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The Alien Landholding (Licensing) Act, no. 1 of 2020.

Country/Territory
Saint Lucia
Document type
Legislation
Date
2020
Source
FAO, FAOLEX
Long title
An Act to make provision for an alien to purchase, acquire or lease land in Saint Lucia and for an alien investor to enter and remain in Saint Lucia and for related matters.
Subject
Land & soil
Keyword
Authorization/permit Business/industry/corporations Certification Court/tribunal Foreign land tenure Cadastre/land registration Land tenure Lease Ownership
Geographical area
Americas, Caribbean, Latin America and the Caribbean, North Atlantic, Small Island Developing States
Abstract

This Act, consisting of 59 articles, divided into seven Parts, provides for measures regulating ownership, acquiring or leasing of land by foreign citizens or foreign firms and companies. The Act concerns: international business company; registrar of lands; investment. Part I of the Act focuses on: functions of the citizenship by investment Unit, including: processing an application for a certificate or an alien landholding licence, collection of fees, conducting due diligence checks on an alien, keeping and maintaining records; powers of the Board. Part II concerns measures for certificate of eligibility. Part III concerns alien landholding licence; application requirements; grant of a licence; conditions for an alien landholding licence. Part IV concerns establishment, powers and functions of the tribunal responsible for determining whether an alien investor has breached the conditions of the Act. Part V concerns forfeiture declaration against land and its effects. Part VI concerns alien investor entrance permit. Part VII contains miscellaneous provisions, including ministerial power to issue Regulations.

Full text
English
Website
slugovprintery.com