New Legislation Curaçao

Parliament of Curaçao recently approved comprehensive and far-reaching changes to a number of tax laws. Based on the amendment of the law, it will be possible to save for a pension using a bank account, the rules with regard to converting a regular public or private limited company to a tax exempt company have been tightened and existing policies with regard to merger, demerger and conversion of legal entities have now been codified. Aside from these changes, many technical adjustments have been made, such as correction of inaccurate references. In this memo we discuss the most important changes.