Sunday, 01 August 2010

Buying

   Alien Land Holding License Procedure:

The Government of Grenada requires that non-nationals purchase a Land Holding License.

For your basic information, the following documents are required. Windward Realty’s Attorney will advise.

·        Banker's reference letters

·        Character references

·        Police Character references if possible ( will advise )

Required Fees:

    * 10% of purchase price - Alien Land Holding Licence payable to the Government of Grenada.
    * 1% of purchase price - Stamp Duty for Conveyance
    * 2% of purchase price - Legal fees for Conveyance
    * 5% of legal fees - To the Government of Grenada for General Consumption Tax (GCT).
    * EC$250.00 - Additional Government fees. (Approx.)

EC$1,800.00 - Legal fees for application for Alien Land Holding Licence + EC$90.00 GCT + EC$25.00 Stamp Duty payable to the Government of Grenada. (Approx.)