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Curacao

Taxes

Want to setup a company? This will tell you about tax laws in Curacao, for a NV (LLC) which is the most common legal entity in Curacao.

Curaçao usually imposes tax on corporate worldwide income at 22% rate. This ranks Curacao as 88th overall in terms of CIT globally. However, there are several exemptions:
Export Regime Companies: Companies which 90% or more of their income is the result of transactions with foreign clients are subject to a reduced rate of 3.2%.
E-Zone Regime: Companies engaging international e-commerce business may be established in Curacao E-zones and be taxed at a 2% corporate profit tax rate.
Tax Exempt NV: Companies may elect to be tax exempted, provided, among other conditions, that beneficiaries, managements and financials are publicly disclosed and no more than 5% of the revenues of the company consist of dividends from profits of subsidiaries taxed at rates lower than 11%. Exempt companies are commonly used for investment and finance and licensing of intellectual and industrial property rights.

The valued added tax rate in Curacao is 5.00%, that ranks Curacao as 35th overall in terms of VAT globally. In terms of other taxation, an employer will contribute 9.3% to the equivalent of a social security fund and an employee will contribute 4.3%.

Thin capitalisation restrictions are in play. Thin capitalisation refers to any type of requirements on companies' debt-to-asset ratios.
Dividends received are subject to 10% tax. However, dividends received may be tax exempted, provided that the resident company holds at least 5% of shares of subsidiary, which has to be an active business and subject to income tax of at least 10%. Dividends are distributions of earnings of the legal entity, established by the board of directors, to a particular class of shareholders. Dividends can be issued as stock, cash, or property.
Capital Gains are subject to Corporate Income Tax. However, those from the disposal of shares, when the resident company holds at least 5% of participation, and subsidiary is an active business subject to at least 10% income tax, may be exempted. A capital gains tax is levied on the profits that a corporation or natural person realizes when they sell sells a capital asset for a price that is higher than the purchase price.

There are no withholding taxes on dividends, interests nor royalties remitted abroad. This means that payments to non-residents are not subject to withholding tax.
There is no known tax on wealth in Curacao. There are inheritance and real property taxes in CW.

The above is not tax or legal advice for your company's situation. Incorporations.io can refer you to an accountant in Curacao who can properly advise you. Want to work together? Click the free consultation button above.

Country details

Curacao
ANG
Willemstad
North America
Dutch (Standard), pap
141,766

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