Wikiprocedure

Antigua and Barbuda - Purchase a Property

Page Discussion

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ProcedureEdit

  • The process of buying is buyer specific in the sense that it is decided by the nationality of the prospective buyer. If the buyer is a foreign citizen then he or she must obtain a Non-Citizen Land Holding License in order to buy property. This costs five percent of the value of the property that you wish to buy and there is a waiting period of between three to six months to obtain approval for purchasing the license. Besides this, the license is specific only to the property that you want to purchase.
  • In order to purchase a property in Antigua and Barbuda, one must retain a solicitor to apply to the Ministry of Agriculture and Lands on your behalf for an Alien Land Holding License, which has to be approved by the cabinet.
  • For a list of real estate agents, click on this link: http://www.antigua-barbuda.com/news_information/general_info.asp.



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Required DocumentsEdit

  • police clearance from the country where you previously lived
  • evidence of sufficient funds



Office Locations & ContactsEdit

The Ministry of Agriculture Lands, Housing & the Environment
Queen Elizabeth and Independence Highway
(268) 462 -1007/8, 462 -0027, 562-5596
FAX: (268) 462-6104, (268) 562 -1303

For a list of real estate agents, follow this link: http://www.antigua-barbuda.com/news_information/general_info.asp



EligibilityEdit

Anyone in Antigua and Barbuda who wants to own a property.



FeesEdit

Official costs that you must consider:

  • 2.5% Stamp Duty.
  • Legal fees of between 1-2% of the property value and when the property is sold again, you have to pay a tax (Stamp Duty) of 7.5%.
  • Real Estate Agents Commission of between 5% - 7%.
  • A 10% duty is imposed on the cost of property purchased by non-nationals.



ValidityEdit

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever



Documents to UseEdit

Please attach documents which can be used by people who would like to follow this procedure.



Sample DocumentsEdit

Please attach sample completed documents which would help other people who would like to follow this procedure.



Processing TimeEdit

Please explain the processing your application.



Related VideosEdit

Videos explaining the procedure or to fill the applications. 
Attach videos using the following tag <&video type="website">video ID|width|height<&/video&> from external websites.
Please remove the "&" inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver, 
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url "http://www.youtube.com/watch?v=Y0US7oR_t3M" Video ID is "Y0US7oR_t3M".



InstructionsEdit

  • Consider your primary purpose when buying a property in Antigua and Barbuda.
  • Non-citizens have to acquire a license to be able to purchase property in Antigua. With the license, the transaction can proceed.



Required InformationEdit

A list which displays the kind of information which is required to complete the procedure.
e.g.
1. Date of Birth.
2. City or County of Birth.



Need for the DocumentEdit

If you wish to own your home or any property in Antigua and Barbuda, you have the right to do. Antigua is a good spot for non-residents looking to buy property in the Caribbean, with a good business climate and a stable political system. The government in general encourages foreign investments.



Information which might helpEdit

Enter other informations which might help



Other uses of the Document/CertificateEdit

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.



External LinksEdit

How to Purchase a Property in Antigua and Barbuda: http://www.antigua-barbuda.com/news_information/faqs.asp
Antigua and Barbuda Ministry of Agriculture: http://agricultureantiguabarbuda.com/
Antigua Nice: http://www.antiguanice.com/v2/index.php



OthersEdit

More information which might help people.


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