Located approximately 250 kilometres (160 mi) east of Puerto Rico and the nearer Virgin Islands, St. Barts lies immediately southeast of the islands of Saint Martin and Anguilla.
The economy of Saint Barthelemy is based upon high-end tourism and duty-free luxury commerce, serving visitors primarily from North America. The luxury hotels and villas host 70,000 visitors each year with another 130,000 arriving by boat. The relative isolation and high cost of living inhibits mass tourism. There are as many as 22 public beaches.
Area: 21 sq km
Buying property: Any person or entity can purchase on the island of St. Barthelemy
Property taxes & fees: Transfer taxes for properties that have been completed for a period exceeding 5 years, including Notaries’ statutory fees represents approximately 6.2% of the property price
Property taxes & fees: The Wealth Tax, income tax and 3% tax based on the value of real estate are due (the 3% tax is totally avoidable in the event of ownership through an SCI and the appropriate disclosures made).
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Labels: luxury villa, Saint Barthelemy, St Barths property, St Barths real estate, St Barths villa, St Barts