There are many benefits to incorporating a business on Sint Maarten. Some of the benefits include personal asset protection, enhanced credibility, brand protection and deductible expenses.
However, incorporating a business costs money, some of the estimated costs (in USD) of incorporating a business in Sint Maarten are as follows:
- $3500 Service Fee
- $1500 – $3000 Notary Fees
- $1580 Licenses (1 business/ 1 director)
- $2000 Operational license (1), if applicable
- $142 Registration labor
In order to incorporate your business, you should have a minimum budget of $6,800 for one business and one director license. Depending on the type of business, such as a restaurant (or a coffeehouse), you may need an extra license (an operational license), which increases your costs by at least $2000.
If you wish to have more than one managing director, the costs will increase. Therefore, it is important to keep in mind what type of investment / company you wish to incorporate and the costs associated with each type of business.
It is advised to budget at least, an amount between $6,800 – $10,000, depending on the type of business being incorporated and the number of managing directors that are to be established.
BrightPath can assist you with your business incorporation in Sint Maarten. For more information on what licenses you may need, see our blog, What licenses do I need to open a business in St. Maarten?, http://brightpath.sx/en/what-licenses-do-i-need-to-open-a-business-in-st-maarten/.
Contact us today to find out more on the business incorporation option. Our first time consultation is free of charge. We are located at Puerta del Sol Building, Unit #17 in Simpson Bay or call us at +1721 526-2771 | firstname.lastname@example.org