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| Curaçao International Financial Center |
| an overview |
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| Curaçao, a sophisticated international financial center |
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Forming part of the Kingdom of the Netherlands, the Netherlands Antilles is an associate member of the European Community, with the Supreme Court of the Netherlands serving as the highest legal authority.
Comprising a multicultural and multilingual society, Curaçao forms the principal island of the Netherlands Antilles, enjoying substantial professional presence and excellent airline connections and port facilities. |
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A high-speed telecommunications infrastructure provides reliable state-of-the-art global communications. And, perhaps most importantly, its sophisticated financial and legal infrastructure provides comfort to both investors and financial service providers.
The financial services industry of the Netherlands Antilles is supervised and regulated by the Netherlands Antilles Central Bank, in close cooperation with the Dutch Central Bank, thus guaranteeing the reputation of Curaçao as one of the world’s leading offshore centers and offering unparalleled financial security and stability.
The Netherlands Antilles is a member of the Caribbean Financial Action Task Force, which forms part of the Financial Action Task Force based in Switzerland. It has enacted up-to-date legislation for combating money laundering, including ‘~Know Your Client” (KYC) rules. These initiatives resulted in the broad acceptance of Curaçao by developed countries and global organizations focusing on fair tax practices. General acceptance in many cases offers a reduced withholding tax requirement. In addition, the enactment of a New Fiscal Framework in 2001, in full compliance with the policies of the OECD for fair tax practices, further reduces local tax rates. Our country is hence: |
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- FATF/OECD compliant
- EU-compliant
- AML compliant
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The enactment as per March 1, 2004 of book 2 of the Civil Code ensures that corporate governance con forms to international standards of compliance and Directors’ accountability. Furthermore, the introduction of specific electronic commerce (e-commerce) legislation has placed Curaçao at the forefront of global electronic business.
An integral part of the Kingdom of the Netherlands, taxpayers of the Netherlands Antilles may benefit from a favorable tax arrangement applicable for the Kingdom, the “Belastingregeling voor het Koninkrijk” or “BRK”. Proper structuring may result in taxpayers gaining (further) benefits from existing tax treaties between the Netherlands and other jurisdictions.
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Related sites: |
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Curacao Chamber |
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CBCS (Central Bank of Curacao & Sint Maarten.) |
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