St. Pierre & Miquelon

Last update: 2026-06-02
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.
Personal income
NONE
Corporate
NONE
Capital gains
NONE
VAT (standard)
NONE
i 2.2 VERY LOW TAX
i 2 CRYPTO HAVEN
i 2 PRIVACY GRADE
i 1.8 HOLDING
i 1.8 DIVIDEND PIPELINE
i 0.9 EASY CITIZENSHIP
VERYLOW TAX 2.2/10 HOLDING 1.8/10 DIVIDENDPIPELINE 1.8/10 CRYPTOHAVEN 2/10 PRIVACYGRADE 2/10 EASYCITIZENSHIP 0.9/10
01/08

Will St. Pierre & Miquelon tax what you earn?

income tax tax residency territorial system

NO. St. Pierre & Miquelon doesn't tax personal income, and doesn't reach for you when you settle. No withholding, no return, no centre-of-vital-interests test waiting to trip. Salary is a non-event here, both in the rate and in the paperwork.

Personal income taxi
NONE
no personal income tax framework
Income simulatori
N/A
no income tax framework — nothing to simulate
Tax residence testi
N/A
no formal tax residency test · matters mainly for citizenship / immigration tracks
02/08

Will St. Pierre & Miquelon tax what you own?

capital gains wealth tax inheritance dividends interest

NO. St. Pierre & Miquelon doesn't tax what you hold. No capital gains, no annual wealth assessment, no inheritance regime. The value sitting in your portfolio compounds untouched, and leaves it the same way it arrived.

Capital gainsi
NONE
no capital gains regime
Dividend taxi
NONE
no dividend tax
Interest incomei
NONE
no interest income tax
Wealth taxi
NONE
no annual wealth tax · no real-estate wealth tax · no net-worth assessment
Crypto · tax regimei
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-cryptoi
TAXABLE
each swap counts as a disposal — gains realised at every trade
FATF travel rulei
NOT SIGNED
no information-sharing obligation on VASP transfers
Inheritance systemi
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.
03/08

Is it easy to run a company in St. Pierre & Miquelon?

corporate tax criminal liability public registry VAT IP box

YES. St. Pierre & Miquelon has no corporate income tax but stacks the two harshest non-fiscal frictions: criminal liability for misuse of corporate assets (jail risk on intra-company spending) and public registries (your name visible to anyone with a browser). Zero-tax headline; non-zero exposure on every other axis.

Corporate taxi
NONE
no corporate income tax framework
IP Box · Patent Boxi
NONE
no IP regime · IP income taxed under standard corporate rules
Misuse of corporate assetsi
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 privacyi
PUBLIC
Registre National des Entreprises (RNE) / INPI
Directors privacyi
PUBLIC
Registre National des Entreprises (RNE) / INPI
Incorporation costi
Limited Liability Company
Société à Responsabilité Limitée
Government Registration Fees (RCS & RBE) USD 69
Mandatory Legal Publication (JAL) USD 204
Professional Incorporation Services (Legal/Accounting) USD 1,388
Capital Release Administrative Fee USD 17
Total USD 1,678
VAT standard ratei
NONE
no general VAT · no consumption tax framework
04/08

Is St. Pierre & Miquelon good for your holding company?

treaty network participation exemption withholding

NO. St. Pierre & Miquelon doesn't carry a treaty network, which makes it unsuitable as a holding jurisdiction. Any dividend flowing in or out faces full statutory withholding, and no domestic participation exemption can compensate for missing relief on the source side.

Territorial systemi
Individuals
WORLDWIDE
Corporates
WORLDWIDE
Individuals: worldwide income taxation regardless of source. Corporates: worldwide.
Participation exemptioni
95%
5% holding · 24 months min
CFC rulesi
NONE
no controlled foreign corporation regime · foreign-source corporate income out of scope
WHT · dividendsi
no withholding on outbound dividends
WHT · interest
no withholding on outbound interest
WHT · royalties
no withholding on outbound royalties
Tax-haven WHT
no punitive rate on record
Treaties signedi
0
active
Treaties pending
in negotiation
Tax treaty networki
origin · PM 0% > 0% no treaty
Inspect a country
Hover any country on the map to read its withholding-tax treaty with PM.
Country Status Dividends Interest Royalties
// no treaties match
05/08

What does it cost to come and go from St. Pierre & Miquelon?

exit tax territorial system dual citizenship

SOME. St. Pierre & Miquelon taxes worldwide income while you're resident, but there's no exit tax on the way out. The cost of leaving is mostly paperwork: unrealised gains follow you to the next jurisdiction untouched.

Exit taxi
NONE
no triggers active · residence change tax-free · no deemed-disposal mechanism
Dual citizenship
FORBIDDEN
naturalisation requires renouncing existing citizenship
Citizenship paths
Residence
Marriage
Birth
Descent
Investment
06/08

Will St. Pierre & Miquelon protect your privacy?

info exchange corporate registries

YES. St. Pierre & Miquelon has signed few exchange frameworks, so foreign tax authorities won't routinely see what you do here. But corporate registries are public: ownership and directorships are queryable by anyone with a browser. Privacy from abroad, transparency at home.

Multilateral reporting frameworks 0/10 active
CRS
CARF
FATCA
MLI
BEPS
MAAC
GLOBAL FORUM
EOIR
CRYPTO-CARF
CRYPTO TRAVEL RULE
07/08

Is St. Pierre & Miquelon itself a liability?

blacklists FATF standing

SOMEWHAT. St. Pierre & Miquelon is flagged by one or two national tax authorities and sits outside FATF membership. Selective friction: anti-abuse rules trigger on transactions in specific corridors, and counterparties tend to ask more questions.

Blacklist exposure Listed by 2 authorities
FATF
grey / black list
EU
non-cooperative list
FRANCE
ETNC list
SPAIN
tax-haven list
PORTUGAL
favourable regimes
BRAZIL
low-tax list
08/08

Will you feel free in St. Pierre & Miquelon?

press freedom crypto CBDC EU

Not enough data to assess civil liberties and financial freedom in St. Pierre & Miquelon.

Press freedom · RSF indexi
Central bank digital currencyi
NONE
no announced CBDC program · no pilot · no retail or wholesale prototype on record
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.
NOTABLY MORE FAVORABLE Same family of strategies, higher total score.
NOTABLY LESS FAVORABLE Same family of strategies, lower total score.