incentives incentives incentives incentives incentives incentives incentives incentives incentives incentives incentives incentives incentives incentives incentives incentives incentives incentives incentives incentives THE GOVERNMENT OF ST. MAARTEN HAS CREATED A WIDE RANGE OF INCENTIVES TO incentives incentives incentives incentives ATTRACT INTERNATIONAL INVESTORS. incentives incentives incentives incentives incentives incentives incentives incentives • AX HOLIDAY incentives incentives incentives incentives incentives incentives incentives incentives incentives incentives incentives incentives incentives incentives incentives incentives incentives incentives incentives incentives LAND DEVELOPMENT incentives incentives incentives incentives • • incentives incentives incentives incentives • • incentives incentives incentives incentives • incentives incentives incentives incentives • THE SPECIFIC CONDITIONS THAT incentives incentives incentives incentives APPLY TO EACH AREA ARE: incentives incentives incentives incentives • HOTELS AND OTHER REST & incentives incentives incentives incentives RECREATIONAL ACCOMMODATIONS incentives incentives incentives incentives • • incentives incentives incentives incentives • incentives incentives incentives incentives
INCENTIVES
T
There must be a creation of permanent employment of
St.
Maarten
boasts
an
ideal climate for foreign
investment and investment services, offering
tax incentives for firms wishing to invest or
establish companies to process their investments
at least 5 persons.
The above mentioned conditions are cumulative; the tax exemption will only be honored if all the conditions have been met.
abroad. There are three areas of development that are
specified for which a Tax Holiday can be considered.
Hotels and other Rest & Recreational Accommodations Land Development Industrial
There must be a minimum investment of $1.100.000 excluding the value of the land; The land must be fallow;
The minimum size of the parcel of land must be 2.5 hectares;
A road and other infrastructural facilities such as plumbing, water and electricity must be installed;
The application for the tax exemption must be for the
exploitation of a hotel or other rest & recreational accommodation;
The company must stimulate economic activity in St. Maarten;
• The company mentioned above must be geared towards the enhancement of foreign visitors;
• The construction and primary furnishing should encompass an investment of at least $561.798;
• The company is expected to contribute to the broadening of the economic base of St. Maarten;
• There must be a minimum of 25 rooms with a surface space of at least 30 square meters each; 64
Real estate must be developed;
INVESTMENT GUIDE
• The company must stimulate employment in St. Maarten; • The company’s goal must be land development. These requirements are also cumulative.
INDUSTRIAL • There must be a minimum investment of $83.303.330; • The company is expected to contribute to the broadening of the economic base of the island; The Golden Book of Sint Maarten 11
