Isle a Quatre is a short boat journey from Bequia and an exhilarating sail to Mustique or Canouan. All the islands are only a few minutes by light aircraft. The nearest airports are Bequia, Mustique and Canouan for direct scheduled and private flights to Barbados, St.Lucia and Martinique.
Isle a Quatre has been owned by the
Mitchell family for over 100 years. Isle a Quatre is currently a Marine reserve, and in April 2007 a 100 million US Quatre Isle Resort Deal was signed. The Resort was planned to comprise fifty luxury Villas, as a
multi-facility resort, to contain; Marina and Sporting facilities, a Boutique hotel and a first class restaurant. This plan is just one example of the huge amount of potential that Isle a Quatre holds for a buyer.
This stunning island would make for a fantastic investment, as it seems to have it all - elevated hillsides for stunning views,
pristine white sandy private beaches, and expansive spaces in which to make some exceptional developments. See concept images in gallery above.
Following the successful Mustique and Canouan models, an Act of Parliament provides for substantial and compelling arrangements - a 20 year tax holiday, incentives, exemptions and residency for the purchaser, company and investors. Conditions include the establishment of a high quality private island environment with boutique hotel, villas and infrastructure.
In preparation for the sale a holding company with limited liability has been set up, Quatre Isle Resort Ltd. It has never traded and has no liabilities. With the legal framework in place, the greater part of the island is offered for sale for the creation of a sustainable and successful private island resort.
The entire process can be handled remotely - ie while you are in the UK.
1. Make your offer for your chosen property through us. We present your offer, and work to bring the sale to an agreement with the owner.
2. Appoint a local Lawyer to handle your purchase (list of recommended lawyers can be provided upon request) exchange contact details and discuss the purchase arrangements, as you wish.
3. Sign Agreement of Sale & deposit 10% of purchase price in ESCROW account with the lawyer.
The Agreement of Sale Contract is prepared by the lawyer for approval by both parties, before being finalised and signed by both parties. This is a binding agreement, the only circumstances where you would retrieve the deposit would be if:
- the seller fails to perform (for example if there was not clear title)
- or if your ALHL is not issued (this is extremely rare).
4. Alien Land Holders Licence (ALHL) Application (specific to the property
& applied for at the time of agreement of purchase ).
Provide the following details to your local lawyer :
- Date and place of birth
- Copy of passport
- Bank reference (not finances just a letter of reliability)
- Police certificate of clear record (applied for from your local police station or online, in your home country
The police certificate is usually fairly swift and at least straightforward
The lawyer makes the ALHL application and searches to check clear title on the property
5. ALHL is issued (this usually takes 2 to 3 months).
6. Complete the purchase (you deposit the balance of purchase price and the signed deeds of conveyance are released). At this point the property is yours.
Purchase costs are straightforward;
- 5% Stamp Duty
- approximately 6% ALHL
- legal fees
Legal fees are standard and the lawyer you instruct can provide a detailed breakdown of the costs.
We advise allowing 13% to cover the costs.
The lawyer can advise on personal or company ownership;
Company ownership provides automatic exemption from work permit. Residency is a simple formality with property ownership.
Many buyers choose to own their property through a company which can be set up easily, the lawyer can advise on the costs and fees for this.
There is no capital gains tax, no inheritance tax and annual property taxes are negligible. Funds can be repatriated freely.