Curacao company formation
Curacao, located in the Caribbean islands. The main languages there are Dutch and Papiamentu (Creole) but there are also a large number of people who speak Spanish and English. If you are going to do business there and are from the U.S. than the English language is going to be important to you. Als important is that the U.S. Dollar is accepted at many places on the island so you don’t even have to convert your money when you go there if you know the places to go that accept it.
Doing Business in Curacao
One of the things that you can do in Curacao, other than vacation, is that you can also do business with them. You can get what is considered a foundation. During the earlier years, this used to be something that was limited to religious groups and non-profit organisations, but it has since expanded and allowed for other to establish businesses there. The difference, however, is that you can have no capital, meaning no shares or shareholders, but you can still own something with your foundation. There generally is a management board and a supervisory board which manages and supervises the assets of the company.
Not only do they offer foundations, they also offer public partnerships, silent partnerships, limited partnerships, and incorporations of a partnership, which allow you, as a business owner, to hold stocks as well. Generally, foreign companies can utilise the incorporation of a partnership sector in order to own a business and transfer information through Curacao when it comes to the financial sector.
Taxes in Curacao
With regards to taxes, Curacao is part of the King of the Netherlands, and they ensure that you will not be double taxed on anything that you do there. They also offer what is called an E-Zone, which is an area designated for goods that can be stored, packaged, and traded. These locations would be at the harbour and at the airport, two places where goods can be easily transported.
You can also register a trademark in Curacao which will be governed by the National Trademarks Ordinance 1995 and the Regulation for Intellectual Property of Curacao, aka BIP. Some limits to a trademark are that they are required to be works, drawings, prints, seals, letters, numerals, shapes or packaging that will distinguish them from their competitors. SO if you are looking to make something and trademark it, you should ensure that the logo you are using is something unique and identifiable to the product you are trying to sell.
Curacao offers a lot of benefits for businesses. If you are looking to trademark something, I implore you to review the regulations here. It will give you the basis of what you are able to do there when it comes to making you, as a business and an entity, unique. But you should already know that doing business there is something that is attractive to many business owners and looking into your options could be key to getting ahead for yourself and saving money.