The buying process in Grenada is straightforward, with few restrictions as most land is freehold and open to anyone for purchase. The whole process can take from 4-6 months. Once you have identified your property and settled on a price with the buyer, you make a 10% deposit which is held in escrow until the process is complete. Next, you have to apply to the government for an Alien Land Holding License. This application is made by a local lawyer and must include a police clearance from your country of residence, bank references and character references. When the License is granted there is a payment due of 10% of the purchase price payable at the Inland Revenue Department. In addition to the 10% fee, you need to add in lawyers’ fees and taxes. In addition to the 10% Alien License fee, the following fees will also be due when the property closes: 5% of purchase price for Grenada for General Consumption Tax, payable at the Inland Revenue Office 1% of purchase price for Stamp Duty paid at the Deeds and & Land Registry 2% for legal fees to prepare title deed and title search.