St. Lucia’s location in the Caribbean offers many excellent opportunities to purchase a commercial property for a new or existing business. Whether this involves acquiring undeveloped land to construct a new building or taking over an established space, it is essential to understand how these transactions work. It is also important to note that if you are not a St. Lucian citizen or registered business entity, additional steps will be necessary before making any purchase. These steps and more are made simpler with the guidance of a qualified real estate attorney.
Regardless of citizenship status, a St. Lucia commercial real estate lawyer may be able to help you buy, lease or sell commercial property on the island. At Athena Law, we are prepared to evaluate any proposed purchase or sale agreement, or draft new contracts upholding your best interests. Consider calling today to schedule an initial consultation to discuss your needs and to learn more about how we can help you achieve your goals.
Providing Support to Citizens of St. Lucia in the Purchase of Commercial Property
Citizens, St. Lucian-owned entities, and nationals of certain CARICOM countries or entities controlled by them do not need to obtain any special permission to purchase commercial property. A diligent St. Lucia commercial real estate attorney could help to determine if additional documentation is needed in an individual scenario to ensure the smooth transition of business assets.
Every commercial real estate transaction involves a contract. At Athena Law, our Principal Attorney has an extensive history of helping businesses create and manage various business agreements. We help business owners identify their goals for a purchase or sale agreement, and then articulate them into drafted transaction documents as may be required.
Special Rules That Apply to Non-Citizens or Foreign Companies
St. Lucia law allows non-citizens and foreign owned businesses to lease and purchase property on the island. However, these parties will first need to obtain a Certificate of Eligibility and an Alien Landholding Licence. While licensing is typically a simple process, it does involve specific vetting procedures and due diligence. Moving through the relevant government agency is easier accomplished with guidance from a St. Lucia attorney who is well-versed in commercial real estate transactions of this nature.
A St. Lucia Commercial Real Estate Attorney Could Help with Expanding Your Business
The purchase or sale of commercial real estate in St. Lucia can mean exciting possibilities for a small business owner or corporation. A skilled St. Lucia commercial real estate lawyer is ready to help you navigate this new chapter.
Whether you need assistance negotiating a fair sale price, drafting business contracts, seeking government incentives, or facilitating investor financing, Athena Law has extensive experience to guide you in each process. This could even include creating a legacy plan that ensures your commercial assets are appropriately handled in the future. Consider reaching out to learn more.