The purchase of a homesite on Providenciales is subject to a one-time stamp duty tax payable by the purchaser, which is 10% of the land value (applicable for Lagoon or Ocean Estate Villas). The purchase of a Boathouse or an Arc Sky Villa is subject to stamp duty payable on the overall purchase value.

While it is a simple process, we recommend that the purchasers retain local legal counsel to support them. We can provide recommendations upon request.

There are no restrictions on foreign property Ownership.

Land titles are held personally or in a Trust or corporation.

Property investors at South Bank are entitled to apply for a residency permit.

There is no land/asset holding tax, thus investors would not carry any on-going tax burden. Furthermore, there is no corporate, capital gains or inheritance tax. The only taxes currently in place are regular import duties on items brought into the country and a one-time Stamp Duty on real estate acquisitions.

There is a Home Owners’ Association (HOA) in place at South Bank, which is designed to maintain a high quality development in the long run. HOA fees cover refuse collection, common area maintenance and security monitoring.

The South Bank Resort operation adds significant value by providing a seamless, elevated lifestyle experience for owners and guests alike. Professionally managed by Grace Bay Resorts, it ensures high standards of service, security, and maintenance across the community. Amenities such as dining, spa, fitness, beach services, and villa management are delivered with consistency and care, enhancing both day-to-day enjoyment and long-term property value. This full-service resort environment allows owners to relax, rent, or entertain effortlessly, knowing every detail is taken care of.