UPDATED NEWS – CURAÇAO

On October 10th, 2010 the NETHERLANDS ANTILLES will no longer exist, and they will be replaced by new jurisdictions.

Curaçao and St. Maarten will have similar status to Aruba, within the Kingdom of Netherlands while the other three islands, Bonaire, Saba and St, Eustatius will become Overseas Municipalities of the Netherlands.

Current or future clients having set-up Companies, i.e. Private Foundation N.V. or e-zone companies with statutory seat on Curaçao, will have no changes. Therefore, while Private Foundation will remain tax exempt, Curaçao will not levy withholding taxes on dividends, royalties and interest, thus no changes in this respect as well.

Changes will be for the Overseas Municipalities, but there is not yet available information, since the Parliament has not yet passed bills in this respect.”

For additional information please contact us at info@bglasesores.com