Can you own property in St Maarten?
Anyone can own property on St. Maarten. Furthermore, there are no annual property taxes, no personal capital gains taxes and St. Maarten is a duty free port making the owning of real estate here all the more appealing.
How do I start my own business in St Maarten?
In order to start a business in St. Maarten, one must first issue a “Business License” based on the “Vestigingsregeling voor Bedrijven” Ordinance. This can be done in the form of a sole proprietorship, a limited liability company (N.V. or B.V.) or other as regulated in the Civil Code.
Is St Maarten a party island?
Sint Maarten is known for its exciting nightlife with stunning beaches, guava berry liquors and copious casinos. As the sun goes down, why not wander the cobbled streets of Dutch Phillipsburg with its buzzing bars, gourmet restaurants and lively street parties?
How much is a beer in St Maarten?
Cost of Living in Sint Maarten
| Restaurants | Edit |
|---|---|
| Domestic Beer (1 pint draught) | 3.50$ |
| Imported Beer (12 oz small bottle) | 5.00$ |
| Cappuccino (regular) | 4.24$ |
| Coke/Pepsi (12 oz small bottle) | 2.27$ |
Can foreigners buy property in St Maarten?
A. Residential and commercial properties are available to foreigners on both French and Dutch sides of St Martin Island. You do not have to be residents to purchase and to own. Investors may also take the option to purchase land for future development.
Can you get a mortgage in St Maarten?
Yes, foreigners can buy property in St Maarten / St Martin and the island welcomes investment from overseas buyers. There are no restrictions on foreign buyers acquiring real estate in St Maarten / St Martin.
Which Caribbean island has best nightlife?
The top 10 winners in the category Best Caribbean Destination for Nightlife are:
- San Juan, Puerto Rico.
- Santo Domingo, Dominican Republic.
- Curacao.
- Trinidad, Trinidad & Tobago.
- Antigua.
- Aruba.
- St. Maarten.
- Barbados.
What is St Martin known for?
St. Martin’s Dutch side is known for its festive nightlife, beaches, jewelry, drinks made with native rum-based guavaberry liquors, and casinos. The island’s French side is known for its nude beaches, clothes, shopping (including outdoor markets), and French and Indian Caribbean cuisine.
Can you use American money in St. Maarten?
The official currency of Sint Maarten (Dutch Side) is the Antillean Guilder or Florin (fls). Guilders are only accepted on the Dutch side while Euros are usually only used on the French side due to the steep exchange rate. US Dollars are used absolutely everywhere but much less on the French side.
Is St Martin expensive to live?
The cost of living in St Maarten is relatively high, compared to the average salary. So don’t move to St. Maarten if you are looking to live and work somewhere where you can easily save money.”
Can a US citizen live in St Maarten?
Sint Maarten is a duty-free port. Sint Maarten operated under the European system for title. According to the American-Dutch Friendship treaty of 1956, US citizens do not need a work permit while living on the island. If they want to stay longer than 6 months, they should apply for a Declaration of Admission by Law.
How much does it cost to build a house in St Maarten?
Construction in St. Maarten costs around $ 3,267 on average per square meter while that in the Dominican Republic costs around $ 2,078.
How is a St Maarten beach bar sold?
Most St Maarten’s beach bars are sold separately to the real estate, so its just a transfer of shares. Even though its not customary, you can use a Notary to conclude the transfer of shares. If you are buying the real estate; there are no Property Taxes or Capital Gains Tax in St Maarten.
Which is the best bar in St Martin?
The Hole in the Wall is the best bar in SXM, great live entertainment nightly, amazing staff and an overall excellent… 6. Les Mardis de Grand Case (Harmony Night)
Where is Pirates in Paradise in St Maarten?
Pirates In Paradise is a SXM beach bar and restaurant. The number one rated Restaurant & Bar on Trip Advisor in the town Philipsburg on the island of St. Maarten. 115 reviews with a loyal following that makes your business plan easier. Start your income today. Offering American cuisine made popular by its own brand Pirates In Paradise.
Is there capital gains tax in St Maarten?
Buying or renting real estate in St Maarten is safer with Century21. 0% Property Tax. 0% Capital Gains Tax. 4% Property Transfer Tax and approximately 1.5% Notary fees. As a buyer or tenant our service to you is FREE! To rent or lease you require two (2) months Security Deposit.