The tourism sector is identified as the sector with significant growth potential to boost the economy of Curaçao. Curaçao is becoming an ideal destination for visitors and it is often referred to as the best kept secret in the Caribbean and the ultimate travel experience by many renowned travel publications. Curaçao is authentic with a historical rich heritage.
Curaçao has been a true financial center since 1954. Due to its long time activity in this area, the island has developed an infrastructure well suited for international finance, investment banking, shipping registration, mutual funds and others alike.
The Isla Refinery was opened by the Shell during World War I. Since 1985, the Venezuela state oil company PDVSA is in charge of operations, however this lease contract expires in 2019. Dialogues are being held with the government of Venezuela regarding the future of the refinery.
Curaçao is open to be part of your technology discoveries and will support your endeavour with a tier 4 data center, superb internet connection and an excellent fiscal infrastructure which will help launching your product globally in a profitable manner.
Curaçao has a modern and international airport which can handle all types of aircraft, including Boeing 747’s. The airport handles on average 22,000 flights and more than 1.6 million passengers per year; 13,000 tons of cargo passes through the airport annually.
Curaçao’s strength lies in its location at the crossroads of important trade routes and proximity to attractive markets. Curaçao can provide a good complement (connection) to U.S. or European companies with operations in South America and the Caribbean Basin, as a regional warehousing/ distribution center, or for distribution through intermediaries.
Curaçao is one of the Overseas Countries and Territories (OCT) and as such has preferential access to the European Union. Products manufactured in Curaçao obtain preferential duties when imported into the EU. Goods to be transported to the EU, however, should have the ‘Curaçao origin’ specified.
In terms of infrastructure, the Cultural and Creative Industry has developed substantially over the past couple of years through museums, art institutions, private galleries and international conferences to name a few. This sector is growing and offers great opportunities.
Transnational Education The global education market is changing rapidly. The number of students choosing an overseas education continues to increase. Transnational Education is important in the overall higher education landscape of Curaçao. This form of education has impact on academic, economic, human resource development, socio-cultural and status of this island.
Curaçao’s Free (Economic) Zones are being regulated by the economic zone law, and are one of the tools supporting the development of Curaçao as a Logistics and Distribution Center. These zones are fenced-in Customs areas where goods can be stored, displayed, packed, manufactured and distributed and where certain types of services, for example regional repair centers, may be rendered free from import duties.