Louisiana State Contractors Licence

Louisiana State Contractors Licence

Louisiana State Contractors Licence

Persons who are interested in owning real estate in the British Virgin Islands (BVI) but are not born in the BVI or do not have at least one parent or grandparent, a spouse or another warranted circumstance, must apply to the Ministry of Natural Resources and Labour (MNR&L) for a Non-Belonger Land Holding Licence before they can hold title to the property. These persons are classified as "non-belongers" as it pertains to owning property. If a registered company is interested in purchasing property then company documents must be submitted showing the directors and shareholders of the company to determine if the company is a non-belonger company.

The Law Governing Non-BVIslanders and Real Property

The law that governs this process is classified as the "Non-Belongers Land Holding Regulation Act (CAP. 122)". Land can be acquired by foreclosure, purchase or by probate. Once a person is deemed to be a non-belonger, they must complete and submit an application form with the required attachments and fees to the Ministry of Natural Resources and Labour in Road Town, Tortola.