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| Access to EU Market | Deep Water Ports | Education | |
| Multilingual Workforce | Culture & Sophistication | Sophisticated Tourism | |
| Sophisticated Financial Sector | Recreation & Entertainment | Geo Cultural Advantages | |
| Safe Friendly and Quality of Life | Business Center | Proximity to Latin America | |
| Hato International Airport | Dutch Legal System | Favorable Tax Treatie |
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| Sophisticated Financial Sector | |
Curaçao has been recognized for decades
as a leading international financial center for international transactions
and international offshore financial corporations. As a result of
focused and large scale investments, the island built the highly efficient
and sophisticated infrastructure required to support the needs of
legal, accounting and financial services practitioners. State-of the-art
telecommunication facilities, the availability of multi-lingual staffs
and regular airline connections to Europe, Latin America and the United
States all combine to make Curaçao the most desirable and suitable
business location in the Caribbean. The very
low levels of corporate income taxes which are applicable to various
types of financial "offshore" corporations are tailored
to accommodate any specific needs. The fact that in Curaçao
based international corporations are taxed on their worldwide income
has the benefit that in many countries corporate shareholders can
receive the dividend income distributed by the Curaçao corporation
at preferred tax rates in their home country. Constituting a part of the Kingdom of the Netherlands implies that in Curaçao based international corporations can make use of the "Tax Agreement for the Kingdom". Under certain circumstances this can lead to interesting international tax savings opportunities. There is also a tax treaty with Norway. Curaçao's banks, trust offices and other financial institutions have the resources and technical capabilities to accommodate almost all requirements of its international clientele. The financial system is supervised by the Central Bank of the Netherlands Antilles in an environment of confidentiality, while ensuring security and stability. Legislation is based on the Civil-law system and is rooted in the Netherlands and other EC countries. Legal disputes may be ultimately appealed to the Supreme Court in The Hague. The financial sector endorses the efforts which are undertaken by most industrialized countries to prevent the financial system from being abused for criminal purposes. The financial sector of Curaçao has adopted the Statement of Principles recommended in 1988 by the International Committee of Banking Regulations and Supervisory Practices (The Basle Committee). In the footsteps of other industrialized countries the Parliament of the Netherlands Antilles is preparing legislation requiring banks and financial institutions to report "unusual" transactions by their customers to a specially created, independent reporting office which will be forming part of the Ministry of Finance. Also legislation is expected, obligating banks to determine the full identity of a client prior to entering into a client relationship. |
