Curacao offers a wide range of tax incentives for all businesses
The following fiscal incentives are available:
Tax defferal or exemptions
This incentive is available for newly incorporated companies that contribute to broadening the local economic base. This so called ‘tax holiday’ consists of tax exemptions and/or reduced tax rates such as:
The tax holiday is granted for a period of 5 to 11 years. Requirements for the tax holiday:
In addition to these general incentives Curaçao offers the following specific incentives and entities depending on your specific situation.
International Shipping Company
Aside from the shipping and aviation tax rate, international shipping companies can request the application of the tonnage tax. With the tonnage tax the company declares a fixed amount of profit based on the tonnage of the ship instead of the actual profit. The tonnage tax can be requested by companies that solely exploit ships. To use the tonnage tax the company must register its ship in the tonnage tax register.
Download: Latest overview of Tax Incentives
When considering a country to establish a company, local taxation laws and regulations are important factors. Curaçao has a strategic geographic location outside the hurricane belt and offers a wide range of tax incentives for all businesses. The latter makes Curaçao a great location for operations.
This document includes an overview of tax incentives, which could be relevant for your company, consisting of:
- Legal entities: General / Territoriality Principle / Reduced profit tax rate / Curaçao Investment Company / Curaçao Private Foundation / Tax Holiday / E-Zone / Shipping Company / Participation Exemption / Fiscal Unity / Investment Allowance
- Natural person: Penshonado regulation / Expatriate regime (+ requirements/benefits)