Netherlands Antilles - Constitutional Reform

No legal implications
The current laws and regulations of the Netherlands Antilles, including the court system (with the Supreme Court of The Hague as the highest court), will remain effective for Curaçao and will automatically become Curaçao law. Existing contracts and statutes do not need to be amended.

 

No tax implications
All tax rules and regulations remain unchanged, including the grandfathering regime offshore 2019 (and all rulings). All current Netherlands Antilles tax treaties will apply to Curaçao as well.

 

Practical matters
Email addresses, fax- and phone numbers remain unchanged.
A new ISO country code for Curaçao is expected and this may have an impact on software and banking codes. Any changes will be announced in a timely manner.

 

Questions
If you have any questions relating to the information above please do not hesitate to get in contact with Koen van Baren (koen.van.baren@atcgroup.com) or Eric Paassen (eric.paassen@atcgroup.com).

On October 10, 2010, the Netherlands Antilles - consisting of Curacao, Sint Maarten, Bonaire, Saba and Sint Eustatius - will be dissolved as an autonomous country. As of that date, Curaçao and Sint Maarten will become autonomous countries within the Kingdom of the Netherlands, along with Aruba and The Netherlands. Bonaire, Saba and St. Eustatius will become an integral part of The Netherlands. The constitutional reform will have no immediate practical implications for our clients.