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Economy and Banking Sector of Curacao

Curacao
Location
Caribbean Sea
EU Status
not part of the EU (OCT)

Curacao is a constituent country of the Netherlands situated in the southern Caribbean Sea.

Economy

Currency
ANG (Netherlands Antillean guilder)
Population  (2013)
152,760
Nominal GDP
n/a
Credit Ratings (as of Aug 2020)
-/-/-

The economy of Curacao is well developed having international trade and financial services, tourism, petroleum refining and transshipment as the most important sectors.

Taxation

Withholding tax rates in Curacao are 0.0-0.0 %. Curacao signed 4 double taxation agreements.
Curacao didn't sign the automatic information exchange agreement but made a commitment to start the automatic information exchange in September 2018.
Curacao has FATCA agreement with the U.S. in effect since 16 December 2014 (Intergovernmental Agreement Model 1).

Banking Sector

Number of Banks
50
Consolidated Banking Assets
n/a
Deposit Guarantee
0 ANG

There are more than 60 credit institutions operating in Curacao, including over 30 international banks.

Major Banks

See Also