PHILIPSBURG - Sint Maarten will receive 800,000 Caribbean guilders to support crucial reforms to strengthen the business and investment climate. The subsidy was awarded through the Temporary Work Organization (TWO) and is part of the reforms in the Sint Maarten Country Package to improve the business climate in Sint Maarten. The subsidy makes it possible to finance a number of strategic initiatives. All of these initiatives are aimed at making entrepreneurship easier.
Digitization and centralization of permit procedures
Improving Financing Structures for Small and Medium Enterprises (SMEs)
Digitizing the Chamber of Commerce Registration Process
Establishment of an Investment Promotion Agency (IPA) and an Entrepreneurship Program
“Supporting these reforms demonstrates our commitment to the structural improvement of Sint Maarten’s business climate,” said Leona Romeo, TWO Liaison Sint Maarten. \"By investing in these targeted initiatives, we help create the conditions needed to allow local businesses to flourish and to attract foreign investment to the island more easily.\"
