Why Buy in St. Martin?
Frequently Asked Questions

1. Do you need to be a resident or citizen of St Martin to own property?
No, you can maintain your current status regardless of which country you reside.

2. What taxes are we subject to?
Land tax and property tax are applicable on the French side although they are considerably lower than the U.S. taxes. All income derived from properties on the island are subject to income tax although all maintenance costs can be deducted. We suggest you discuss your individual situation with a local accountant or a tax attorney.

3. Is full coverage insurance available?
Yes, the cost approximately 1% of the value of the property insured.

4. Is local financing available?
Yes, local banks will generally finance up to 50% over 15 years for foreign investors.
Interest rates vary.

5. Do you need title insurance?
No, title search is automatic and at the time of closing the property title is free and clear, this is the Notary’s responsibility

6. Do you need a lawyer when purchasing a property?
No, it is not necessary as the Notary is neutral and represents both parties.

7. Do you have to be present at the closing?
No, power of attorney is sufficient.

8. What are the medical facilities like on St Martin?
We have well trained Doctors and nurses on both St martin and St Marten in severe or critical cases however, patients are taken by air to Puerto Rico USA or Guadeloupe.

9. How is Education on St martin?
There is a choice of schools both in the public and private sectors. Public schooling on the French side is in French but in the private sector it is often bilingual. Private education costs approximately $400 per month and the public sector is free.

10. Who will take care of the property while we are absent?
We will, we offer full management on all the properties we sell, see our management page.