Sint Maarten is a constituent country of the Kingdom of the Netherlands. This island country is located on the island of Saint Martin in Caribbean. It joins the island with northern French part of Saint Martin. Like many of its neighbors and other island countries, Sint Maarten is also providing special incentives and facilities for formation of offshore companies. Such companies are known as St. Maarten Limited Liability Company (B.V.).
Sint Maarten has world’s 15th largest GDP (PPP) per capita. It is three times high as compared to its northern neighbor. It is estimated that offshore companies are playing important role in this economic stability of the country.
Few of very important benefits to such companies in Sint Maarten are following:
- 100% shares in B.V. can be owned by foreigners
- There are 0% taxes on passive business activities. Application for tax exemptions must be filed with tax inspector before or within 3 months of incorporation
- Shareholders can be citizens of any country and can reside anywhere in the world
- Board of directors can also be citizens of any country with permission to reside anywhere in the world. Separate board of directors is not mandatory and these positions can be taken by shareholders
- Complete privacy and confidentiality is guaranteed. Names of shareholders are not included in any public records. The register of shareholders is also not available to the public
- Shareholders are required to conduct annual meetings. But these meetings can be held at any part of the world
- English is 2nd official language in the country. It is used in all legal and company documents
- The incorporation process of B.V. is simple and quick. Very few documents are required and it usually takes one to two working days for incorporation of such companies
- There is no minimum share capital required to open a B.V. in Sint Maarten
- Shelf companies are also available in Sint Maarten for quick incorporation of B.V
- One can also purchase older offshore companies
These are few of the several important benefits available to foreign investors for setting up B.V. in Sint Maarten. Political and economic stability is also playing its part in attracting foreign investment here. For further details and assistance about the possibilities of forming offshore company in Sint Maarten, you can contact DOCS Consultancy. We are available to our clients via our WhatsApp # 971-56-9971225 and email address [email protected]