Curaçao wishes to encourage investment with new, simplified permit procedure for foreign investors
With the goal of making Curaçao more attractive, the Ministry of Justice, Mr. Shalten Hato, is changing the permit procedure to attract more investors.
Currently, the Investor Program requires a foreign investor to invest a minimum amount of five hundred thousand Antillean florins 500,000 ANG. and demonstrate that they have the capital to cover their investment and personal expenses.
Under the new system, the minimum investment required will be lowered to two hundred and fifty thousand Antillean florins (250.000 ANG) and will enable a foreign investor to apply for an investor permit for a term of three (3) years. A foreign investor who invests five hundred thousand guilders (500.000 ANG.) in a business or house will be eligible for an investor permit for a term of five (5) years.
Another possibility that this new procedure will provide is a permit for an indefinite period when the foreign investor invests a minimum amount of one million guilders (1.000.000 ANG.) in a house or business. The investor can also apply for a permit for their family to establish themselves in our country together with them. This concerns their spouse and children. With this new procedure, the Ministry of Justice is sending a clear message that investors from around the world are more than welcome on our island.
The initiative is based on the fact that investment in companies and real estate can create jobs, generate tax revenue, and bring foreign currency into the country, which are all benefits for the economy. Finally, the Minister of Justice has instructed his team to develop or revise the relevant regulations to ensure that the new permit system is implemented smoothly and efficiently.