INVESTMENT INSTITUTIONS IN CURACAO AND ST. MAARTEN

Raising money without a license is prohibited

The National Ordinance on the Supervision of Investment Institutions and Administrators 2002 (Landsverordening toezicht beleggingsinstellingen en administrateurs, a.k.a. “NOSIIA”) of both Curacao and St. Maarten prohibits raising, or obtaining, pecuniary means or other property for the purpose of participating in an investment institution that has not been granted a license by the Central Bank of Curacao and St. Maarten, and prohibits  offering participating interests in such an investment institution in or from Curacao or St. Maarten respectively.

Investment institutions may be exempted from this prohibition if the moneys or goods to be exchanged for …
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07
Sep 2011
CATEGORY

Finance

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TRUST SERVICE PROVIDERS IN CURACAO

TSPs are supervised by the Central Bank

Many international group structures include one or more Curacao legal entities or partnerships. The main reasons for this are the internationally competitive conditions for business development in the area of corporate law and the tax system in Curacao, as well as the well-developed professional financial services industry. Trust Service Providers (“TSPs”) are involved in setting up and maintaining such structures. TSPs conduct the management of legal entities and partnerships (“client companies”) on behalf of other enterprises. Management usually involves the TSP acting as manager of the client company and providing a correspondence address …
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21
May 2011
CATEGORY

Legal

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CELEBRATING THE 5TH ANNIVERSARY OF THIS WEBLOG

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A cartoon has been drawn by Mike Flanagan for the 5th anniversary of the launch of Karel’s Legal Blog

June 1st, 2010 marks the 5th anniversary of my legal blog. This is an important milestone for me. Back in May 2005 I only had a rough idea about blogging and what it would take to create a successful legal blog a.k.a. blawg. Now, five years and some 350,000 page views later, I know that despite …
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31
May 2010
CATEGORY

Legal

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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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03
Apr 2009
CATEGORY

Legal

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PLC CROSS BORDER LAW FIRM RECOMMENDATIONS

Netherlands Antilles

According to PLC Cross Border (Which lawyer?), Spigthoff Attorneys & Tax Advisers is one of two firms dominating the Netherlands Antilles market for international work, both on- and offshore.

Spigthoff ranks high in corporate / M&A and dispute resolution.

Martijn Welten, who specialises in corporate law, mergers & aquisitions and corporate litigation, is (highly) recommended in the areas of dispute resolution and corporate/M&A. 

Karel Frielink comes recommended in the area of high net-worth private clients. Karel is highly recommended in the areas of …
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16
Mar 2009
CATEGORY

Legal

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PROTECTING ONES ASSETS IN A TAX FRIENDLY ENVIRONMENT

Dutch Caribbean as the jurisdiction of choice

There are millions of people around the world who can be called wealthy. Many of them want to protect their wealth, against political instability, for example. To do so they can choose among various jurisdictions.

The Netherlands Antilles (a.k.a. the Dutch Caribbean) is a jurisdiction of choice one should definitely consider. There are several reasons why the Netherlands Antilles is already the favorite jurisdiction for so many people. One reason is that it is part of the Dutch Kingdom, which is known for political stability. The fact that the Dutch Supreme Court in …
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22
Apr 2008
CATEGORY

Legal

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