Owning a private island isn’t just for billionaires. There are various options for a wide range of budgets and lifestyles. Whether you want a tropical retreat or a long-term investment, we have shortlisted the most favorable countries that offer real opportunities to turn your island dreams into reality.
But buying one isn’t just about picking the prettiest spot—each country has its own rules. Just do your research, plan for additional costs, and get ready to claim your own piece of paradise. Let’s go.
Mexico
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The only thing you need as a foreign buyer in Mexico is fideicomiso (a bank trust) to own coastal land. This applies within 50 kilometers of the coastline and 100 kilometers of international borders. Many islands near Cancun, Baja California, and the Yucatán Peninsula are on the market, and their availability varies.
Costa Rica
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It is possible to own an island in Costa Rica as long as you are not within the maritime zone (the first 200 meters from the high tide line). This area is typically unavailable for private ownership. Instead, they can be leased. Islands outside this zone are limited, and zoning laws can be complex. So, while you can buy an island here, careful research is necessary before purchasing.
Norway
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The fjords and coastlines of Norway offer incredible properties. Foreigners can buy land with no major restrictions. In fact, many islands already have cabins. The country’s excellent property rights and strong infrastructure make it an ideal choice for those seeking solitude without sacrificing modern conveniences.
Brazil
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If you’ve been looking to put your name on a private island in Bahia or Rio de Janeiro in Brazil, the options are pretty decent. However, foreign buyers need government approval for coastal properties, and the process can be bureaucratically intensive. Additionally, certain areas may have environmental restrictions, which might limit development.
Vanuatu
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This Pacific island nation offers long-term leases (up to 75 years) on stunning private islands. The process is relatively simple, and taxes are minimal. This makes it one of the most affordable places to secure a tropical retreat. Vanuatu’s crystal-clear waters and relaxed lifestyle attract investors, retirees, and off-grid adventurers.
United States
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Island buyers don’t have to look far—there are many private islands for sale across the U.S. Maine, Florida, Alaska, and Washington offer options ranging from remote wilderness escapes to turnkey luxury retreats. Foreign buyers can purchase land without major restrictions.
Belize
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Belize is a hotspot for private island buyers with its clear property laws and no restrictions on foreign ownership. Many islands that sit near the Belize Barrier Reef offer world-class diving and fishing. The legal processes are straightforward and in simple English. Plus, Belize’s low property taxes make ownership even more appealing.
The Bahamas
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The Bahamas has a well-established private island market that attracts celebrities and investors alike. Foreigners can buy land easily, though larger purchases require government approval. Many islands come with existing infrastructure and may include private docks and villas. With no income or capital gains taxes, it’s a prime location for investment.
Panama
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One of the major attractions of Panama properties is the simple buying process that allows foreigners to buy islands with the same rights as locals. The Bocas del Toro region is particularly popular and offers affordable options ranging from untouched natural sanctuaries to fully developed properties. This place also has business-friendly tax laws and a growing tourism industry with a promising future.
Sweden
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Sweden’s thousands of islands, especially in the Stockholm Archipelago, are up for sale with minimal restrictions for foreign buyers. Many islands have access to fresh water, forests, and scenic landscapes. Unlike tropical islands, Sweden’s options offer a peaceful and nature-focused lifestyle with access to modern infrastructure and public services.
Scotland (United Kingdom)
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The private islands in this region, particularly the Hebrides and Orkney Islands, perfectly synchronize rugged beauty with history. Foreign buyers are limited to no restrictions, and some islands even have historic ruins or former castles.
Canada
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Canada offers numerous private islands, particularly in Ontario, British Columbia, and Nova Scotia. Many are freshwater islands, which reduces concerns about rising sea levels. Some provinces restrict foreign ownership, so buyers should research local laws.
Honduras
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The Bay Islands, including Roatán, Utila, and Guanaja, offer some of the Caribbean’s most affordable private islands. Foreigners can own land outright, and property taxes are low. Honduran islands present excellent opportunities for vacation homes or eco-friendly resorts.
Portugal
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Portugal’s Azores and Madeira archipelagos have some private islands available for purchase. Foreigners can own land freely, and the Golden Visa program offers residency benefits for qualifying investments. However, private island availability is limited, so buyers should carefully verify each opportunity before purchasing.
New Zealand
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You can find amazing private islands in stunning locations all around New Zealand, but the most famous locations are the Marlborough Sounds and the Bay of Islands. It is important to note that foreign buyers must obtain government approval, and the process can be stringent. Those who qualify will gain access to amazing views, strong infrastructure, and one of the safest property markets in the world.