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Taxes in SXM

Taxes

Taxes in SXM

Sint Maarten

There are 3 main taxes in St Maarten.

1. Wage tax
2. Turnover tax
3. Profit tax
4. Real estate tax (not currently enforced)

Capital gains tax does not apply to individuals.
To avoid the capital gain tax you need to buy real estate in your name.
It is possible to buy real estate with a company, for example an LLC from USA.
However, you will have to pay the profit tax when you sell.
There are other ways to title your property.
A Private Fund Foundations is an example.
This entity can be established by the Sint Maarten Notary,
The cost is approximately $ 1500 to $ 2000 USD.
Another way to buy property is with an NV (company).
This is a resident’s company that can also be established by the notary in SXM.

Saint Martin

On the French side, there is property tax and capital gain tax totaling approximately 34%.
Property tax is reasonable.
For example, for a villa in the French Lowlands with a plot of land of 2,5 acres and 2 houses, you could pay $5000 to $6000 per year.
Capital gains tax is not applicable if the property is your primary residence.
Typically, Americans, Canadians and European buyers, purchase properties in St Martin.
French companies like SCI ( Societe’ Commercial Immobilier) are used for this purpose.
This company can be established by your Notary, Lawyer or Accountant on the French side of the island.
Fiducial French Accountants
French Saint Martin real estate laws are a little bit different from the Dutch side.
The French notary or a lawyer can help you choose the best way to title your property.
This will be based on tax status in your country of origin.

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Typically when you arrive in St Maarten St Martin for the first time

you fall in love, just like the rest of us.
This is such a common story, you come here as a tourist and then after a week vacation you
want to own a piece of this paradise.
The first thing to do is to find a loc

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Bar Restaurant Simpson Bay Great Location Turn key excellent investment.

 

 

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Dec 06 2023
Nov 20 2023
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Build your own home in Sint Martin Saint Martin

Building a home in Sint Maarten Saint Martin
For sure building a home is not an easy task, anywhere,  especially if you are not going to be present, however this is not an  impossible task.

First of all you need to find the parcel of land where you

... + Read More
Pelican Heights Amazing Views

Pelican Heights modern Hillside project.

This new project sits on the hillside of Pelican overlooking the entire island St Maarten.

Modern turn Key condos 2 and 3 bedroom available  in April next year.

Elevator, covered parking, amazing views .....

This project is built with solid poor concrete and steal very solid, flat concrete roof.

Back up generator really elegant and modern pr

... + Read More
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Magnificent 2 Bedroom 3 baths beachfront Cupecoy direct beach access.

Turn Key large pool with Bar, GYM, 24 Hours security.

Adjacent to Mullet Bay Beach walking distance to Bar restaurant Casinos.

Only 2 minutes from Maho the   heart of the island, 5 minutes from Juliana International Airport .

ideal investment call us today + 1 721 587 0247

... + Read More
How to purchase Real Estate in St Maarten St Martin Caribbean

How to purchase Real Estate on our sunny and friendly island of St Maarten St Martin.
Typically when you arrive in St Maarten St Martin for the first time

you fall in love, just like the rest of us.
This is such a common story, you come here as a tourist and then after a week vacation you
want to own a piece of this paradise.
The first thing to do is to find a loc

... + Read More
Bar Restaurant Simpson Bay Great Location Turn key

Prime location, Simpson Bay, the heart of St. Maarten, charming Bar Restaurant full furnished and equipped.

Very well furnished tastefully decorated, indoor outdoor space.

Bar Restaurant Sports Bar very charming and manageable with little staff.

Bar Restaurant Simpson Bay Great Location Turn key excellent investment.

 

 

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