Curaçao: Types of Company
The NABV can be exempt from profits tax and withholding tax when it conforms to the following conditions:
- An application for a 0% tax rate needs to be filed with the tax inspector;
- The Board of Directors must consist of resident individuals or resident certified trust companies (the Ministry of Finance has yet to publish the regulations governing certification of trust companies);
- The purposes and activities of the BV should consist entirely or nearly so of lending and investment, or financial services, or other activities connected with these; but
- The BV should not be a bank or other body subject to the supervision of the Bank of Curaçao and Sint Maarten.