsible to pay the notary fees 2 %, buyer is liable for registration fee 0.5 % and legal fees 1 %

St LUCIA
Investors and land buyers will need to obtain an Alien land holders licence which costs qre bqsed on the price of the property and fluctuate from 5 000 to 50 000 USD. Transfer tax and stamp duty up to 7 %.