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Frequently Asked Questions
Do I have to be a resident or do I need to obtain a special permit to purchase property in St. Maarten?
Anyone can purchase property on either side of the island. There are no special laws or restrictions that apply to foreigners who own property on St. Maarten I St. Martin.
What kind of deed will I get?
There are three types of deeds in St. Maarten :
1. Fee Simple
2. Government Long Lease
3. Private Long Lease
All deeds are transferred at an appointed notary, and registered at the Kadaster Office (Island registry)
What is the closing procedure and how much is closing cost?
Title is transferred through the office of an appointed Notary. All notaries on island are of legal backgrounds and they serve as a neutral party for the buyer and seller.
The Notary is responsible for making sure title is transferred free and clear.
Total closing cost is approximately 5% on Dutch side and ranges from 9 to 11% on the French Side (this includes all transfer fees, Notary cost and title search).
Do I have to be physically present on the island to buy and sell property?
No you can assign power of attorney for someone to sign on your behalf, this applies to both buyer and seller.
Still have a question?
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