Curaçao Company Formation

The “B.V., Besloten Vennootschap” and also herein further referred to as B.V., is a Private Limited Liability Company. This is a very common form of corporation, due to the flexibility that it offers. The private limited liability company is similar to the N.V., in Dutch: Naamloze Vennootschap” which is a Limited Liability Company.

Requirements for N.V. / B.V. shareholders and directors

Curaçao was part of the former Netherlands Antilles. The gambling company N.V. must have at least one shareholder who is not a resident of Curaçao. Also, this gambling company must have at least one managing director residing in Curaçao. However, it is not necessary to register an office there. Shareholders meet once a year on the island. Correspondence comes to the name of the local contact person who is a resident of the island. Their presence in the gambling company is mandatory.

B.V. is similar to N.V., but has some minor differences. For example, the shareholders of B.V. there can be only registered shares and general meetings of shareholders can be convened at the initiative of an individual shareholder.

Features of the Curaçao taxation

Curaçao company formation provides for territorial taxation. For companies that have chosen this jurisdiction but are geographically located outside it, the tax rate is favorable.

The Public Partnership is a limited partnership in which there is a distinction drawn between the limited partners and the general or managing partners. The general or managing partners manage the affairs of the Public Partnership and represent it in dealings with third parties. A limited partner can only represent the general partners as their attorney-at-fact and contribute to the partnership a certain amount of capital, determining the range of their liability.

Popular features of a Public Partnership:

• Distinction between limited partners and managing partners;
• Formed by a notarial or a private deed;
• The Public Partnership is not considered a separate entity for profit tax purposes.

A proprietorship (eenmanszaak in Dutch) is another official form of business where there is no distinction between the business assets and personal assets. The owner is in this case personally liable for all obligations of the business. International individuals need a business license in order to establish a sole proprietorship if they wish to do so. For a proprietorship, business income or loss is reported on the owner’s individual income tax return.

A foundation (or stichting in Dutch) is a legal entity, commonly used for charitable purposes. Futhermore, the Private Foundation (Stichting Particulier Fonds in Dutch) is also frequently used for asset management purposes, by separating the legal ownership of certain assets the beneficiary wishes to protect. The foundation has neither members nor shareholders, nor a capital divided into shares (as opposed to a corporation).

Our risk management experts and compliance review experts work efficiently, to help you through our Know Your Client acceptance procedure in simple and organized steps. Moreover, our vast network and good standing relationship with the Curaçao financial authorities, tax regulators and gaming license authorities ensure a smooth process of incorporation and setup.

We will ensure to recommend the best entity type, legal Curaçao company formation and structure to match your business. Our solutions not only help you save time, but we make sure to save you money by giving you exactly what your business needs.

Allyant Group brings 10+ years of relationships in good standing with local notaries and financial authorities to the table. We are regulated by the Central Bank of Curaçao and Sint Maarten, which means that you can rely on our compliance, corporate governance, and years of relationship with the Master license holders or other authorities.

Our expertise covers the fields of e-commerce, eGaming, licensing, online service providers and all digital businesses. Every representative in the team at Allyant Group knows the process of online business and gambling company formation from an insider and from a service provider perspective. Rest assured, we know how to get it done!