St. lucia property electricity jewels

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Anyone wishing to own property in St. Lucia, who is not a citizen of St. Lucia, needs to obtain an Alien Landholding license, which is granted to a specific owner to purchase a specific property. The license, which is permanent and not transferable, does not need renewal.

Once an offer which has been accepted, the buyer will be asked to pay a deposit of between 5% and 10% of the property value, for the property to be removed from the market and held on the buyers behalf. This deposit is usually refundable, should for any reason the Alien Landholders License be refused, which is very unusual; however the deposit will be forfeited if the buyer should choose not to complete the purchase.

The office of the Attorney General will vet the application before it is forwarded to the Office of the Prime Minister for final approval and signature. The list below indicates what will need to be submitted with the license application form:

The actual cost of construction will of course vary depending on the type of building constructed, it’s location, the condition of the building site (is the land steep, or flat etc) and the quality of the finishes chosen. However taking an average property, the average cost per square foot for construction (2008) is US$100 per square foot

The East Caribbean dollar (XCD) is Saint Lucia‘s national currency, and 1 dollar is divided into 100 cents. The exchange rate for the US dollar is fixed at EC$ 2.67 for US$1.00. The rates for other currencies fluctuate, as shown below: GBP £1.00 = EC$ 5.00 EUR €1.00 = EC$ 3.50 CAD $1.00 = EC$ 2.25

The Country area code is 1-758; The Island has payphones at your disposal, either with phone cards or with coins. Cable TV is widely accessible; Internet access is provided as well. Electricity 220 volts, 50 cycles AC (a few hotels are 110 volts, 60 cycles). Most sockets take 3 pin square plugs (UK standard) but some take 2 pin round plugs or flat American plugs, which are rarer. Adaptors are generally available at the hotels.

The duty free allowance into St. Lucia is 200 cigarettes or 250 grams of tobacco or 50 cigars, one litre of spirit or wine. Duty free shopping is available at Pointe Seraphine, La Place Carenage and at the departure lounge of Hewanorra Airport. Luxury items include Jewellery, Batiks, Giftware, Local Crafts, Liquor, Cigarettes and Cigars.

Visitors must carry valid passports, except USA and Canadian citizens who possess valid return tickets and I.D., staying for less than 6 months. Visas are not required where the visitor is a citizen of the USA or a Commonwealth country, or where there is agreement for exemption between the home country and St. Lucia.

Departure Taxes for all passengers over 12 years old leaving the island by air cost EC $54 or US $22, and EC $30 or US $12 leaving by boat. Airports: Saint Lucia has two airports: The George F.L. Charles Airport in Castries (located to the northwest of the island, also called the Vigie Airport); it welcomes international flights from the Caribbean region.

Hewanorra International Airport in Vieux Fort (southeastern tip of the island) welcomes long haul international flights from the US, and the UK and some Caribbean destinations. There is also a smaller airport at Vigie, Castries, which handles international short haul flights from various Caribbean states and allows a convenient connection with Antigua.

A property tax is just starting to be applied (February 2007) with some areas already being taxed and others still untaxed. Generally the property tax for home owners is 0.5% of the property value per annum – for example a home worth US$400,000 would incur a property tax of US$2,000 per annum.

All foreign individuals and foreign companies who intend to conduct business in St. Lucia require a trade licence which is issued by the Ministry of Commerce, Industry and Consumer Affairs. A company is considered a foreign company if more than 49% of the company’s shares is owned by foreign nationals.

The application which must be completed in triplicate is considered by the Trade Licence Advisory Board. The trade licence is issued annually with all licenses expiring on December 31st in the year they are issued. Applications for renewal must be made every year. Licence fees are ECD $1,000.00 approx. US$373 for a period of one year and shall be renewed thereafter.

Castries and Vieux Fort are the main commercial marine ports. Saint Lucia has several marinas and harbours for yachts and ferryboats from Martinique: Marigot Bay is a breathtaking bay with a small marina, this is the anchor point for some chartered boats and catamarans; Ganter’s Bay is Castries’ marina for yachts and sailboats; the Castries port has a recently renovated pier for the large ferryboats that come in regularly from Martinique.

Rodney Bay Marina is the largest yacht and sailboat marina of the island; it is the international host for the annual ARC (Atlantic Rally for Cruisers) rally that departs from Las Palmas in the Canary Islands in late November and arrives in Saint Lucia in early December.

It is very easy to find a taxi on the island, and they offer a variety of services, from airport transfers to day tours around the island. Airport transfers cost US$65 from the Hewanorra International Airport to Rodney Bay, US$20 from the George F.L. Charles Airport. Day tours to the south of the island may vary according to the drivers. St. Lucia taxis, all have red license plates, with the letters TX and a 3 to 4 digit number.

Public buses in St. Lucia are generally 14-seater vans, and they all depart from Castries towards the main towns of the island. Buses running from Castries to Gros Islet drive past Rodney Bay. These buses follow the route called Route 1A, and a one-way trip Rodney Bay – Castries will cost you EC$1.75. Public buses are easily recognizable, they have a yellow sticker on the front indicating the route and they have a green license plate.

Please note that the information on this page is subject to constant change and revision and may not be fully up to date. Users are advised to verify any information that could effect their decision on buying a property, visiting this country or any other matter of importance.