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Besloten Vennootschap met beperkte aansprakelijkheid (Private company limited)


Tax residency – A BV is tax resident in Curaçao if it is incorporated under Curaçao law or it is managed and controlled from within Curaçao.

Basis – Corporate income tax is levied on income sourced in Curacao.

Tax rate – Curacao operates a territorial tax system - profits from sources in Curacao are subject to 22% corporate taxes, whereas profits from foreign-sources are exempt from taxation. According to the new tax legislation passed in December 2019 and effective from January 2020 - in order to determine whether income is from a foreign-source or from a local source, a coefficient between locally born expenses and foreign expenses must be calculated.

Capital gains – Capital gains are treated as ordinary income and taxed at standard rates. However, capital gains derived from participations, in which the Curaçao company holds at least 5% of the shares and the subsidiary is either taxed at 10% or is an active business (derives less than 50% of its gross income from dividends, interests or royalties), may be fully exempt.

Dividends – Dividends gains derived from participations, in which the Curaçao company holds at least 5% of the shares and the subsidiary is either taxed at 10% or is an active business, may be fully exempt.

Interests – Interests received by resident taxpayers from domestic banks are subject to an 8.5% withholding tax.

Royalties – Royalties are subject to corporate income tax.

Withholding Taxes – There are no withholding taxes.

Losses – Losses may be carried forward 10 years. Carryback of losses is not allowed.

Inventory - Inventory valuations are usually made at the lower of cost or market value. In general, the book and tax methods of inventory valuation will be acceptable.

Anti-avoidance rules – Transfer pricing rules are applicable to all types of transactions between related persons, which must be conducted at arm’s length according and supported by relevant documentation.

Tax credits and incentives – Tax holidays may be available for companies investing in the tourism sector. Insurance companies may also benefit from favourable tax regimes.

Personal income tax – Individuals may be considered tax residents if their center of existence is deemed to be in Curaçao.

Residents are taxed on their worldwide income at progressive rates up to 46.5%. However, under the pensioner’s regulations scheme, an eligible individual may opt to be taxed at a 10% flat rate on his foreign-source income or at the applicable progressive rates on deemed income of ANG 500,000. A reduced rate of 19.5% may apply to income received from a qualified pension savings account, private foundation, a trust or a substantial share interest.

Capital Gains are taxed at the standard PIT rate.

Other taxes – Sales tax is levied at 6%. Other tax rates (0%, 7% and 9%) may apply to certain goods and services.

Curaçao levies a real property tax of between 0.4% and 0.6% on the tax value of the property. There is an inheritance and gift tax of 6% and up to 25%, respectively. Exemptions may apply.

  • Offshore Income Tax Exemption
  • Offshore capital gains tax exemption
  • Offshore dividends tax exemption
  • CFC Rules
  • Thin Capitalisation Rules
  • Patent Box
  • Tax Incentives & Credits
  • Property Tax
  • Wealth tax
  • Estate inheritance tax
  • Transfer tax
  • Capital duties
  • 0% Offshore Income Tax Rate
  • 22% Corporate Tax Rate
  • 22% Capital Gains Tax Rate
  • 10% Dividends Received
  • 0% Dividends Withholding Tax Rate
  • 0% Interests Withholding Tax Rate
  • 0% Royalties Withholding Tax Rate
  • 0 Losses carryback (years)
  • 10 Losses carryforward (years)
  • FIFOLIFOAverage cost Inventory methods permitted
  • 46.5% Personal Income Tax Rate
  • 6% VAT Rate
  • 0 Tax Treaties

Country details

North America
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We can help you incorporate a Besloten Vennootschap met beperkte aansprakelijkheid in Curacao for $4,800.

Click here to incorporate your Curacao BV.

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