Establishing a company in Curaçao

Curaçao is a small island country in the southern Caribbean Sea, north of Venezuela, with the island of Aruba to the west, and tiny Bonaire to the east. In the years 1954-2010 Curaçao belonged to the Netherlands Antilles. In 2009 the island citizens elected dissolution from Dutch control and became an independent state. Their final step to independence was completed in 2010 with the Dissolution of the Netherlands Antilles, although remaining a constituent countries within the Kingdom of the Netherlands. It has a population of only 150,000, and its capital is Willemstad, named for William of Orange who established the Netherlands. Its official languages are Dutch, English, and the Caribbean dialect of Papiamentu. The island boasts a developed banking system and convenient infrastructure for those wishing to establish a company in Curaçao and pursue local and international business endeavors.

The original settlers of Curaçao were South American natives that migrated to the area, but in 1634 the Dutch took control of the island. Curaçao became a central depot of the Caribbean slave trade, then suffered economic collapse with the abolition of slavery during the 19th century. The island began to flourish financially again when some of its territories were required for the oil refinery installation being built on the Venezuelan coast, primarily by Royal Dutch Shell.

Curaçao has a tropical savannah climate. Along with an inviting and convenient infrastructure for establishing a company there, this small and gorgeous island offers exotic tourist attractions and an interesting cultural mix that combines the heritage of the Dutch islanders, the descendants of African slaves, and the Caribbean natives.

For Viewing Curaçao in Google Maps - Click Here

Three things you did not know about Curaçao:

  • The capital of Willemstad is a fascinating and beautiful glimpse into historic Dutch streets, alongside the Caribbean Sea with its typical tropical vegetation – a combination so colorful and vibrant no one can stay indifferent to it.
  • One testament to the important African heritage of the island and its residents can be found in a famous tourist attraction – the ostrich farm, where these giant birds are raised as they would exist naturally on the African plains. There are also many other local landmarks presenting the slave trade, and the slave descendant culture that sprung from it, throughout this small island. 
  • Much as in other Caribbean destinations, Curaçao is also famous for its diving. But this particular island offers an insular shelf known as the "Blue Edge”, where shortly beyond the coast the shelf plummets to the depths. The "Blue Edge” is a special diving experience in terms of marine wildlife and vegetation, including a descent to 320 meters – open to both amateur and experienced divers.

Curaçao’s economy

Curaçao has done well to develop an economy that draws its capital from investments and combines it with local resources, as well as additional activities that have successfully made this a relatively developed and quality market for the region. The islands main sectors are the oil refinery industry (Venezuelan rigs, tourism, financial services for international companies, and both local and international trade). Thanks to this advanced market, the country is ranked relatively high in terms of production and GDP per capita. In order to diversify their economy, and attract foreign investors, the Curaçao government instates an “open arms” policy for international businesses and entrepreneurs – a fact that makes the incorporation process extremely easy and appealing.

Mellius offers its clients a range of business solutions for establishing a business in Curaçao, tailor-made to client needs and type of activity.

Additional information about establishing offshore companies in Curaçao:

General
Type of company
Private Limited Liability Company (B.V.)
Relevant Companies Law
Curaçao Corporate Law Commercial Code of the Netherlands Antilles, Articles 33-155
Offices
Law requires companies to provide a local office address
Language of original incorporation documents
English
Finance and Taxation
Currency
ANG
Corporate tax rate
2%
Standard share capital
Irrelevant
Office Holders
Secretary
Obligation to appoint company secretary
Not required
Obligation to appoint local secretary
Not required
Type of entity that may function as company secretary
Individual and/or company
Director
Obligation to appoint company director
Required
Obligation to appoint local company director
Required
Minimum number of directors
1
Type of entity that may serve as company director
Individual
Shareholders
Obligation to register shareholders
Required
Obligation to register local shareholders
Not required
Minimum number of shareholders
1
Type of entity that may register as shareholder
Individual and/or company
Type of shares
Registered shares
Accessibility of Information
Company registrar
Information regarding office holders is not accessible to the public
Annual Assembly and Reporting
Obligation to hold annual assembly
Not required
Obligation to prepare financial reports
Required
Obligation to submit financial reports
Not required