What you should know when: Buying Property in Antigua

Antigua is a beautiful Island Paradise in the heart of the Caribbean Sea. It known for its 365
Beaches – one for every day of the year.
It is a sailing hub and home to some of the most renowned sailing races – The RORC Caribbean
600, The Classics Regatta and Sailing Week, amongst others.
Whether you are a sailor or a beach enthusiast, Antigua has something for everyone.
Buying Property in Antigua may feel different then back home, and we at RE/MAX 365 aim to
make that process as smooth and hassle-free as possible, helping you buy your little piece of Island
Paradise.
We have numerous property listings on our website and are always happy to do a virtual tour for
any listing you may be interested in.
Our agents will work alongside you to compose a wish list and try to match you with your dream
home – if you don’t see what you are looking for, there are always additional listings available that
are not on the website.
A question that is always asked in real estate – what expenses can we plan for when buying a home
in Antigua?
Antigua has several property taxes, as does any location in the world:
STAMP DUTY – applies for all buyers and is 2.5% of the property price.
NON CITIZEN HOLDING LICENCE (NCHL) – this tax is required of any buyer who does not
hold a citizenship to Antigua & Barbuda. It is valued at 7% of the property price.
One more expense to consider is the legal fees charged by the lawyer that will represent you. This is
usually estimated at 1-2% of property price.
Stamp Duty – 2.5%
Non-Citizens Holding License – 7%
Legal Fees – 1-2%
Total taxes – 10.5-11.5%
You found your dream home – now what happens?
Once both sides agree on a price, RE/MAX 365 will draw up a purchase agreement for both sides to
sign and we will pass it to your representing lawyers – we have several real estate lawyers we work
with that we can recommend.
The lawyers will draw a sales contract that is agreed on by both sides.
Usually, a 10% deposit is asked at this time from the buyer, to be held via escrow by the lawyer.
After the contract is signed by both sides, your lawyer will submit all the paperwork for your NCHL
– Non Citizen Holding License.
From this point it will take 3-6 month to finalize the sale.
Antigua also offers a Citizenship program – CIP.
This program applies to certain real estate in designated areas in Antigua.
When a property is approved by this program, we will highlight that option.
There is a government processing fee of $30,000 USD for a single applicant or up to 4 applicants
from the same household.
In some cases, applying for the CIP will make better financial sense than paying the 7% NCHL.
Our agents will happily assist you in understanding what is involved and helping you decide which
route will work best for you.
We have partnered with an amazing local company that specializes in property management – Away
From It All Antigua.
Whether it be short term vacation home rentals or long term living – they will manage your
property and take care of everything, from rental bookings and cleaning to maintenance and book
keeping.
Check them out at awayfromitallantigua.com.