Buying Property In St Maarten | Century21-stmaarten

Category: Real Estate

Buying Property In St Maarten is easy and takes a few days if funds are ready! Once you have decided on the St Maarten property you are buying we follow these steps to Transfer the Title in your name or company or Foundation. It begins with an Offer to Purchase, which is simply an official way of negotiating your price and terms. This is a flexible agreement. Once both parties have agreed on terms, a 10% deposit is transferred to the Notary’s Escrow account or a Century21 holding account. A Sales & Purchase Agreement is signed in tandem. The Notary will then check the title of the property and confirm the legitimacy of ownership. You will be required to provide an ID and complete a simple Source Of Funds declaration. Once the Notary confirms all documents and Property Title is ‘clean’; you transfer the remaining 90%. The Notary will inform the Kadaster (Land Registry) to transfer the title to your name. There is a Transfer Tax of 4% to be paid at closing and Notary fees are between 1% to 2%. There are No Property Taxes and No Capital Gains Tax in Dutch Sint Maarten.