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For more information on PricewaterhouseCoopers and the E-Business facilities that Curaçao offers, please contact us via: PwC@ecommerceatcuracao.com

EcommerceAtCuracao

Ecommerce

E-business in Curaçao
Electronic business has become one of the biggest opportunities or threats to many businesspeople, as it changes the way most businesses are conducted. Any company that is currently involved in the production, distribution or sale of electronic products and services (including the sale of digital material such as computer software and electronic banking) or physical merchandise, is facing changes that cannot be ignored.

We at PricewaterhouseCoopers can help you take advantage of the opportunity that E-business presents and assist you with structuring your business in a way that may significantly reduce the amount of tax you pay. If properly established, with the right advice and (local) support, E-business can be very advantageous.

Ecommerce Curaçao’s geographical position, good financial services, infrastructure, political stability and favorable tax regime as well as the gateway to Latin America and the Caribbean, makes it an attractive location from which to operate E-business, and achieve the inherent benefits of this business.

In addition, the Government of Curaçao, as well as the main industries, are aiming to make Curaçao a center of E-business excellence, through investments in all areas of the Island’s technology infrastructure. They are committed to the introduction of policies ensuring the growth of information based business within the favorable tax environment of the Island.

PricewaterhouseCoopers
PricewaterhouseCoopers has specialists that can assist you in the development of your E-business, including comprehensive tax advice, tax compliance-work and administration services, complete business services and specialist E-business development and management consultancy advice.

Tax incentives for E-business in Curaçao
The Netherlands Antilles, and especially Curaçao, offers special tax incentives to E-business enterprises: the Economic Zone (E-zone)

The E-zone legislation
On March 1, 2001 the government of the Netherlands Antilles has passed the ‘National Ordinance on E-zones’. This legislation provides for special tax incentives for E-business companies establishing their business on one of the islands of the Netherlands Antilles, for example the Island of Curaçao. The activities of an E-zone company must be focused on trading with or providing services to consumers and companies outside the Netherlands Antilles. An E-zone company pays 2% profit tax and is exempted from import duties, turnover tax on imported goods and turnover tax on services rendered locally.

In January of 2001 the government also passed the ‘National Ordinance on Electronic Agreements’. This Ordinance regulates the legal requirements for matters related to electronic business. Especially E-zone companies will have to obey the rules as described in the Ordinance on Electronic Agreements.

Ex-patriate regulation
Foreign employees assigned to an E-business enterprise on Curaçao could apply for the current ex-patriate legislation. This legislation provides wage tax incentives for employees as well as employers.

With the introduction of the E-zone legislation Curaçao can provide important tax incentives for global e-commerce enterprises. The tax advisors of PricewaterhouseCoopers Netherlands Antilles are more than willing to inform you on the possibilities and tax advantages of structuring your global E-business via Curaçao.

The E-business development division
The E-business development division assists its clients with the incorporation of the local company and the application for the e-zone status. In addition our E-business professionals can assist in the application process for the necessary licenses.

The E-business expertise of our Management Consultants
E-Business requires adaptations from the classical brick and mortar companies in their core activities and processes, such as Sales and Marketing, Procurement, Customer Relations Management, Human Resources, Finances and last but not least, Information Technology.

Our management consultants will assist their clients in creating new ideas to achieve a competitive edge and to increase market share, revenues and profits. We can support your company with strategic and operational decisions and business planning for the future.

We offer E-business expertise in different industrial sectors such as the Financial, Retail, Entertainment, Transport, High Tech, Tourism and Utility sector.

How can we assist you?
As in all businesses, success is not a matter of accidence, it is a result of solid preparation and planning. A lack of a planned approach and implementation could mean that your new E-business organization does not optimize on the attractive fiscal and business facilities that Curaçao has to offer.

The aforementioned information is to be used for guidance only. The summary is not intended to be comprehensive, and no specific action should be taken on the basis of this information without consultation of one of the advisors of PricewaterhouseCoopers.