Establishing a business
The time required to complete the incorporation and to obtain the necessary licenses varies. Depending on the complexity of the legal form of the entity, an NV or BV can be incorporated in one day while the necessary licenses can be obtained within a few weeks.
Certain formal steps must be taken in order to set up your business in Curaçao.
- A corporation is established by the execution of a notarial deed, including Limited Liability Companies (NV or BV), Foundations and Private Foundations.
- The founders of the legal entity must sign the articles of association before the notary (it is possible to use a power of attorney). At least one founder is required to form the corporation, either an individual or a legal entity. Nonresidents can establish a BV or NV by proxy.
- The notary must register the legal entity at the Curaçao Chamber of Commerce & Industry.