How To Purchase a Property In Antigua and Barbuda

The process of purchasing is buyer-specific in that it is determined by the country of the buyer. When the purchaser is not a citizen, then they has to obtain a Non-Citizen Property Holding License to purchase property. It costs just five per cent of the cost of the property you are looking to purchase. Additionally, it takes a time that ranges from three to six months before you can be approved for the purchase of the license. In addition the license is confined solely to the house you are looking to purchase.
To purchase a home within Antigua and Barbuda it is necessary to hire an attorney to petition the Ministry of Agriculture and Lands on your behalf to obtain the Alien Land Holding License, which must be granted by cabinet.
For a list of real estate agents, click on this link: http://www.antigua-barbuda.com/news_information/general_info.asp
How To Purchase a Property In Antigua and Barbuda

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Mandatory Documents for Police Clearance from the country in which you lived previously

proof of funds in sufficient amounts

Office Locations and Contacts

The Ministry of Agriculture Lands, Housing & the EnvironmentQueen 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

What Are All The Eligibility

Anyone living in Antigua or Barbuda who would like to own an investment property.

Fees

The official costs you need to take into consideration:

2.5 percent Stamp Duty.
Legal costs of between 1-2 percent of the value of your property and if the property is sold you must pay an additional tax (Stamp Duty) of 7.5 percent.
Real Estate Agents Commission of between 5 and between 5% and.
A duty of 10% applies to price of property bought by non-nationals.

Instructions

Think about your main purpose before purchasing a home located in Antigua or Barbuda.
Non-citizens need to obtain an authorization to buy real estate in Antigua. After obtaining the license, the transaction is able to go on.

Documentation is needed

If you want to own your own home or other property located in Antigua and Barbuda You have the legal right to do so. Antigua is an ideal location for those who are not residents looking to purchase properties in the Caribbean as it has a great business environment and a steady political system. The general government encourages foreign investment.

External Links

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