Q- Will owning property conflict in any way with your present citizenship or residency? A- No, owning property on St. Maarten does not conflict with your present residency or citizenship.
Q - Do you need to be a resident or a citizen of the Netherlands Antilles to own property on St. Maarten ? A- No, You can maintain your present status regardless of which country you currently reside when purchasing a property on St. Maarten.
Q - Can you apply for residency and still keep your present citizenship? A- Yes, you can apply for residency on St. Maarten and still maintain your present citizenship.
There are two types of residency available.
a- Working resident, which allows you to derive income on the island. b- Non working resident, which allows to reside on St. Maarten, but it is not legal to hold a job. With this type of residency you must show the government your ability to derive income from abroad to support yourself and or family.
Q - How long can you stay on St. Maarten if you own property but are neither a resident nor citizen? A- You are allowed to stay 3 months on a tourist visa at which time you must leave the island for at least one day.
Q - Do you have to be at the closing to buy property? A- No, a simple Power of Attorney will suffice, matter of fact about 90% of our closing are done with one of the participants absent and about 50% of our closing with both participants absent.
Q - Do you need a lawyer or advisor when buying property? A- No, it is not necessary, the Civil Law Notary appointed by the Queen of Holland is the only person that can close or transfer a property. He is neutral and acts in behalf of both parties.
Q - Do you need title insurance? A- No, The Civil Law Notary is responsible to pass free and clear title. This is his responsibility and he is liable.
A title search is done at presentation of a contract to the notary's office and again at the time of closing.
Taxes Q - What taxes are applied to property owners? A- Your residency makes no difference, all income derived from properties on the island are subject to income tax. However, there are many deductions applicable from that income in maintaining the property.
There is no real estate or property taxes applied to properties on the Dutch side.
The Dutch side has no capital gains tax as well.
Our company highly recommends reviewing your individual situation with an island accountant and or tax attorney to insure that your investments have the optimal return.
Q - Is there good medical facilities and professionals on the island? A- Yes, St. Maarten has professionally trained doctors and nurses. The basic system is structured on a socialized medicine format.
The medical center is more than adequate, however, in cases of critical treatment patients are flown to either Puerto Rico or Miami by air ambulance.
Q - Is full coverage Insurance available on properties? A- Yes, there are a number of choices of quality insurance companies when insuring your property.
Education Q - Is there a good educational system available for children? A- Yes, St. Maarten offers three types of educational choices for students: Public, religious and private.
Students then apply for higher education either in Europe, Canada or the U.S. They usually have no problem in being accepted since the educational curriculum on St. Maarten is quite intensive.
Q - What language are lessons taught? A- Dutch is the official language and is the language of instruction in most all of the public and religious schools.
However, there are a couple of schools where English is the language of instruction. The private schools are based on the American & Canadian system and lessons are taught in English.
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