What are the benefits of registering a company in Curaçao
Curaçao is one of the largest Antilles. There is no duty-free trade in this jurisdiction and preferential terms are offered to those who have their own business and those who invest. The most developed areas are tourism, oil refining.
If a businessman has real estate in the jurisdiction, if it is possible to hire citizens, it is not difficult to start business. Curaçao has a positive reputation, signed an agreement on avoiding double taxation with a number of countries, as well as the exchange of tax information.
Advantages of opening a firm on the island
Recently Curacao has been considered as one of the countries where it is profitable to develop one's own business. For more information on jurisdiction, please contact our experts at IT-OFFSHORE - we will answer any questions you may have.
Which advantages can be noted:
- The country attracts investments from abroad;
- The country is characterised by political stability;
- Active development of the sales market;
- Attractive tax conditions.
There are several forms of organizations for business registration. It is possible to create a limited liability company - there is no minimum capital. At least one share is required. Individuals or legal entities can manage the organization, but one of them must be a resident.
The other OPF is a family fund. The peculiarity is that it is exempt from taxes, the capital can be of any size. No reporting is required each year. The fund is not used for business purposes and the structure of the fund is not disclosed to third parties.
Creation of a private organization with limited liability implies the presence of a managing director - a resident of the state. At least one shareholder is required, information about them is not disclosed. When creating a partnership, the capital will be distributed among partners in the form of a share. The rights are established based on the OPF.
Features of registration
An organization in this jurisdiction is often used to reduce the amount of tax payment and structure the business. In the absence of an exemption, the income tax rate may be 22%. Firms may operate in FEZs if they meet certain requirements - capital is divided into shares, operates outside the island, and has been approved by the relevant authorities for certain types of work.
First of all, the name of the company must be drawn up and submitted for inspection. A package of documents is then submitted to the directors, shareholders and beneficiary. A passport, confirmation of registration and details of the planned business are required.