Curaçao makes very positive impression on the International Private wealth Community.
Willemstad November 1, 2021 – On October 25 and 26, the Curaçao International Financial Center (CIFC), as the main sponsor of the eighth edition of the Private Wealth Latin America and the Caribbean Forum, put Curaçao on the map in an impressive way. CIFC is a public-private partnership to promote Curaçao’s international financial services sector.
This leading event took place in Miami this year and is well attended each year by, among others, the so-called Family Offices, Wealth Managers, Fund Managers, Registered Investment Advisors and Private Banks in the region. The speakers consisted mainly of leaders in this sector, from across the United States, Latin America and the Caribbean. This event is completely closed-door and by invitation only, and it has been designed to enable genuine peer-to-peer learning and networking for the regional private wealth community. This year, over 275 people attended the event.
Over the past few years, Curaçao has worked exceptionally hard to establish a renewed solid and reliable financial system. Because of these efforts, temporarily less attention has been paid to promoting our island as a strong international business partner. This year, this has most certainly been turned around. During this event, a delegation of no less than 12 experts from the international services sector put Curaçao on the map as an attractive onshore jurisdiction for all purposes. The delegation included financial institutions such as Corpag, Intertrust, HBM Group, TMF, Citco Governance Services, IQEQ, Amicorp, DCSX, as well as Cinex.
Curacao: The Choice for Your International Business and Peace of Mind
This was the theme addressed by, Ms. Nacha De Jesus, Chairwoman of the Board of the Curaçao International Financial Services Association (“CIFA”), during her presentation made immediately after the opening of the conference in front of a full house. During this, emphasis was placed on the financial services opportunities that Curaçao has to offer with its renewed regime. Curaçao is home to many leading financial institutions and is frequently used by private investors’ companies, Family Offices, Investment Funds and other entrepreneurs from both the EU and Latin American countries.
The soon to be expected new permit system as well as tax advantageous regulations in the Income Tax sphere to attract temporary workers, digital nomads, hibernators, startups, scale-ups and overage niche experts has been highlighted as well as the possibilities to support international companies with more actual expertise and substance. This is of high importance to international companies and investors.
Curaçao has a high level of knowledge of the international financial sector and we have a solid legal and IT infrastructure and a state-of-the-art tax system. The new territorial profit tax system, in combination with well thought-out substance structures, offers significant incentives to attract international economic activity, with exemptions on foreign profits. In short, doing business with Curaçao means doing business in an attractive infrastructure for international investments and other financial services as a whole.
Clearly, the delegation from Curaçao succeeded in making a positive impression on those present at the event. Several conversations have already been held with international advisors and fund managers who apparently recognize and embrace this new momentum. In the future, the CIFC, in collaboration with other strategic interest organizations from Curaçao, will continue to invest in the promotion of Curaçao as an attractive partner in the international financial services sector.