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May 27, 2010

French Real Estate taxes and laws

French St.Martin,

Real Estate transactions are dealt with  by the Notaire (Notary). The Notaire has responsibility to make the final deed and obtaining all relevant searches about the property to insure the property is transferred free and clear of any leans. The Notaire has responsibility and the power to transfer the property to the buying party . Like on the Dutch side of St. Maarten, the Notaire is responsible, by law, to both parties , A personal attorney is not necessary. As of 01 July 2007 the Commune St. Martin is directly attached (together with St. Barth’s) to mainland France and no longer under the jurisdiction of Guadeloupe.

  • Land lease and fee simple deeds are available.
  • Approx. 10% transfer tax; includes Notary fees and taxes.
  • Land tax is applicable inquire for more information.
  • No V.A.T. even though St. Martin is a borough within France.
  • 33.5 % capital gains tax please inquire for defiscalisation ( no tax)
  • Offshore companies are welcome with restrictions. But recently it has been possible to establish “local branches” of foreign companies. Such branches can purchase, sell and manage land in St. Martin
  • Land speculation is limited. Build within six (6) months or additional taxes apply.
  • Building permits and zoning require  knowledge.

Sunshine Properties will be your competent , reliable partner for St Martin Real estate, offshore investment,

and property development and management.

Sunshine Properties

Address: 93 Welfare Road, Cole Bay, St. Maarten, N.A.
Email: info@sunshine-properties.com
Web: www.sunshine-properties.com
Tel: (599) 544 4498/9
Fax: (599) 544 4544
Toll Free No. 1-866-978-6229
___________________________________________________________
Exclusive Member of Leading Estates of the World

About the author, Jonathan Schaede

Hi there! My name is Jonathan Schaede and I created this site. Here you will find a lot of information that you would otherwise not find about St. Maarten Real Estate and the market. It's a great way in paragraph form to get to know the neighborhoods and areas in our little Paradise. A little more about me; I had the pleasure of growing up  in St. Maarten and have always been involved in our family owned Real Estate and Development company, Sunshine Properties, founded by my father Dieter Schaede a pioneer in the Real Estate industry. Follow us on Facebook or Google+

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