The NV was the most common legal vehicle in St. Maarten until the introduction of the BV in 1999. The BV and NV share many characteristics. A legal business entity may be established and owned by one or more shareholders, which may be either, legal entities, or individuals, residents or non-residents. Incorporation is achieved by a notary deed; amendment of the articles of association also requires such a deed. For non-residents it is possible to incorporate a company by proxy. A company must be registered with the Chamber of Commerce. A company must be registered with the Chamber of Commerce and the legal business entity can own property in its own name, is allowed to contract in its own name and can sue and be sued.

Sint Maarten Public Liability Company Key Features

  1. A legal business entity must have at least one managing director, which can be another entity or a private person.
  2. At least one managing director must be domiciled in St. Maarten.
  3. Under certain circumstances it suffices to have a local representative.
  4. The power and authority of the managing director(s) are determined by law and the articles of association.
  5. Supervisory directors must be private persons.

Sint Maarten Public Liability Company Legal Requirements

Sint Maarten Public Liability Company

Corporate Details

General

  • Registered Office in Sint Maarten

Yes

Share capital or equivalent

  • Standard currency

USD

  • Permitted currencies

Any

  • Minimum paid up

No minimum

Directors | Officers | Partners

  • Minimum number

1

  • Location of meetings

No

  • Corporate directorship allowed

No

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

Yes

Other

  • Requirement to file annual return

Yes

  • Migration of domicile permitted

Yes

Sint Maarten Public Liability Company Tax Treatment

  1. Public Liability Company is taxed at corporate income tax rates of 2.4% to 3%.
  2. Withholding taxes are not imposed on remittances of profits by branches to their foreign head offices and Sint Maarten

Sint Maarten Public Liability Company Duration for Set up

Around 2 Weeks

Sint Maarten Public Liability Company Distinctive Benefits

  • Low tax regimes of between 2.4% to 3%
  • No minimum paid up capital requirements
  • Favorable regulatory regimes

The Valsen Advantage

  1. End to end comprehensive service
  2. Speedy and efficient service
  3. Expert advice on structuring options
  4. Dedicated ongoing compliance support
  5. Extensive network pool of service providers

Sint Maarten Offering