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Page 3 of 5 Minister of Justice's declaration of No Objection. The residence permit is then simultaneously granted for directors, which is limited to the term of the work permit. However, non-national employees will only be granted work and residence permits if qualified employees can not be found locally.For some types of businesses an additional license is required: an operational license (example restaurant, hotel/guest house, casino, car rental) which covers mostly the safety considerations needed to be operational. Usually both the business and operational licenses are issued simultaneously. If not, one can not operate with a business license and no operational license if the latter is required. The request for this license must also be submitted to the Executive Council. Registration.
Once approved, the corporation is required to register the company and its employees with the Inspectorate of Taxes and the Social Security Bank. In addition, the corporation needs to register the company at the Chamber of Commerce. Annual Fees.
Chamber of Commerce: An annual fee ranging from Nafl. 150 to Nafl. 850 has to be paid in order to keep the business registered. This fee is dependent on the total outstanding capital. Business license extension fee is also required and is the same as the cost of the business license of the first year. (see section on registration of new businesses)
A business may be started and conducted in the form of: A) A Sole-Proprietorship B) A Limited Liability Corporation (NV). A) Sole-proprietorship. To start a sole-proprietorship the following steps are necessary. A letter directed to the Executive Council containing: Purpose of the business
Location of the business
The person(s) who want to conduct the business
The period the aforementioned person(s) residing on St. Maarten'
The address and telephone Number The letter will be submitted with the following:
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