Persons buying property in Grenada must select a lawyer to represent them.
If a non-national (including non-nationals within CSME) is interested in purchasing property in the State of Grenada, an application for an Alien Land Holding License must be submitted to the Permanent Secretary in Ministry of National Security, Public Administration, Disaster Management, Home Affairs, Implementation and Information. The application should be accompanied by two (2) references, a bank statement, police record and a copy of the property’s plan. In the case of a non-resident company, Certificates of Good Standing and Incorporation are needed. Government takes about 3 months to process the application.
- Legal fees: typically 1% of the property value
- Alien Land Holding License fee: 10% of property value (only for non-nationals)
- Stamp duty: Approximately 1% of the purchase price.
- Recording fee: An additional EC$ 5.00 is added for recording the transaction in the Deed and Land Registry.
- Stamps on Affidavit: EC$ 1.50 per each witness affidavit required
- Stamps on plan: $5.00
- Cost of additional disbursements, e.g. Search fees