Offshore Curacao

Open offshore Curacao

Curaçao – a small state on the island of the same name, which is part of the Lesser Antilles. Until 2010, the country was part of the Netherlands Antilles, and then became a self-governing state. The capital is Willemstad, the monetary unit – Netherlands Antillean guilder.

The basis of the economy is tourism, oil refining, offshore business. The duty-free zone is suitable for the development of IT business, gambling, network trading and service provision. There is no currency control. Double taxation avoidance agreements have been signed with the Netherlands and Norway. There is no such agreement with Ukraine.

Organizational and legal forms of offshore companies

1. Naamloze Vennootschap – NV.
2. Besloten Vennootschap met beperkte aansprakelijkheid – B.V.
3. Partnership and trust companies.
4. Family foundations.

The company name must contain the following parts: Limited (Ltd), Incorporated (Inc), Corporation (Corp), etc.

Features of private enterprises

• In order to avoid taxation in the future, it is necessary to register at least 10% of the shares in the register of shareholders.
• Reporting and auditing required.
• Meetings of shareholders are held annually in Curaçao.
• For tax exemption, you must register as holding or investment firm.
• Income is accumulated in the parent company or other jurisdiction.

Peculiarities of Curacao offshore private funds

• Such funds are used to protect assets, including in case of instability in the economy
• A private fund has no owners, it does not issue shares, it is not used for business, its purpose – only investments.
• There are no limits on the number of founders and beneficiaries.
• Foundations are fully tax-exempt.
• Control over property.
• Investments are not limited by jurisdiction.

What documents are needed to open a private foundation through Crystal Tax:

• Copy of passport with translation certified by a notary.
• Address confirmation + certified translation.
• Bank reference and its translation certified by a notary.

Peculiarities of the gambling business in Curacao

• Income tax 2%.
• Simple licensing procedure.
• Office registration is optional.
• Withdrawal of dividends is unlimited.
• Online casinos have high quality technical support.

Taxes

Laws that provide benefits to foreign companies have been in force since 2001. E-business income is taxed at 2% and a surcharge.

If you decide to buy an offshore company or have any questions about its registration in Curacao, please contact Crystal Tax.