Real estate transactions on French St. Martin fall within the European system of title registry where a Notaire (Notary) acts on behalf of both parties assuring clear title transfer. The Notaire will prepare the final deed and obtain all relevant searches relating to the property's history. Through an investigation of personal and/or corporate identification, the Notaire will confim that each party has full capacity or the right either to sell or purchase property. Since the Notaire is responsible, by law, to both parties and is obligated to act in accordance with the best interests of each party, a personal attorney is not generally necessary.

Other considerations:

Land lease and fee simple deeds are available.

Approximately 8% transfer fees; which includes Notary and land transfer taxes.

Annual property taxes are applicable

Property sales are subject to a 33 1/2% capital gains tax unless held long term.

Purchases can be made in offshore companies, however, there are restrictions.

Land speculation is limited as construction must take place within certain time frames.

Obtaining building permits and negotiating zoning laws require some local knowledge.

Important Note: Although French St Martin is a Euro based economy, US dollar denominated property offers are widely accepted