Summary - French St. Martin Real Estate Laws, Taxes and Island Information
On French St.Martin, real estate transactions are always handled by the Notaire(Notary). The Notaire
is responsible for perparing the final deed and obtaining all relevant searches about the property.
The Notaire must check that each party has full capacity or the right either to sell or purchase
property. Like on the Dutch side of St. Maarten, the Notaire is responsible, by law, to both parties
and is obligated to do a proper title search to insure a clear title transfer. A personal attorney
is not necessary.
- Land lease and fee simple deeds are available.
- Approximately 10% transfer fees; includes Notary and taxes.
- Land tax is applicable. Call or e-mail us for more information.
- 33 1/2% capital gains tax.
- Offshore companies are welcome but with restrictions.
- Land speculation is limited. Build within six (6) months or additional taxes
apply.
- Building permits and zoning require some local knowledge.
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