The currency is the Netherlands Antillean guilder which is fixed against the US dollar at USD1 = ANG1.79. It had been planned to introduce the Caribbean Guilder for Curaçao and Sint Maarten at the same time that the Netherlands Antilles were dissolved. However, the timetable for the switchover has slipped many times, and there is no fixed date for when it will take place. The economy is largely based on tourism, petroleum processing/trans-shipment and offshore finance. There are no government restrictions on foreign-owned businesses in Curaçao, and inwards investment is encouraged. The business environment is fairly sophisticated and there is a good telecommunications infrastructure. Curacao is phasing out its offshore tax regime, but fiscal incentives are available to foreign investors, and there a number of Free Zones, including an ‘E-Zone,’ within which profits are taxed at 2%.
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COUNTRY:
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CURACAO
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Region:
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Caribbean, Americas |
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Currency:
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Netherlands Antillean Guilder (ANG) (f) |
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Languages:
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Dutch, Papiamento |
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Time Zone:
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UTC -4
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Phone Code:
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+599
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Communications:
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Good
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Formation Cost:
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900 - 2100 USD$
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Formation Time:
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7 - 14 days
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Maintenance cost:
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100 - 300 USD$
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Suitable for:
- Shipping
- Intellectual Property/Licensing
- Holding Companies
- E-commerce
- E-gaming
- Property Ownership
- Wealth Management
Vehicle Types:
- Limited liability companies
- exempt corporations
- foundations
- general partnerships and limited partnerships
Good Relationships:
Aruba, Brazil, China, India, Netherlands, Norway, Panama, Sint Maarten
Bad Relationships:
Burma, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria
Tax Burden - Business:
Moderate
Tax Burden - Individual:
Heavy
Headline tax rates:
CIT 34.5%, PIT 13%-49.4%, VAT 5%
Treaty Jurisdictions:
Aruba, Netherlands, Norway, Sint Maarten
TIEA Jurisdictions:
Antigua and Barbuda, Argentina, Australia, Bermuda, British Virgin Islands, Canada, Cayman Islands, Colombia, Curacao, Denmark, Faroe Islands, Finland, France, Greenland, Iceland, Mexico, New Zealand, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Spain, Sweden, United Kingdom, United States
