Curaçao Amends its Tax Exemption Legislation for Companies & Foundations

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Curaçao will enact new legislation start from January 2019, influencing the countries lenient tax laws for special regime organisations; particularly companies issuing and maintaining royalties. The law at the moment excludes certain company structures and offers tax exemptions which will be converted into a type of investment company regime with stricter prerequisites.

Additional substance requirements will have to be fulfilled in order to qualify; including the full disclosure of Beneficial Owners for all organisations.