Q. What taxes and fees do I have to pay?
Do I need any legal representation to complete the sale process?
Yes, the average cost for this is 2% of the agreed purchase price of the property/land that you are purchasing.
How long does a sales transaction take to complete?
Approximately 3-6 months
What documents are required by a foreign purchaser applying for Alien Land Holding License?
Police Record and 2 character references
Who pays Real Estate agency commission?
What are your annual property tax?
Annual Property Tax Calculations
Tax Calculation Example:
Property Value $ 100,000.00 x 0.005 = EC$ 500.00 – yearly property tax
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