THE TOP 3 REASONS TO MOVE TO ST. MAARTEN
The following reasons should convince you that Sint Maarten should be on the top of your list if you are a US citizen considering starting a business, working, or retiring there. The team at BrightPath offers objective advice, reliable immigration and relocation services, as well as services throughout the English-speaking Caribbean to help you and your family relocate safely.
In order to make Sint Maarten an attractive relocation destination for US citizens, here are some important factors:
According to article 3 paragraph 1 subf. of the Dutch-American Friendship Treaty. Sint Maarten’s National Ordinance on Admission and Expulsion stipulates that Dutch citizens born outside the island (or the former Netherlands Antilles) can only be legally admitted if they meet two conditions – a Certificate of Conduct and adequate housing and means to provide for themselves.
Could you please explain what this means? Essentially, BrightPath can help you obtain legal residency if you are able to prove that you do not have a criminal background and that you have a sufficient verifiable amount of funds.
What are the benefits of this for US citizens? In accordance with the Dutch-American Friendship Treaty, US citizens born outside of Sint Maarten and/or the Former Netherlands Antilles enjoy the same rights as Dutch citizens born in Sint Maarten and/or The Former Netherlands Antilles
When you obtain residency, will your status as a US passport holder change? No, that’s not the case. It gives you the right to live, work, retire, and even start your own business on Sint Maarten while keeping your US passport.
2) Tax Benefits: There are no property taxes in Sint Maarten. In other words, you need not worry about paying property taxes on real estate purchased here. You won’t have to pay property taxes on this property. In addition, there are no taxes on goods or services, nor are there any capital gains taxes. There are no custom duties on imported goods, so you can import all your personal belongings for free.
3) Banking and Real Estate: Sint Maarten’s real estate sector is performing well, with property values held steady and in many cases, appreciating over time. Transacting in United States currency is widely practised in the Netherlands Antillean Florin (NAf), even though no licence is required for US bank accounts. In the immediate future, little to no change is expected in the banking system on the island, which is still supported by banks that are internationally recognized.