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St Maarten - real estate - information - properties

This 37 square mile island contains two countries, French St Martin and Dutch St Maarten and although both sides speak English and accept US dollars, they still retain a lot of their European origins with great Dutch and French cheeses, fine French restaurants, Indonesian rijstafels brought by the Dutch, a European indifference to topless, even nude, beaches, and much more. All of this is colored with the Caribbean, leading to sunny, hot days on beautiful beaches and warm nights with soft breezes blowing through open-air, seaside restaurants. Add in casinos and bars for nightlife, calypso-filled carnivals, and duty-free shopping for jewelry, alcohol, and cigars, and you'll have the perfect vacation.

St. Maarten Real Estate: investment opportunities are the most favorable for "buyers" in years. Investing in St. Maarten real estate is very easy. You do not have to be a resident to purchase real estate on the Dutch side of the island.

All real estate closings are simple and do not require a personal attorney. Closing costs are minimal and closings are completed within the time frame of the purchase agreement.

A Foreign entity or individual may purchase and own real estate on St. Maarten. When doing so, you are protected by Dutch Law. You need not become a resident to own property. The only requirement in purchasing a private residence or land in your name is to present the valid, picture I.D. (usually Passport) If buying in a business name or company, you must present Articles of Incorporation, as well as a statement of good-standing.

There are 3 types of “Deed Transfers” for Real Estate on St. Maarten: Fee Simple, Government Long- Lease, and Private Long- Lease. All of these Deed types give registered ownership. Transactions are always “closed” using the European System, where the Civil Law Notary, is responsible by the Law to both entities, and is obligated to do a proper Title Search, to insure a clear title transfer. Title insurance is not necessary. Closing Costs on Dutch St. Maarten are approx. 5.5%. Transfer Taxes are included in the Closing Costs. There are NO Capital Gains Taxes, Real Estate Tax, nor are there Annual Property Taxes.A property can be held in an Off- Shore company name, or a Corporation. Please contact us for more detailed information on this. Closings are done in English, and on St. Maarten.