St. Maarten property offer as many varieties as those found on the Dutch side of the island. Like St. Maarten, St. Martin presents many options to choose from, not only on the level of real estate, but entertainment likewise.
Vibrant tourism in St. Martin/St. Maarten has led real estate to be directed towards the development of luxury villas, condominiums, hotels, resorts, commercial areas, yacht and beach clubs and casinos by many French and foreign nationals who come to the island to invest in business or to settle. It is quite common for Americans and other foreign nationals to fall in love with St. Martin and to seek to invest in property in St. Martin. If not building a place to live, investing in vacation rentals from available St. Martin properties is viable because of the large number of tourists and businessmen that travel to St. Martin in a regular basis.
Properties in St. Martin are gifted with beautiful views, especially depending on where they are located. Beachfront properties St. Martin are sometimes part of hotels and resorts, whilst private individuals invest in villas and condos as well along beaches to ensure that visitors can enjoy the beautiful views and white sand beach of St. Martin while on vacation. Some families also invest in beachfront properties so that they may retreat on weekends or certain times during the month from their usual place of residence in the town or other commercial area.
St. Martin/St. Maarten properties can be purchased under the name of an offshore company which will be the beneficial owner. This is one of the strategies that can be used by international investors who wish to invest in St. Maarten/St. Martin without tying these assets with personal ones. If owned by the offshore company, the St. Martin/St. Maarten property becomes the property of the company and offshore banking services and products can be used for managing transactions involving the St. Maarten properties owned by the company. Properties such as hotels and resorts with websites on which payments can be made in different currencies for accommodation can benefit from offshore banking merchant account services for receiving payments. A corporate account owned by the St. Martin/St. Maarten properties can be used for making payments and general transactions, while an investment account for the St. Martin/St. Maarten property can serve to make invest overseas in securities in markets internationally. There are many advantages to owing a St. Martin/St. Maarten property on an offshore company’s name, including exemption on a number of taxes and asset protection.
For settling on the island, purchasing a property in St. Martin/St. Maarten may be more economical than entering an arrangement for St. Martin/St. Maarten property on lease or rent.
The formalities and procedures for the sale and lease of St. Martin properties are taken care of by notary publics who operate under the French legal system. It is rather easy for nationals from Guadeloupe, Martinique and other French territories wishing to reside in St. Martin or to own a home there to invest in St. Maarten property.