St. Martin Real Estate

St. Martin real estate is one of the most successful real estate businesses in the Caribbean, and possibly the world. The island of St. Martin has become the second home of foreign nationals from over 86 countries, including the rich and famous and large corporations.

Real estate in St. Martin has been for many years has ideally fell in line with major international investment projects by foreign corporations and investors seeking to establish branches, offices or chains of their businesses somewhere in the Caribbean. St. Martin real estate has present favorable conditions for investment at this level because of the free flow that European corporations and private individuals obtain in terms of being able to immediately transact due to the fact that St. Martin laws are based on the French and Dutch, in essence, European system. Local professionals who fare engaged in St. Martin real estate business such as lawyers, land surveyors, architects, interior designers and accountants are thus either French or Dutch speaking or are French or Dutch nationals with St. martin real estate businesses or deals and are able to provide a service that feels and is home grown. For example, all St. Martin real estate transactions are dealt with by notary publics (notaire, in French) who ensure that deeds and all relevant information regarding St. Martin real estate are gathered. The ‘notaire’ ensures that both the buyer and seller are within their right to purchase or sell property and that all legal requirements are satisfied, in accordance with the law.

This is one of the main advantages that St. Martin real estate has for the international investor, who, if coming from the United States, feels a high degree of comfort knowing that despite being a French and Dutch island, that St. Martin real estate formalities and procedures are compliant with international standards and the US dollar is widely accepted as a regular medium of exchange.

St. Martin real estate ownership is not affected by residency requirements which restrict the purchase of real estate in St. Martin by foreigners, hence making it possible for foreign investors to take on development and investment projects, be it in resorts, infrastructural works, providing technical and professional support for projects or as joint partners with other firms and corporations.

With regard to tax on St. Martin real estate, the French does impose taxes and also has a tax information exchange agreement with the US, which means that tax information can be shared. But double tax avoidance treaties prevent double taxation and in some cases provide tax benefits, incentives and special treatment for nationals of the signatories of the double tax avoidance treaty. Before purchasing or investing in St. Martin as a non French or Dutch citizen, it is recommended to find out what are the tax obligations involved.

St. Martin is known for its affordable but comfortable living, which facilitates construction, doing business and providing services. St. Martin real estate is not hampered by high prices and limited goods, which make it very easy to furnish any office, place of residence or hotel. Or, for specifications, items can be imported free of port duties, helping to lower the cost of St. Martin real estate investment.