Question 1

Can foreigners buy property in Sint Maarten?

Accepted Answer

Yes. There are no restrictions on foreign ownership on either the Dutch or the French side. You can buy in your own name or through a company.

Question 2

Which currency is used?

Accepted Answer

US dollars on the Dutch side (Sint Maarten) and euros on the French side (Saint-Martin).

Question 3

How much is the deposit?

Accepted Answer

Usually 10% on the Dutch side, held in the notary's escrow account, and commonly 5% to 10% on the French side, paid when the compromis de vente is signed and held by the notaire.

Question 4

What are the closing costs?

Accepted Answer

On the Dutch side, a 4% transfer tax plus notary and registration fees, about 5.5% of the price in total. On the French side, a registration duty of 8% listed by the Collectivité's tax office, plus the notaire's fees.

Question 5

Does buying property give me residence?

Accepted Answer

No. Each side has its own immigration system, and owning a home does not give you a residence permit on either side.

Question 6

How long does it take to close?

Accepted Answer

Usually 30 to 60 days from the signed agreement, depending on financing and the parties involved.

The Sint Maarten Buyer & Investor Guide

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