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Things to Know About the Business for Takeover Sint Maarten
The terms ‘Saint Martin’ and ‘Sint Marteen’ confuse a lot of people. Well, first, Saint Martin itself is an 87 square kilometers island in the northern Caribbean Sea. It has two territories. One of them is of France and the another of Netherlands. The French part is usually referred to the name of the island itself, while ‘Sint Marteen,’ which we are about to discuss, is of Netherlands.
Sint Marteen covers a total area of 53 square kilometers and is home to about 8500 people. It is the Dutch part of Saint Martin, and Philipsburg is the capital. This part of the island uses the Netherlands Antillean guilder, as opposed to the Euro in Saint Martin.
Tourism is the primary industry in Sint Maarten. Additionally, as this part of the territory has the major airport, casinos, and cruise ship facilities, its economy is stronger than of the French counterpart. Also, the Dutch government has been putting more efforts to increase the FDI in the island, which is a plus point. Well, the territory also makes money from Agriculture, and sugar is the main export.
Despite the tropical glamor, there are some downsides to doing business in Sint Maarten. First, the island is geographically isolated (even if there are good IT infrastructures) and there isn’t a lot of reach if you wish to target local customers. Moreover, the climate can be a challenge; in 2017, the Irma Hurricane caused destructions worth three billion dollars in Saint Martin.
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