Purchasing property in Saint Martin, while possible, can be a complicated process. France is part of the European Community so those rules and regulations apply. Because of these additional processes, principally applying for permission and clearance to reside in France apply. This includes annual living taxes and real estate taxes. We recommend that foreign investors do so through a private real estate holding company, Societe Civile Immobiliere. This will make the estate secure. This process normally takes about three months but can run concurrently with the purchasing procedures. It includes full background, economic and citizenship checks, registration with the Government, health checks and proof of income if you are planning to live and retire to French territory.
It is strongly advised that a local attorney is engaged as part of any property purchased.
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