Benefits of Curaçao
Curaçao has a diversified economy based on earnings from the island’s oil refinery, remittances from the Netherlands, offshore banking, other services, trade, and tourism. Curaçao operates the largest dry dock in the region at its bustling, well-equipped port in Willemstad, which also serves as a major regional transshipment center and cruise port. For its size, the island has a considerable diverse economy which does not rely entirely on tourism as is the case with most other Caribbean islands.
For centuries the island has leveraged its strategic geographic location to be a vital trade hub linking European Union countries (Curaçao is part of the Dutch Kingdom) with those in North, Central and South America as well as others throughout the Caribbean. Curaçao has positioned itself as one of the world’s leading e-commerce hubs. A special law named the National Ordinance Agreements by Electronic Means is in effect, establishing the legal principles for the conduct of e-commerce and the processing of electronic transactions. Special tax legislation for international companies that qualify for establishment in privileged ‘E-Zone’ areas are available. Features thereof are payment of only 2% profit tax, no import duties or sales tax and expatriate entitlement for employees including a special income tax regime. The CTEX datacenter operates in an E-Zone designated area. Hence international corporations establishing operations at CTEX benefit from E-Zone legislation.
Connectivity is vast with over 6 major submarine cables connecting the island to the rest of the world.
Additionally, Curaçao has strict policies considering the confidentiality of client data. Located outside the traditional hurricane belt, being part of the Dutch Kingdom and having a neutral relationship with neighboring countries make Curaçao one of the safest locations in the world to house your company’s critical information assets.
Most people on the island speak at least four languages including English, Spanish, Dutch, and Papiamentu (local language).