Non-Citizens Land Holding Regulations (Amendment) Act No. 9 of 2018.

Country/Territory: Antigua and Barbuda
Document type: Legislation
Date: 2018
Source: FAO, FAOLEX
Long title: An Act to amend the Non-Citizens Land Holding Regulations Act, Cap. 293 to cure certain defects and make provision to bring the Act into conformity with the development program of the Government.

Subject: Land & soil
Keyword: Business/industry/corporations Certification Foreign land tenure
Geographical area: Americas, Caribbean, Latin America and the Caribbean, LATIN AMERICA AND THE CARIBBEAN FAO, North Atlantic, Small Island Developing States

Abstract: This Act adds the definition of non-citizen to the Section 2 of the Principal Act as "any company incorporated in Antigua and Barbuda under the International Business Corporation Act Cap. 222". This Act repeals the paragraph (a) of the Section 3 regarding the forfeiture of land and mortgages held by unlicensed non-citizens. Subsection 1 of the Section 4 of the principal Act is amended regarding the issuance of licenses by the Cabinet for non-citizens to hold land or mortgages. Moreover, this Act makes amendments in Section 6 regarding the companies under the control of non-citizens; Section 7 regarding the authority of a company to restrict holding by non-citizens of its shares and debenture; Section 8 regarding the licenses for non-citizens to hold directorships, shares or debentures of a company; section 18 regarding the stamp duty; and Section 23 regarding the authorities of the Cabinet. Finally, this Act adds the Section 25 regarding the authority of the Minister to make regulations for the purpose of carrying out this Act into effect, and in particular prescribe application forms for licenses to hold interest in land, shares or to be director of a corporation holding land.
Full text: English
Website: www.laws.gov.ag

References - Legislation

Amends

Legislation | Antigua and Barbuda | 1968

Keyword: Land tenure, Foreign land tenure, Land based credit, Tax/levy

Source: FAO, FAOLEX