Curaçao Business, Taxation and Offshore Information
Irreconcilable differences between the constituent islands led to a constitutional crisis erupting in the Netherlands Antilles in 2004. A joint commission appointed by the Netherlands and the local government concluded that the jurisdiction should be broken up, with the islands of Curaçao and St Maarten becoming autonomous alongside the Netherlands and the Caribbean island of Aruba, while the remaining three islands – Bonaire, Saba and St. Eustatius – were to be brought under the direct control of the Dutch government in The Hague.
The dismantlement of the Netherlands Antilles began in July 2007; as a jurisdiction within the Kingdom of the Netherlands it was dissolved on 10 October 2010. Two new territories, Curaçao and St. Maarten, came into existence. The other three islands, Bonaire, Saba and St. Eustatius became overseas municipalities of the Netherlands (known as ‘OMONs’). More »