Curaçao’s Free (Economic) Zones are being regulated by the economic zone law, and are one of the tools supporting the development of Curaçao as a Logistics and Distribution Center. These zones are fenced-in Customs areas where goods can be stored, displayed, packed, manufactured and distributed and where certain types of services, for example regional repair centers, may be rendered free from import duties. In addition, the profit tax on profits generated from export is only 2%. Import, export and transit of goods are completely duty-free and special tax incentives are provided to free zone companies. The activity must be focused on trading with or providing services to companies outside of Curaçao.
The Special incentives offered to E-Zone Companies are:
A wide range of legal and financial benefits which include asset protection, tax minimization, privacy and investment diversification
- 0% Import duties
- 0% turnover tax
- No land and property taxes
One of the requirements for a company established in the Free (Economic) Zone is that at least 75% of the e-zone company’s annual total sales, has to be generated from export, while up to 25% of the total sales may be be generated from sales in the domestic market after obtaining a permit from the Government.