Buying Real Estate in St. Maarten / St. Martin

Buying in St. Maarten

On the Dutch side of St. Maarten:

  • Many properties available for sale, it’s a ‘buyer’s market’
  • No annual real estate taxes
  • No capital gain taxes, if property owned by individuals
  • Low transfer fees and legal costs
  • Legal transaction handled by notaries, who represent both buyer and seller
  • Real estate transactions done in US dollars
  • Cost of living is lower than most Caribbean islands, because of duty free status
  • Several large international banks on island: RBC, Scotiabank, First Caribbean ( CIBC)
  • There are no restrictions on foreign ownership
  • Transactions typically close in weeks, sometimes as little as 2.

 Island characteristics:

  • Island is easily accessible, via air and sea
  • Stable governments, on both sides of island
  • Dutch supervision of Country St. Maarten

And, it’s a wonderful place to ‘live your dream’: Warm, with cooling trade winds, 37 beaches, and many more just a day trip away. As well as extensive duty free shopping in Philipsburg, hundreds of restaurants, casinos, nightclubs and bars and a huge selection of available sports/activities.

On the French side, St. Martin

  • There are annual property taxes and capital gains taxes.
  • Closing a real estate transaction can take several months.