Penshonado arrangement

The penshonado arrangement offers retired Sint Maarten’ citizens several tax benefits such as pension and dividend. To qualify for this arrangement there are a few conditions:

The penshonado arrangement can provide tax benefits for foreign income. It entails that subject to certain conditions, income from abroad (foreign) can be taxed at a rate of 5% or 10%. The penshonado arrangement also provides the option to tax a lump sum of income from abroad of ANG 150.000 or ANG 500.000 at the regular rate, regardless of the actual foreign income received. The penshonado arrangement applies to a foreigner over the age of 50 who moves to Sint Maarten and earns income from abroad. In addition, the following conditions must be met:

  • You must have lived outside of Sint Maarten for at least 60 consecutive months.
  • Must be at least 50 years old upon registration.
  • You must register for the Penshonado arrangement within 2 months after being a resident of Sint Maarten.
  • You must own a home for your own personal use, with a value of at least ANG. 450,000,- and reside in that home within 18 months after registration in the civil registry of Sint Maarten.

This is not a complete list of all legal requirements to qualify for the Penshonado arrangement.

If you have anyquestions left or want to know whether you are eligible for this penshonado arrangement, please contact the Tax Administration via email or phone: get in contact.