Published
Sep 4, 2023
Updates:
Dec 10, 2024
Curaçao
Price:
Delivery:
Legal forms:
Payment methods:
2 weeks
LLC, NV, BV
Document checklist:
1.Passport
2.Proof of Residence
Requirements:
Local legal address (Handled by B2B Hub)
Curaçao
$
4000
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Registrar
Abbreviation
Phone
Curaçao Chamber of Commerce and Industry
KvK Curaçao
+599 9 461 3918
Location
Capital
Official languages
Population
Currency
ISO 4217
Willemstad
Curaçao
Dutch, Papiamentu
192,077
ANG
Netherlands Antillean Guilder
Delivery
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Certificate of incorporation
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Articles of association
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Meeting minutes
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Company stamp
Certificate of incorporation
Company stamp (By stempil.com)
Registration documents and guidance
FAQ for company formation in Curaçao
Q: What is the process for forming a company in Curaçao?
A: The process for forming a company in Curaçao involves reserving your company name, drafting and filing the company's articles of incorporation, obtaining a local address and appointing a local director, and registering your business with the Chamber of Commerce.
Q: What are the different types of companies I can form in Curaçao?
A: The most common types of companies formed in Curaçao are the Limited Liability Company (LLC), the Public Limited Liability Company (NV), and the Foundation.
Q: What is a Limited Liability Company (LLC)?
A: A Limited Liability Company (LLC) is a type of company where the liability of the shareholders is limited to their share capital contribution. LLCs are often used for small and medium-sized businesses.
Q: What is a Public Limited Liability Company (NV)?
A: A Public Limited Liability Company (NV) is a type of company where the shareholders own the company through the ownership of shares. The liability of the shareholders is limited to the amount of their share capital contribution.
Q: What is a Foundation?
A: A Foundation is a type of legal entity that is often used for philanthropic or charitable purposes.
Q: What are the minimum requirements for company formation in Curaçao?
A: The minimum requirements for company formation in Curaçao include having at least one shareholder and one director, having a local address, and having a minimum share capital contribution, which varies depending on the type of company you are forming.
Q: How long does it take to form a company in Curaçao?
A: The time it takes to form a company in Curaçao can vary depending on the type of company you are forming and the specific requirements involved. Generally, it can take between one to two weeks to complete the entire registration process.
Q: What are the tax implications of forming a company in Curaçao?
A: Companies formed in Curaçao are subject to a range of taxes, including corporate income tax and turnover tax. Curaçao has a favorable tax regime, making it an attractive destination for international business activities.
Q: What are the ongoing compliance requirements for companies in Curaçao?
A: Companies in Curaçao are subject to a range of ongoing compliance requirements, including filing annual financial statements, maintaining proper accounting records, and renewing their business registration and other permits as required. It is important to work with a qualified professional to ensure that you remain compliant with all applicable laws and regulations.
Curaçao is an island nation located in the Caribbean Sea. It has a population of approximately 160,000 people and a GDP of $3.2 billion. The economy of Curaçao is largely driven by tourism, with the tourism sector accounting for around 40% of the country’s GDP. The country also has a strong financial services sector, which contributes around 20% of the GDP. The manufacturing sector is also an important part of the economy, accounting for around 10% of the GDP. The country has a low unemployment rate of 4.2%, and the average monthly salary is around $1,400. Curaçao has a relatively low inflation rate of 2.2%, and the country’s currency, the Netherlands Antillean guilder, is pegged to the US dollar. The country has a strong banking system, with the Central Bank of Curaçao and Sint Maarten providing oversight and regulation. Overall, Curaçao has a strong and stable economy, and is a great destination for tourists and investors alike.
Curacao is a constituent country within the Kingdom of the Netherlands located in the southern Caribbean Sea. The taxation system in Curacao is regulated by the Tax Department of the Ministry of Finance. Both individuals and corporations are subject to taxation on their income in Curacao.
Personal Income Tax:
In Curacao, individuals are required to pay taxes on their income, including salaries, wages, and other sources of income. The tax rate is based on a progressive tax system, where the tax rate increases as the income increases. The tax rates for individuals range from 10.8% to 41.4%, depending on the income level. The tax year in Curacao runs from January 1st to December 31st.
Corporate Income Tax:
Corporations in Curacao are also required to pay taxes on their income. The corporate income tax rate in Curacao is a flat rate of 22%. However, there are some tax incentives available to companies in certain industries and regions. The tax year for corporations in Curacao is also from January 1st to December 31st.
Process and Calendar for payments:
In Curacao, the tax payment process involves filing a tax return and paying the tax due within a specific deadline. For individuals, tax returns are due on March 31st of the following year. For corporations, tax returns are due within five months of the end of the tax year.
In addition to income taxes, there are other taxes and fees that individuals and corporations are required to pay in Curacao. These include value-added tax (VAT), real estate transfer tax, and social security contributions.
It's also worth noting that Curacao has signed tax treaties with many countries to avoid double taxation on foreign companies that do business in Curacao.
In summary, Curacao requires both individuals and corporations to pay taxes on their income. The tax rates are based on a progressive tax system for individuals and a flat tax rate for corporations. Tax returns are due within specific deadlines, and there are other taxes and fees that individuals and corporations are required to pay.
Application without registration
The first director
The second director
The third director
The first shareholder
The second shareholder
The third shareholder
Articles
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