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Curaçao: Country and Foreign Investment

Business Environment

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 of Curaçao with its 'parent' country, and the EU, mean that the jurisdiction is comparatively 'leaky' as regards banking secrecy. Curaçao preserves a reasonable degree of fiscal secrecy, but it is not among the top players in this respect, and the jurisdiction was obliged to accept the EU Savings Tax Directive from 2005.

 

 

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