Curaçao is part of the Kingdom of the Netherlands situated in the Southern Caribbean Sea and is the largest of the six islands in the Caribbean. The Dutch monarch is the head of state and the Netherlands is responsible for foreign affairs and defense. The citizens of Curaçao are Dutch nationals.

Curaçao controls and manages its own internal affairs as an autonomous country. The prime minister acts as the head of the government. There is a parliamentary democracy with an independent legal system primarily based on Dutch civil law with the underlying premises of freedom of association, right to form political parties, freedom of the press and freedom of speech.

Judges are appointed by the Dutch King and serve the district court and the joint court of appeals, which hears civil and criminal cases. The charter for the Kingdom of the Netherlands forms the basis for the possibility to appeal to the supreme court in the Netherlands.

Due to its strategic geographical location between the United States and South America and its unique position within the Kingdom of the Netherlands, Curaçao is able to benefit from strong business ties within these regions and has preferential access to both the US and EU markets through the US Caribbean Basin initiative and the European Union-Overseas Countries and Territories Agreement. Curaçao has concluded a tax information exchange agreement with the US government and has adopted the IRS foreign account tax compliance act.

Curaçao is largely compliant with the Organization for Economic Co-operation and Development (OECD), the Financial Action Task Force (‘FATF’) and the European Commission making it an attractive “white” listed jurisdiction that has implemented internationally agreed tax standards. The Central Bank of Curaçao and St. Maarten was established in 1828 and is responsible for control and regulation of the banking and insurance business and trust service providers.

details of works 2023 by Gwen Anderson