Why you should invest in St. Maarten
When deciding on a potential place to invest, many questions arise in our mind. We want to make the most of our money and ensure that our return on investment is worth all the effort we are about to make.
Here are BrightPath’s FIVE TOP and REAL reasons why one should invest in St. Maarten:
- No fixed controls on foreign exchange
Foreign exchange controls are various forms of controls imposed by the government on the purchase/sale of foreign currencies by residents or on the purchase/sale of local currency by nonresidents.On St. Maarten, there is no governmental fixed control on USD and Euro commercial bank accounts, this makes St. Maarten a great place to invest your money. The Netherlands Antillean Guilder (NAF) is the official currency of the Dutch side and the US Dollar is commonly used and accepted island-wide. The euro is the official currency of the French side and is often accepted on the Dutch side of the island.
- Duty free on imports
St. Maarten has zero customs duties on imported or exported goods, so you can easily import or export your products or bring your personal belongings, such as your car, boat, furniture, etc.
- No property tax
- High standard of living
The standard of living in St. Maarten is relatively high in comparison to other neighboring islands. One will find that liquor and entertainment are significantly more affordable when compared to other countries; Groceries are easily accessible and widely available throughout the island, with a variety of European and North American products to select from.
St. Maarten is a tiny island that can boast a very diverse and multicultural society. With 100 nationalities from all over the world, you will find that on a daily basis, you can meet anyone from anywhere. The official language on the island is English and Dutch, and on the French part of the island, French. However, throughout the Dutch side of the island, you will discover that many people speak different languages, such as Spanish, Mandarin, Hindi, and more.
In summary, regardless of your country of origin, once you meet the monetary requirements and immigration criteria to invest in St. Maarten, you will find that you have done so in a multicultural melting pot.
April 23, 2018 : https://en.wikipedia.org/wiki/Foreign_exchange_controls
April 23, 2018: page 2 http://www.sintmaartengov.org/Policy%20and%20Reports/Investment%20Guide.pdf
For BrightPath to render its services it is of the utmost importance that all requested documents must be of good quality and delivered to BrightPath in a timely manner. All documents not in the English or Dutch language (such as a police record, birth certificate or marriage certificate) are to be translated into English by a certified translator and all translations must be legalized. Any costs involved with translation are for the account of the client. BrightPath will not translate documents submitted by the client.
Failure to provide required document and/or to adhere to rules set by the relevant authorities, such as waiting for an immigration procedure outside Sint Maarten, is cause for termination of the Engagement.