All land is state-owned, so "ownership" is actually a long-term leasehold (usually 50 to 99 years). While the government traditionally leased entire i... Read Moreslands for resorts, newer laws allow for Strata Title ownership of villas within integrated resorts. Foreigners must invest at least $1 million USD in a government-approved project to qualify for long-term residency. There are no property taxes, but a Green Tax ($6/night) and GST (16%) are significant factors in the total cost of any island holding. Read Less