Saint Martin residence

[JohnnyDoe]

Anyone has information on the benefits (if any) of personal residence in St. Martin (the French part of the island)?
Is there any rule or method that allows to avoid taxation on foreign income? Or is it just like France?

 

[JohnnyDoe]

I’m pulling up this hoping that someone is interested. St Martin is a really nice place!
St. Barts too.
It’s Europe but not Europe, without import taxes, which might compensate a few other taxes. If you live in a country where you pay 100%+ duties on certain imported goods you know what I mean.

Ps CHÂTEAU DES PALMIERS this is the kind of real estate you can find there

 

[Golden Fleece]

Ps CHÂTEAU DES PALMIERS this is the kind of real estate you can find there

Damn, that looks like the sterile hell that I always try to avoid whenever I travel. I have never been on a cruise ship for the same reason. Nor would I ever live in a gated community. I enjoy the AirBNB experience.

I like to immerse myself in the local culture, but I understand that some people might like that atmosphere.

 

[celizo]

I know quite well these part of caribbean islands (lived there some years).

St Barth: 100% tax heaven, 100% safe (you can keep your keys on your car), expensive, very tiny.

SXM french part: some tax advantages comparing to France. Cheaper than dutch part.

French islands have the advantage of the access to french banking system.

SXM dutch part: not seen any tax advantages (high taxes). few banks.

SXM in general: only 100 km2, high criminality, low services.

Anguilla: 100% tax heaven. rasta lifestyle. very low services and activities.

 

[JohnnyDoe]

Anyone knows why Trump decided to build that villa in St. Martin?

 

[khinkali]

Anyone knows why Trump decided to build that villa in St. Martin?

I have no idea, but...

topless sun bathing is frequently seen. Some tourists come to Sint Maarten / Saint-Martin because there are clothing optional beaches & resorts on the island

https://wikitravel.org/en/Saint_Martin

 

[JohnnyDoe]

I have no idea, but...


https://wikitravel.org/en/Saint_Martin

This is a good thing but I’m pretty sure that’s not the reason. there must have been a solid financial/tax reason for the Donald to build that monstrosity.

 

[369]

Can't say about Trump but BUSH bought 40k ha in Paraguay Chaco .
Also Trump invested there in 2013

 

[JohnnyDoe]

Can't say about Trump but BUSH bought 40k ha in Paraguay Chaco .
Also Trump invested there in 2013

Trump invests in many places, he setup a nice op in the Dominican Republic where hundreds of investors joined with not excellent results (for them)…
But St. Martin is too small of a place to make money, and not with that villa.

 

[Nomader]

I know quite well these part of caribbean islands (lived there some years).

St Barth: 100% tax heaven, 100% safe (you can keep your keys on your car), expensive, very tiny.

SXM french part: some tax advantages comparing to France. Cheaper than dutch part.

French islands have the advantage of the access to french banking system.

SXM dutch part: not seen any tax advantages (high taxes). few banks.

SXM in general: only 100 km2, high criminality, low services.

Anguilla: 100% tax heaven. rasta lifestyle. very low services and activities.

Don't you need to have lived there for 5 years for tax benefits? I think the first 5 years you are taxed like in France.

 

[celizo]

In St-Barth and SXM (french), yes, if you come from France. You remain french tax resident during 5 years.

 

[uplana]

Ps CHÂTEAU DES PALMIERS this is the kind of real estate you can find there

I would have no doubts for a 3 weeks vacation.

 

[Konstanz]

In St-Barth and SXM (french), yes, if you come from France. You remain french tax resident during 5 years.

If you are not French and not from France and come to live in Saint Barth (for example you are from Germany) so what country resident you are during these 5 years then?

 

[celizo]

I think it's a law applicable only for french tax resident from the metropole.

In practice, all the french people I knew in SXM, paid their taxes immediately without waiting these 5 years. but it was a few years ago, maybe that has changed.