# St. Pierre & Miquelon

 Country code: PM

**Pros**
- Strategic tax autonomy allowing for specific local exemptions and lower corporate levies compared to mainland France.
- Exceptional public safety and low crime rates ensuring a secure environment for private property and assets.
- Direct access to North American markets while maintaining the stability of the French legal system.

**Cons**
- Significant administrative complexity and bureaucratic requirements inherent to the French centralized state model.
- High operational costs due to geographic isolation and heavy reliance on expensive maritime and air logistics.
- Limited local workforce and small market size restricting potential for rapid business scaling and expansion.

Long story short: Here, you pay the same taxes and drown in the same paperwork as in Paris, but for a market of 6,000 people stuck 25 km from Canada.

In return: zero corruption, an honest administration, solid infrastructure thanks to French subsidies, and a banking system as reliable as mainland France's.

Other than that: near total security, generous food between seafood and French tradition, wild windswept landscapes, but a cost of living that climbs fast with the isolation.

## Will your income be taxed?

Long story short: NO.
**Saint Pierre and Miquelon** doesn't tax personal income, and nobody comes sniffing around when you settle in. No withholding, no tax return, no centre-of-vital-interests trap waiting to snap shut.

Earn what you want: the taxman here simply doesn't know your name.

**01.1 Income tax**

| Metric | Value | Detail |
| --- | --- | --- |
| Personal income tax | NONE | no personal income tax framework |

**01.2 Tax residence test**

| Metric | Value | Detail |
| --- | --- | --- |
| 183-day rule | does not exist here |  |
| Economic interest | does not exist here |  |
| Family centre | does not exist here |  |
| Habitual abode | does not exist here |  |
| Extended-stay test | does not exist here |  |

## Will your wealth be taxed?

Long story short: NO.
**Saint Pierre and Miquelon** keeps its hands off what you hold. *No capital gains tax*, no annual wealth grab, no inheritance regime.

Your portfolio compounds in peace and leaves the way it came in; nobody's standing at the door with their palm out.

**02.1 Investment income**

| Metric | Value | Detail |
| --- | --- | --- |
| Capital gains | NONE | no capital gains regime |
| Dividend tax | NONE | no dividend tax |
| Interest income | NONE | no interest income tax |

**02.2 Wealth & estate**

| Metric | Value | Detail |
| --- | --- | --- |
| Wealth tax | NONE | no annual wealth tax · no real-estate wealth tax · no net-worth assessment |
| Inheritance system | NONE | no estate tax · no heir-based duties · no succession tax framework. Wealth transfers across heir-classes are not taxed in this jurisdiction. Only standard probate / registration fees may apply. |

**02.3 Crypto**

| Metric | Value | Detail |
| --- | --- | --- |
| Crypto · tax regime | UNREGULATED | Fallback rate: 19% · Saint Pierre and Miquelon (PM) is an overseas collectivity with tax autonomy and its own General Tax Code (Code Local des Impôts). It does not apply the French 30% Flat Tax (PFU) or the specific digital asset regime (Art 150 VH bis). Capital gains on securities (valeurs mobilières) and other movable assets are generally taxed at a flat rate of 19% for non-local assets. Professional trading is treated as business income and taxed under the local progressive income tax scale, which features a top marginal rate of 55% for income exceeding approximately €67,580. In the absence of specific legislation, crypto-to-crypto exchanges are treated as taxable barter transactions. |
| Crypto-to-crypto | TAXABLE | each swap counts as a disposal — gains realised at every trade |
| FATF travel rule | NOT SIGNED | no information-sharing obligation on VASP transfers |

## Easy to run a company there?

Long story short: YES, BUT EXPOSED.
**Saint Pierre and Miquelon** has *no corporate income tax* but stacks the two nastiest non-fiscal frictions: *criminal liability* for misuse of corporate assets (jail on the table for sloppy intra-company spending) and *public registries* (your name served up to anyone with a browser).

The sticker says zero; the exposure says otherwise, on every other axis.

**03.1 Rates**

| Metric | Value | Detail |
| --- | --- | --- |
| Corporate tax | NONE | no corporate income tax framework |
| VAT standard rate | NONE | no general VAT · no consumption tax framework |

**03.2 Regime & registry**

| Metric | Value | Detail |
| --- | --- | --- |
| IP Box · Patent Box | NONE | no IP regime · IP income taxed under standard corporate rules |
| Misuse of corporate assets | CRIMINAL | criminal liability · Article L241-3 of the French Commercial Code (Code de commerce) · As an overseas collectivity of France, Saint Pierre and Miquelon applies the French Commercial Code. Under the principle of the 'Autonomy of the Legal Entity,' the company's assets are distinct from those of the shareholder. Consequently, a sole director-shareholder can be held criminally liable for 'Abus de biens sociaux' (ABS) if they use company funds for personal expenses, regardless of the company's solvency or the shareholder's own consent, as the act is considered harmful to the company's own patrimony and the interests of potential third-party creditors. |
| Shareholders privacy | PUBLIC | Registre National des Entreprises (RNE) / INPI |
| Directors privacy | PUBLIC | Registre National des Entreprises (RNE) / INPI |

**03.3 Incorporation cost**

_In this country, the most standard company form is called Société à Responsabilité Limitée (Limited Liability Company). The costs below are for incorporating a company in its simplest form, for reference only._

| Metric | Value | Detail |
| --- | --- | --- |
| Government Registration Fees (RCS & RBE) | USD 70 |  |
| Mandatory Legal Publication (JAL) | USD 204 |  |
| Professional Incorporation Services (Legal/Accounting) | USD 1,390 |  |
| Capital Release Administrative Fee | USD 17 |  |
| Total | USD 1,681 |  |

## A good fit for a holding?

Long story short: NO.
**Saint Pierre and Miquelon** has no treaty network at all, which buries the holding question, full stop.

Every dividend in or out eats the statutory withholding at full rate, and no domestic regime can patch a hole that sits on the source side. Don't park a holding here.

**04.1 Substance & exemptions**

| Metric | Value | Detail |
| --- | --- | --- |
| Territorial · individuals | WORLDWIDE | worldwide income taxation regardless of source |
| Territorial · corporates | WORLDWIDE | worldwide corporate taxation |
| Participation exemption | 95% | 5% holding · 24 months min |
| CFC rules | NONE | no controlled foreign corporation regime · foreign-source corporate income out of scope |

**04.2 Withholding tax · non-resident**

| Metric | Value | Detail |
| --- | --- | --- |
| WHT · dividends | NONE | no withholding on outbound dividends |
| WHT · interest | NONE | no withholding on outbound interest |
| WHT · royalties | NONE | no withholding on outbound royalties |
| Tax-haven WHT | NONE | no punitive rate on record |

**04.3 Treaty network**

| Metric | Value | Detail |
| --- | --- | --- |
| Treaties signed | 0 | active |
| Treaties pending | — | in negotiation |

## Easy to come and go?

Long story short: SOME.
**Saint Pierre and Miquelon** taxes your worldwide income while you're resident, but at least the exit is free: *no exit tax* on the way out.

Leaving costs you paperwork, not money; your unrealised gains walk out the door with you, untouched.

**05.1 Exit & dual nationality**

| Metric | Value | Detail |
| --- | --- | --- |
| Exit tax | NONE | no triggers active · residence change tax-free · no deemed-disposal mechanism |
| Dual citizenship | FORBIDDEN | naturalisation requires renouncing existing citizenship |

**05.2 Citizenship paths**

| Metric | Value | Detail |
| --- | --- | --- |
| Residence | — | not available |
| Marriage | — | not available |
| Birth | — | not available |
| Descent | — | not available |
| Investment | — | not available |

## Is your money watched?

Long story short: NO.
Foreign tax offices see next to nothing of what you do in **Saint Pierre and Miquelon**: it has signed *few exchange frameworks*.

But the *corporate registries are public*: your shareholdings and directorships are one search away for anyone curious. Invisible from abroad, on display at home.

**Multilateral reporting frameworks — 0/9 active**

| Item | Status | Detail |
| --- | --- | --- |
| CRS | None | — |
| CARF | None | — |
| FATCA | None | — |
| MLI | None | — |
| BEPS | None | — |
| MAAC | None | — |
| GLOBAL FORUM | None | — |
| EOIR | None | — |
| CRYPTO TRAVEL RULE | None | — |

## Is it blacklisted?

Long story short: SOMEWHAT.
**Saint Pierre and Miquelon** is *flagged* by a few national tax administrations (drawn from FR/ES/PT/BR) and sits outside the FATF club.

The friction is selective: anti-abuse rules fire on specific corridors, and counterparties ask more questions than usual. Neither the FATF nor the EU has it on their lists, which keeps the damage contained: a nuisance, not a scarlet letter.

**Blacklist exposure — Listed by 2 authorities**

| Item | Status | Detail |
| --- | --- | --- |
| EMBARGO | Clear | un / us / eu sanctions |
| FATF | Clear | grey / black list |
| EU | Clear | non-cooperative list |
| FRANCE | Clear | ETNC list |
| SPAIN | Clear | tax-haven list |
| PORTUGAL | Listed | favourable regimes |
| BRAZIL | Listed | low-tax list |

## Do you feel free there?

Long story short:
Not enough data to tell how free you'd actually feel in **Saint Pierre and Miquelon**.

**08.1 Press freedom**

| Metric | Value | Detail |
| --- | --- | --- |
| Press freedom · RSF index | — |  |

Central bank digital currency

NONE

no announced CBDC program · no pilot · no retail or wholesale prototype on record

## Connected to the world?

Long story short: COMPLETELY CUT OFF.
**Saint Pierre and Miquelon** is unplugged from the global money grid: **2/11** of the services we track work here. No *Stripe*, no *Amazon*, and almost nothing around them either.

Whatever your plan is, the payment layer gets built from scratch, with local banks and local rules. Come for other reasons; connectivity isn't one of them.

**Accept payments — 1/6 available**

| Item | Status | Detail |
| --- | --- | --- |
| Stripe | Not available | card payments |
| PayPal | Not available | wallet payments |
| Adyen | Not available | enterprise psp |
| Mollie | Not available | eu payments |
| GoCardless | Not available | direct debit |
| Paddle | Available | merchant of record |

**Bank and move money — 1/3 available**

| Item | Status | Detail |
| --- | --- | --- |
| Wise | Available | multi-currency |
| Revolut | Not available | personal banking |
| Revolut Business | Not available | business banking |

**Buy and sell on Amazon — 0/2 available**

| Item | Status | Detail |
| --- | --- | --- |
| Amazon | Not available | consumer delivery |
| Amazon Seller | Not available | marketplace selling |

  SEE ALSO## Other jurisdictions worth comparing

Picked by similarity of strategic profile to St. Pierre & Miquelon. No editorial ranking — neighbours in the same scoring space.

  PROFILE-ADJACENT Same shape, comparable overall friction.

 [   St. Martin MF  → ](https://stateless.sx/en/country/mf) [   Gambia GM  → ](https://stateless.sx/en/country/gm) [   Côte d’Ivoire CI  → ](https://stateless.sx/en/country/ci)

  NOTABLY MORE FAVORABLE Same family of strategies, higher total score.

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  NOTABLY LESS FAVORABLE Same family of strategies, lower total score.

 [   Cuba CU  → ](https://stateless.sx/en/country/cu) [   Sudan SD  → ](https://stateless.sx/en/country/sd) [   Syria SY  → ](https://stateless.sx/en/country/sy)