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US/CAN TOLL FREE (209) 233-6126
INTERNATIONAL (758) 452-8941
(758) 285-2001
(758) 716-2007

FREQUENTLY ASKED QUESTIONS

The following information should help you to better understand which steps you need to take in order to become a property owner or a tenant.

-First and foremost, if you do not live in St Lucia but you plan on doing so, it is important you get a feel of the neighborhoods that exist, which will ease your search process.
Click here for our area description.

-If you are looking for a place to rent, and you do not know the necessities, please click here for the tenant's fees and requirements.

-You have browsed through our pages but the legal and financial aspects are still unclear?
Click here for more information on the requirements needed to own real estate in St Lucia.

- Find out more practical information concerning real estate such as conversion rates by clicking here.

- The Buying Process Made Clear

Or select from our drop down list:

 

If this information does not answer your question, you can contact us at +1758 452 8941 (office) or +1758 285 2001 (cell phone) or you can email us at info@bluereefrealestate.com. We will happily assist you in any possible way.

 

TENANT'S FEES


The general requirements for a tenant are as follows:

-Security deposit to the amount of one month's rent.

-The deposit should be paid the day you decide on renting a property, in order to secure the property for you. One month's rent is to be paid on the day you move in. It is also always important to ask what is included in the rent, i.e. water and electricity charges, cable TV, maid service, phone, etc.

Note that every owner represented by Blue Reef Real Estate Ltd. Is bound with the tenant by a contract, which describes all the requirements in detail. These requirements are subject to change

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REAL ESTATE FEES & REQUIREMENTS


Guide to Purchasing Property/Real Estate in Saint Lucia

This guide presupposes that the intended purchaser is not a Saint Lucian National or citizen; is not a citizen or national or a company registered within the following jurisdictions: - Barbados, Dominica and St. Vincent and the Grenadines.

In order to purchase real estate in St. Lucia the following are required/established:-

  • Identify the property to be purchased (block and parcel number of the property as recorded in the Land Registry of Saint Lucia and a survey plan identifying the said property);
  • Purchase price of property;
  • Name and particulars of the vendor (the vendor’s address, marital status, occupation)
  • Agreement for Sale: Document executed by the vendor and purchaser indicating the terms (consideration of sale, deposit, period by which sale is to be executed, etc) of the intended sale. This document is very important and must be presented as an exhibit in the application as proof of the intended purchase.
  • A clause is invariably inserted in the Agreement providing that the deposit will be refunded in case the Government of Saint Lucia has denied the Applicant the Licence to purchase/hold the property.
  • Pay a non-refundable application fee to the Government of Saint Lucia in the sum of EC$5400.00.

Government Fee:

There is a stamp duty of 2% of the purchase price to register the Deed of Sale.

Legal Fee:

The fee is set at 3% to 5% of the purchase price.

Procedures for Acquiring an 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:

Property Area Cost of Licence (EC$)
Up to 1 Acre (43,560 Sq. Ft.) 5,000.00
Over 1 Acre up to 10 Acres 10,000.00
Over 10 Acres up to 20 Acres 20,000.00
Over 20 Acres up to 50 Acres 30,000.00
Over 50 Acres up to 100 Acres 40,000.00
Over 100 Acres 50,000.00

Where the intended purchaser is an alien person the following documents are required:

Application Documents
  1. Completed application form filled out on behalf of THE APPLICANT;
  2. Four (4) passport size photographs of THE APPLICANT;
  3. Statutory Declaration by THE APPLICANT attesting to the correctness of the information contained in the application;
  4. Statutory Declaration by THE APPLICANT attesting to his/her lack of criminal records;
  5. Copy of Map Sheet showing the property being purchased;
  6. Plan of Survey in relation to the property being purchased;
  7. Location Plan of the parcels of land;
  8. Quantity Surveyor’s Report on estimated market value of the property

Where the intended purchaser is an alien corporation the following documents are required:

A. Company Documents
  1. Certificate of Incorporation
  2. Articles of Association or Bye Laws (as the case may be)
  3. Memorandum of Association or Articles of Incorporation (as the case may be)
  4. Register/List of Shareholders/Members
  5. Register/List of Directors
  6. Register of Company Secretary or Resolution of Appointment of Company Secretary
B. Application Documents
  1. Completed application form filled out on behalf of THE APPLICANT;
  2. Four (4) passport size photographs of all the Shareholders and Directors of THE APPLICANT;
  3. Statutory Declaration by the Shareholders and Directors of THE APPLICANT attesting to the correctness of the information contained in the application.
  4. Statutory Declaration by the Shareholders and Directors of THE APPLICANT attesting to their lack of criminal records.
  5. Copy of Map Sheet showing the property being purchased
  6. Plan of Survey in relation to the property being purchased;
  7. Location Plan of the parcels of land;
  8. Quantity Surveyor’s Report on estimated market value of the property.

St Lucia Citizens:

  • Government Fee:

- There is a stamp duty of 2% of the purchase price to register the Deed of Sale.
- There is a stamp duty of 0.25% of the Mortgage price to register the Mortgage.

  • Legal Fees for the Deed of Sale (Purchase price):

- 2.5% tax on the first ECD 50,000
- 1.5% tax from ECD 51,000 to ECD 150,000
- 1.0% tax from ECD151,000 to ECD 1,000,000
- 0.5% tax from ECD1,000,000 upwards

  • Legal Fees for the registration of the Mortgage (Mortgage price):

- 2.5% tax on the first ECD 50,000
- 1.5% tax from ECD 51,000 to ECD 150,000
- 1.0% tax from ECD151,000 to ECD 1,000,000
- 0.5% tax from ECD1,000,000 upwards

  • copies and stamps 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.

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CONVERSION RATES & OTHER INFORMATION


CURRENCY CONVERSION:

For more information, please click on this link:  The XE.com Universal Currency Converter

AREA & SURFACE:

1 m2 = 10.76 sq. ft.
100 m2 = 107.6 sq. ft.
10,000 m2 = 1,076 sq. ft.
1 km2 = 247.11 acres
1 km2 = 100 ha

1 ha = 10,000 m2
1 ha = 100 are
1 ha = 2.47 acres

1 acre = 4046.86 m2
1 sq.ft. = 0.0929 m2

1 acre = 43.560 sq.ft
1 foot = 0.3047 meter

TEMPERATURE:

Fahrenheit into Celsius: 9/5C° + 32°

Celsius into Fahrenheit: 5/9 (F° - 32°)

JETLAG:

St Lucia is under the same time zone as Miami or New York City, i.e. -5 hours GMT. Depending on the season, the time difference varies as follows:

- with the UK between 4 and 5 hours (10 am in St Lucia, 2 or 3pm in London)

- for western Europe it varies between 5 and 6 hours. (10 am in St Lucia, 3 or 4 pm in Berlin or Paris)

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RENTING PROPERTY
IN ST. LUCIA
What you should know

St Lucia Villa Rentals

St Lucia is known for its fantastic beaches and green spaces; St Lucia has beachfront villa to gated villas a unique villa for you to experience, overlooking the incredible turquoise sea. Many of our villas are located in Rodney Bay; BlueReef Real estate has villas ranging in size from 1-10 bedrooms. Our villas are airy and spacious, quaint and comfortable, and range in style from a cozy cottage to a Caribbean chic estate. Our St Lucia villas are tastefully decorated and most include ample amenities such as a private pool, washer/ dryer, internet, and cable TV. All of our Blue Reefs' rentals are attractively priced and move in ready.