Curaçao: Country and Foreign Investment
This page was last updated on 20 August 2019.
International (offshore) business in take place in Willemstad on Curaçao; here the business and telecommunications infrastructure is good, but in other regions much less so.
There are no government restrictions on foreign-owned businesses in Curaçao, and inwards investment is encouraged. The strongest commercial links are with the Netherlands and the United States, and this is reflected in the available selection of local professional services and their personnel and skills. Likewise, there is a sophisticated financial structure in place which is based on a Netherlands model.
For anglo-saxon or non-European investors, the dominant role of the civil code in local business law must be carefully considered. While for those who are familiar with civil code jurisdictions, it offers a perfectly workable and effective business environment, others, especially non-Dutch-speaking others, may find it strange at best, or excessively slow, bureaucratic and expensive at worst.
The close connections between Curaçao and the Netherlands, and hence the EU, mean that the jurisdiction is comparatively 'leaky' as regards banking secrecy. Curaçao preserves a reasonable degree of financial secrecy, but it is not among the top players in this respect, and has been obliged to accept EU tax-related measures such as the Savings Tax Directive.