Curacao
Capital: Willemstad.
Official languages: Dutch, Papiamento.
Currency: Dutch Antillean guilder.
Company registration provides the following benefits:
- Recognizable and respected jurisdiction.
- A relatively simple and well-established procedure for registering a company.
- Fast deadlines for company registration.
- Favorable tax environment.
Curacao is a self-governing state entity located in the southern Caribbean Sea near the coast of Venezuela.
Since 2010, the island of Curacao has been part of the Netherlands. This jurisdiction has a positive reputation; opening a company in Curacao will allow you to optimize tax payments.
Curaçao is characterized by political stability, and programs are in place to attract foreign investment.
Features of taxation and reporting
Companies must prepare and file annual financial statements. This includes the balance sheet, profit and loss account. For some types of activities (financial, gambling), additional reporting to regulatory authorities is provided.
- Only income received outside Curacao is not subject to corporate tax (standard rate is 22%).
- Value added tax – 5%.
- Tax on dividends and royalties – 0%.
- Mandatory financial reporting.
Company registration
Time frame for company registration: 1-2 days.
It is possible to open a private limited liability company (Besloten Vennootschap, BV). The peculiarity of this form is that there are no requirements regarding the amount of capital; management can include both individuals and legal entities, one of which must be a resident.
There is also the option of registering a public limited liability company (Naamloze Vennootschap, NV).
The main activity for a company registered in Curacao is gambling, so immediately after registering the company, our specialists begin the process of obtaining a gambling sublicense.
To register a company remotely, you will need to provide the following information:
- Company name, one option is enough, but if the name is taken you will need to provide two more.
- Scanned copies of passports of beneficial owners and directors. If the documents are not in English, then an official translation is needed.
- Certificate of no criminal record and confirmation of the residential address of the director of the company.
- AML Compliance Officer within the company structure.
- Resume (CV) of the company director.
A quick guide to registering a company in in Curacao:
To quickly register a BV in Curacao, contact IT-OFFSHORE specialists. The cost of our services includes:
- Preparation of documents (collection, filling, notarization, etc.).
- Company registration.
- Payment of all government fees.
- Registration agent services for 1 year with the possibility of extension.
- Translation services.
- Delivery of registration documents to any address.
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The bottom line
Curacao provides favorable conditions for doing business for foreign investors. Recently, due to its popularity, the jurisdiction of Curacao is constantly undergoing various changes in its legislation, so we recommend consulting with IT-OFFSHORE lawyers to avoid possible legal consequences and ensure compliance with all laws.
Our company offers comprehensive support for the company at all stages - from registration to full support of its activities. We not only help you legally register a company, but also take on many subsequent tasks. In particular, our scope of services includes maintaining accounting and tax records, providing nominee directors and shareholders, leasing a legal address, obtaining all necessary licenses and permits for the company. We actually ensure the full operation of the business in accordance with the laws of a particular jurisdiction.
