Yes, foreigners can buy land in the Caribbean. In fact, the Caribbean encourages investment from foreigners and makes the process of buying, owning, and selling land and property straightforward.
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Grenada is considered to be one of the safest Caribbean countries. It is a perfect place to relocate with a family and enjoy white sand beaches. Grenada offers a CBI program. One of the options is to buy real estate for $220,000 or more.
The cheapest Caribbean islands to invest in property are Saint Vincent and the Grenadines and the Dominican Republic. Among the islands that offer citizenship by investment, Grenada has the most affordable property.
In the Cayman Islands, there is no property tax, personal income tax, corporate income tax, capital gains tax, VAT, or payroll tax. In addition, there is no withholding tax on dividends, interest, royalties, or fees for technical services. In the Cayman Islands, gift tax and capital gains tax also do not apply.
The Terraces was just listed for $200 million, making it the most expensive home in the Caribbean. The sprawling estate spans 17 acres and nine structures, and it features three swimming pools. It's located on the small private island of Mustique, where Mick Jagger and Tommy Hilfiger have homes.
The Caribbean offers a sunny oasis for retirees. With the laid-back lifestyle, affordable healthcare, and tax incentives, retirees are drawn to the Caribbean islands.
Some of the safest islands to venture to in the Caribbean include Antigua and Barbuda, Anguilla, The British Virgin Islands, the Cayman Islands, Martinique, Montserrat, and St Barts. Check out our article: Living in the Caribbean – The Pros and Cons You Need to Know.
A relatively low cost of living is one benefit that attracts expats to the Caribbean islands. The most expensive place to live in the Caribbean is the Bahamas, with estimated monthly costs for one person above $900. In most countries, average estimated costs are lower than $650.
In Seychelles anyone can own property, local or non-local. If you are a Seychelles Passport holder you can purchase property at any time without permission and Stamp Duty (Transfer Tax) is set at 5% of the purchase price.