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May 27, 2010

Dutch real estate laws and taxes

Dutch St. Maarten’s real estate laws and taxes;

When purchasing a private residence or land in your own name, you will need  your passport or other accepted identification.  Companies are welcomed and if buying in a company name, the present articles of incorporation and a statement showing the company is in good standing. Residence is not required to own property on St. Maarten.

Personal or business accounts can be opened at local banks as off shore accounts are not restricted to local foreign exchange taxes. Dollars can be moved freely from one country to another.

There are three  types of deed transfers for real estate on St. Maarten: Fee Simple, Government long lease, and private long lease. All deed types give registered ownership. Properties in protected subdivisions are fee simple (same as in U.S.). Properties are always closed using the European system where the Civil Law Notary, appointed by the Queen of Holland, is responsible by law to both parties and is obligated to do a proper title search to insure a clear title transfer. The responsibility of clear title is with the Notary, thus title insurance is not needed. Closings take place on St. Maarten in under 45 day unless state otherwise by the Sales and Purchase Agreement.  There is a one-time government transfer tax of 4%, plus the Notary‘s fee with the total of both amounting to no more than 5% of the gross sale price. The  Notarial costs are paid by  Buyer’s.

  • Deed Types; Long lease ,Fee simple and Private long lease deeds
  • Approximately 5% transfer fees; includes notary fees and transfer tax
  • No  annual land taxes or property taxes
  • No capital gains tax
  • Offshore companies and investors friendly
  • Building permits and zoning are routine and done by Vrom and the Kadaster

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

and property development and management.

Sunshine Properties

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

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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+

1 Comment Post a comment
  1. Bryant Lutz
    Mar 5 2013

    Hi Jonathon,Can you explain the difference between long lease and simple deeds and what would be best to have if purchasing a condo on the Dutch side?
    I read something that stated long lease was 50 years. If so, would I still own the condo after that? I’m not sure how that works. Please advise.

    Thank you

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