St. Maarten Residency by Investment – 5 Things you must know before you make the move
By BrightPath Caribbean
Feb 16, 2022
Despite the horrific hurricane in 2017 and the ongoing pandemic that has had a socio-economic impact on a global scale, St Maarten remains an attractive destination for investors and tourists alike. If you are considering leaving everything behind and immigrating to St. Maarten’s, here are five valuable tips to consider before making the move.
Rent or Buy a Property?
Relocating will inevitably involve a property transaction. Our affiliate Bright Future Realty can offer you options to suit by neighborhood, budget, and lifestyle.
For people seeking residency by investment, at BrightPath we often recommend obtaining residency first and then purchasing a property. This often makes the transition more stable and opens up banking options more readily for most prospective buyers. However, if you find a great deal on a property (click here for an exclusive property on discounted sale), our partners at BrightFuture Realty can support you in your real estate ventures.
Rely on Reputation and Experience
Advice, structure, and execution related to immigration services is a highly specialized field. Rely on experts with verifiable experience and reputation. At BrightPath, we can provide you with dedicated advice, as well as added services such as obtaining required documents, apostilles, and legalizations from your country of origin. This way, your documentation is acquired in the right manner and with no added effort on your part – easy and hassle-free.
With the most experienced team in the local immigration services market, a regional network throughout the Caribbean, and relationships for document services within USA and Canada, trust BrightPath for your immigration needs.
Retirement or Self-Employment? What Suits you Best?
Early retirement by way of immigration is possible for everyone as currently there is no age limit. However, tax advisors will remind you that for tax purposes, the minimum age for retirement benefits is 50 years. So, what does this mean for you?
Before making the move, define your intended lifestyle whether it’s semi or full retirement or a new business venture altogether. We can support your immigration, business set-up, or banking services depending on what your plans are in the next stage of life.
Consult with your Tax Attorney
Cross-border taxes can become a costly (if not, messy) mistake to clean up if you don’t get your researched and verified facts in line before executing a plan. We recommend a paid, tailored consultation with an independent tax attorney.
There are several knowledgeable and experienced tax professionals to choose from that will take various factors into consideration before helping you devise a plan. Some of the key factors to consider include recommended tax and corporate structure to support your current asset base and manage your tax exposure.
Remember to Enjoy Life!
With the right support from dedicated professionals and help from experienced immigration consultancy, you can begin a new chapter of your life in St. Maarten’s immediately. If you want to know more about starting a business or moving to St. Maarten, schedule a free Zoom consultation today with BrightPath Caribbean.