Set Your Sights on Indigo Green
It’s a win-win for investors in this St. Maarten residential resort.
Everyone wants to attain paradise but often believe it’s an impossible dream. This is not the case if you set your sights on St. Maarten, says Rene Lepine, developer of the sought-after Indigo Green residential resort.
“When traveling abroad, people often ask me why we are developing a residential resort project in St. Maarten,” Lepine says. “The answers are easy. Everywhere in the Caribbean has extra delivery costs, but St. Maarten is the only completely duty-free island.”
Most island governments find it far easier to tax goods when they dock at their ports than to tax their residents’ income. Due to this, import duties that average anywhere from 25 percent to 100 percent can be encountered on almost all goods, from construction materials and furniture to automobiles.
Lepine adds, “Some islands actually tax automobile imports up to 165 percent. St. Maarten has no import duties on anything. As a foreign investor, that becomes a key decision factor.”
Investing on the Dutch side of the island is highly recommended for the simple reason of taxation. The Dutch side levies no property taxes whatsoever. Transfer taxes when you acquire property are only 4 percent, which is a fraction of what the French side (St. Martin) applies. There are no capital gains taxes on the Dutch side when you resell. “How good a deal is that?” says Lepine.
When investing in real estate on the Dutch side, an important plus is that all transaction documents are in English. The Civil Code applies to everyone, so notary protection benefits everyone on property transfers.
With the ease of investing being a major draw for selecting St. Maarten, Lepine sees putting down stakes for a vacation home or investment property in Indigo Green as a bonus one should not pass up.
Indigo Green is situated in Indigo Bay, the only new oceanfront gated community. It is the only master-planned community in St. Maarten to have deed restriction to protect the residential resort character of what is being planned.
Indigo Bay is centrally located, close to markets, restaurants and entertainment, and only minutes from the airport, Philipsburg and Marigot.
When designing Indigo Green, Lepine says the goal was to offer the best possible product in terms of a home away from home. “We chose not to cut corners for the sake of cost yet avoided trying to gild the units just for the sake of fashion. This brought us to build all poured-in-place concrete, hurricane-resistant, insulated, modern villas and condos with high ceilings and oversized windows. Then we surrounded them with multiple pools and a gym, all in a gated resort-style setting,” he points out.
Indigo Green is not an entry-level product, nor should one compare the residences with existing properties that were built before hurricane concerns and that have suffered decades of salt-air damage. To its merit, Indigo Green will not require the same level of maintenance.
Because of Indigo Green’s construction quality — proven by Hurricane Irma — Lepine says, easy financing in US dollars is offered via the Royal Bank of Canada (RBC) to qualified buyers with down payments as low as 35 percent.
For more information on Indigo Green, visit indigogreen.sx or call +1-721-543-7999 or +1-855-545-7999.
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