NIA waives Alien Land Holders License fee for 90 days

Hon. Mark Brantley, Premier of Nevis and Minister of Finance in the Nevis Island Administration announced a waiver of the Alien Land Holders License fee on the purchase of homes or properties on Nevis for a three-month period.
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CHARLESTOWN, Nevis — The Nevis Island Administration (NIA) has announced a waiver of the Alien Land Holders License fee on the purchase of homes or properties on Nevis for a three-month period.

The waiver takes effect on Sept. 1 and ends December 31.

Mr. Colin Dore, Permanent Secretary in the Ministry of Finance in the Nevis Island Administration said persons are still required to apply for the license at the Ministry of Agriculture, Land and Housing.

Hon. Mark Brantley, Premier of Nevis, who is also responsible for Finance, made the announcement at his monthly press conference. He said the NIA Cabinet and Ministry of Finance made the decision to waive the fee coming out of discussions with realtors.

“We had representation from some realtors that there was an issue that we had a lot of stock of homes and properties that were not selling,” said Hon. Brantley. “They voiced concern that having to pay the additional taxes might be a problem.

“So we decided to waive the Alien Land Holders License fee on the purchase of homes and existing buildings. Ordinarily, if you are a non-national you would have to pay an additional 10 percent,” he said.

Mr. Colin Dore, Permanent Secretary in the Ministry of Finance, explained that even though the Alien Land Holders License fee has been waived, Mr. Dore said persons are still required to apply for the license at the Ministry of Agriculture, Land and Housing.

Mr. Dore said in order to qualify for the waiver, applications for the license fee must be submitted by December 31. He noted that processing time is usually seven to 10 days.

According to the Alien Land Holding Regulation Act Cap 10, any non-national wishing to purchase property in Nevis must apply for an Alien Land Holders License. The cost of the license is 10 percent of either the purchase price or the value of the property as assessed by government (whichever is greater).

Premier Brantley said the objective of the fee waiver is help spur economic activity, namely the sale of property on Nevis, to the benefit of those in the real estate business.

“We are hopeful that those who say that they have real estate that has not moved, and can move that that real estate, will move in the next three months, and we can get some activity in the real estate market,” he said.
Wayne Tyson, a Realtor with Nevis Style Realty said he views the waiver as a positive move by the Nevis government.

“We definitely see this as a positive thing,” said Tyson. “We’re certainly grateful that the premier and his cabinet did this.”

“Most realtors have already sent out social posts, email campaigns about the waiver, speaking with clients about moving forward with purchases,” said Tyson. “Hopefully we can get a few sales in.”

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