Citizens of the USA, Canada, UK, EU countries, and most Commonwealth & South American countries can stay on vacation in Jamaica for 3 months on a tourist visa which is automatically given on arrival.
Visitors wanting to stay longer than 3 months can apply to the Jamaican Passport, Immigration and Citizenship Agency (PICA) for an extension of 6 to 12 months.
Individuals who are retired from work, financially independent and a person of good character can apply to PICA for Jamaican permanent residence.
Individuals who have permanent residency and have resided in Jamaica for 5 years or more are eligible to apply for citizenship by naturalization.
There are no restrictions on foreign buyers acquiring real estate in Jamaica. The Government of Jamaica welcomes investment from overseas investors.
Search for your perfect property.
Make an offer to purchase the property with the Real Estate Agent.
Engage a lawyer to perform a title search and land survey.
After signing the Agreement for Sale, pay a 10% deposit.
On settlement pay all taxes and fees.
Pay the balance of the purchase amount.
Please seek the advice of a local lawyer. Legal fees depend on the complexity of the transaction and the amount of work performed.
A registration fee, split equally between buyer and seller, of 0.5% of the purchase price is payable to the Registrar of Titles.
Total stamp duty amounts to JMD $5,000 which is split equally between the buyer and seller – JMD $2,500 each.
A Transfer Tax of 2% of the purchase price of the property is paid by the seller.
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