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| System of Goverment | Privatization | Investment Incentives | |
| Legislative / Labor Laws | Tariffs and Treaties | ||
| Tax Structure | Economic Free Zones |
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| Investment Incentives | |
| The Curaçao Government encourages and welcomes
foreign investments and investors and provides a range of incentives
aimed at developing the island and promoting it as a business center. Companies operating in certain industries may qualify for the following incentives:  Exemption of
import duties and economic levies on materials, on goods required
for construction, on initial equipment- including expansion- of the
enterprise' premises, and on packaging materials, on machinery, raw
materials, semi-manufactured articles and accessory means, necessary
for the industrial purposes. Exemption of
land and occupancy tax for a period of 10 years 2% corporate
income tax- including all charges- on all profits induced by export.
Exemption of
personal income tax on income earned from dividends and other distributions
of export profits, provided that the profit is distributed two years
after termination of the financial year in which the profit is realized.
Acceleration
of depreciation of 1/3 of the purchase value of the business assets
in the first fiscal year. Deduction of
8% of the total investment (new building: 12%) annually for the first
two fiscal years. Indefinite
carry-forward of losses incurred during the first four years of the
business. Counseling,
marketing and financial assistance in the development of export markets.
Companies that
establish in the Industrial Park can receive a rent reduction of 40%
during the first year of the tenancy.In addition to the tax exemptions, industries can qualify for the following incentives upon request: 2% corporate
income tax- including all charges- on all profits induced by export.
Exemption of
import duties on materials and economic levies on materials, on goods
required for construction, on initial equipment- including expansion-
of the enterprise' premises, and on packaging materials, on machinery,
raw materials, semi-manufactured articles and accessory means, necessary
for the industrial purposes Exemption of
land and occupancy tax for a period of 10 years.Export Oriented Industries Antillean limited liability companies that export at least 90% of their total finished products can obtain the tax exemptions. Financing The Development Bank of the Netherlands Antilles and the Curaçao Development Corporation can provide loans with terms ranging from 5 to 15 years at rates of 9 to 11%. A grace period of 6 to 12 months can be negotiated. |
