INVESTMENT INCENTIVES

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INVESTMENT INCENTIVES
Incentives for selected business investments

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Investor permit

When investing in a business or real estate in Curaçao it is easy to obtain an investor permit allowing them and their family (partner and children) entrance to Curaçao. It is required however that the persons for whom admittance is requested have sufficient financial means of support and have a health insurance policy. The investor permit will be indefinite with investments over US$ 840,000 (ANG 1,500,000) . For investments of US$ 280,000 (ANG 500,000) up to USD 840,000, a temporary investor permit will be issued for up to 5 years. The temporary investor permit may be extended as long as the conditions are met. The investor permit is the fastest way to come and invest, work and live in Curaçao.

Other incentives based on international initiatives:

Tax Agreement Netherlands – Curaçao (TANC)

Curaçao forms part of the Kingdom of the Netherlands. For many years a Tax Agreement for the Kingdom (TAK) regulated the right to tax between the countries that form part of the Kingdom (Aruba, Curaçao, St. Maarten and the Netherlands). Recently Curaçao and the Netherlands have agreed on a new Tax Agreement. This is
expected to take effect on 1 January 2015. The Dutch withholding tax is currently 8.3% in case a company that is a resident in Curaçao holds at least 25% of the shares or profit sharing certificates in a company in the Netherlands. Based on this new agreement, the dividend withholding may be reduced t0 5% or even 0%. This is an important reduction and in combination with special regimes such as the export regime will make Curaçao more attractive for doing business.

Overseas Countries and Territories

Curaçao is one of the Overseas Countries and Territories (OCT). As a result, nationals of Curaçao are citizens of the European Union, even though it does not form part of the European Union. Based on the status of OCT territory Curaçao does benefit from the special association with the EU in the sense that products that originate in Curaçao have preferential access to the EU. These products are exempt from import duty.

Caribbean Basin Initiative

The Caribbean Basin Initiative is a unilateral United States program initiated by the Caribbean Basin Economic Recovery Act (CBERA) and later expanded by the Caribbean Basin Trade Partnership Act (CBTPA). The aim of the CBI is to provide tariff and trade benefits to Caribbean and Central American countries.
Curaçao is one of the beneficiaries of the CBI and as a result products originating in Curaçao can be imported tax free into the U.S. if at least 35% has been added to the value of these products in Curaçao.