Faqs

Purchaser:

• Alien Landholding License Fee (for non-nationals only): 10% of the purchase price
• Legal Fees: Approx. 2% of the purchase price + 15% Value Added Tax (VAT)
• Stamp Duty: 1% of purchase price
• Land Surveyor’s fee: Approx. 0.5% of the value of the land
• Miscellaneous: Approx. US$500.00

Seller:

• Property Transfer Tax: 5% of the selling price for nationals and members of the OECS, and 15% of the selling price for non-nationals
• Legal Fees: Approx. 1-2% of the purchase price + 15% Value Added Tax (VAT)
• Real Estate Commission: 5% of the purchase price + 15% Value Added Tax (VAT)
• Miscellaneous: Approx. EC$500.00

Note: The Government of Grenada allows an exemption of the first EC$20,000 on the property’s selling price before the Transfer Tax is calculated.

• Yes, it’s highly recommended that you seek professional legal advice when purchasing or selling a property in Grenada. An attorney can help you navigate any legal requirements involved, ensure that all necessary documents are complete, and protect your interests throughout the transaction.

We are happy to recommend reputable local attorneys.

• Approximately 0.5% of the value of the land.

• Approximately 3-6 months.

• 10% upon the signing of the Sale Agreement.

• Yes! You can apply for an Alien Landholding License, 10% of the purchase price or invest through any of the CBI programs.

• Two (2) Character references.
• Bankers’ reference.
• Police Certificate of good Character (PCGC) or Police Report from country of origin or current residence.

• The Seller pays the real estate agency commission: 5% of the purchase price + 15% Value Added Tax (VAT).