Process of Purchasing a Property on Nevis

1) Any person who is not a national of St. Kitts and Nevis needs an Alien Land Holding License to own property on Nevis. The approval process takes about 3 months and any lawyer will have application forms and can assist you with filling them out.

2) Negotiate and agree on price and what is being sold (furniture, equipment, and even vehicles).

3) Appoint a local lawyer.

4) Sign Sales Agreement, normally a deposit of 10% of the purchase price is paid at signing of the Sales Agreement. This agreement should be contingent on (a) the Government appoving your Alien Land Holding License application or (b) the Government making a decision on the Alien Land Holding Application in a reasonable period of time.

5) Once the Alien Land Holding License is approved you move to closing.

The Purchaser pays:

*The balance of the purchase price 90%                                

*Alien Land Holding License fee 10%

*Legal fees approximately 2%

The Seller pays:

*Government Stamp Duty of 12%

*Settle all obligations through and including the closing date, including but not limited to telephone, cable TV, electricity, water bills and house and land tax.

On completion of the sale, the Seller shall deliver to the Purchaser a Memorandum of Transfer of the Land hereby sold, executed by the Seller in favour of the Purchaser to transfer the title to the land to the Purchaser free and clear of any liens or encumbrances whatsoever, except for standard utility easements.