G-20 CONFIRMS: NETHERLANDS ANTILLES NOT ON BLACKLIST
The Netherlands Antilles and Aruba do not appear on the OECD blacklist of international tax havens
Although still on a so-called ‘greylist’, which is not an official list, but rather a progress report, the Netherlands Antilles and Aruba both have committed to the internationally agreed tax standard. A number of European countries, including Belgium, Luxembourg and Switzerland also feature on this list due to their bank confidentiality arrangements. The OECD has placed four countries on its blacklist: Costa Rica, Malaysia, the Philippines and Uruguay. Source: OECD.
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THE STRUCTURE OF A DUTCH CARIBBEAN FUND
It is easy and inexpensive to set up a SPV (Special Purpose Vehicle)
From a legal point of view, establishing a fund in Curaçao is very attractive under the corporate law in force since March 1, 2004, whereby a private limited liability company (besloten vennootschap) can be established very quickly and flexibly. Virtually everything is possible with this new legal entity. There is no minimum issued share capital requirement. Incorporation may be done within a day does not require any prior governmental approval. It is possible to split voting rights and dividend rights. There is no statutory requirement to have …
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