L O C A T I O N S LUXURY R E A L E S T A T E
Legals Now come the all-important legalities for which we can put you in touch with a reputable lawyer. Their fee is between one and two percent of the purchase price, half of which will be required upfront. The seller’s lawyer will then draw up a draft contract. Once both parties are happy with the fine print, a 10 percent deposit of the property price is due (minus the reservation deposit already paid). That will be held safely in an escrow account.
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Licences Non-nationals buying a home need a non-citizen’s licence which our recommended lawyers can handle for you. It costs seven percent of the purchase price and can take up to three months to acquire but it’s a pretty seamless process and 99 percent of applicants are approved. Stamp Duty of 2.5 percent is paid on closing.
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Return on Your Investment The remaining 90 percent of the property price is owed upon completion of the deal. Once paid, title deeds will be transferred, making you the official owner. Now all that’s left for you to do is settle in and enjoy your new home. Or, for maximum return on your investment, enter it into the rental programme and allow our sister companies Villa Management and Tailor Made Antigua to manage and market it for you.
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Citizenship By Investment For the savvy investor, a second passport can spawn a wealth of advantages including visa-free travel and international tax planning. While other jurisdictions offer something comparable to Antigua & Barbuda’s Citizenship By Investment scheme, few make it as speedy, seamless or affordable as our twin island paradise and our friendly and professional team can guide you through every step of the process.
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To find your perfect property, call us on +1 268 562 8174
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