Page 72 - Caribbean-Central America Profile 2018

CURAÇAO

CARIBBEAN-CENTRAL AMERICA PROFILE 2018

LAND DEVELOPMENT: Country Profile
• A reduced tax -including additional charges-
of at least 2% on the profit obtained by the World view 1990 2000 2010 2016
sale of developed land for a period of 15 Population, total (millions) 0.15 0.13 0.15 0.16
years at the most. Population growth (annual %) -1.1 -4.1 1.3 1.3
• Exemption from import duties on materials Surface area (sq. km) (thousands) 0.4 0.4 0.4 0.4
and goods intended for the laying-out of Population density (people per sq. km of land area) 327.5 301.5 334.9 360.4
roads, on construction of real estate and on Poverty headcount ratio at national poverty lines (% of population) .. .. .. ..
the laying-out or construction of locations Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population) .. .. .. .. .. .. .. ..
GNI, Atlas method (current US$) (billions)
for amusement purposes. GNI per capita, Atlas method (current US$) .. .. .. ..
• Exemption from land tax as long as the GNI, PPP (current international $) (billions) .. .. .. ..
plots of land, which are being developed, GNI per capita, PPP (current international $) .. .. .. ..
are not let out. People
• Exemption from occupancy tax due to the Income share held by lowest 20% .. .. .. .. 77 .. 78 ..
Life expectancy at birth, total (years)
use of the company’s plots. The company Fertility rate, total (births per woman) .. .. 2.2 1.9
is exempt from personal income tax on net Adolescent fertility rate (births per 1,000 women ages 15-19) 52 39 35 34
revenues generated by the sale of developed Contraceptive prevalence, any methods (% of women ages 15-49) .. .. .. ..
land, if higher than US$ 5,500. Births attended by skilled health staff (% of total) .. .. .. ..
• Exemption from personal income tax on Mortality rate, under 5 (per 1,000 live births) .. .. .. .. .. .. .. ..
Prevalence of underweight, weight for age (% of children under 5)
income earned from dividends and other Immunization, measles (% of children ages 12-23 months) .. .. .. ..
distribution of profits within two years Primary completion rate, total (% of relevant age group) .. .. .. ..
after the fiscal year in which the profit was School enrollment, primary (% gross) .. .. 175.2 175.2
obtained. School enrollment, secondary (% gross) .. .. 88 88
• To qualify the limited liability company School enrollment, primary and secondary (gross), gender parity index (GPI) .. .. 1 1
should invest at least US$ 1,100,000 in Prevalence of HIV, total (% of population ages 15-49) .. .. .. ..
Environment
development (excluding the value of the Forest area (sq. km) (thousands) .. .. .. ..
land) within five years of the date of the Terrestrial and marine protected areas (% of total territorial area) .. .. .. ..
Decree. Annual freshwater withdrawals, total (% of internal resources) .. .. .. ..
Improved water source (% of population with access) .. .. .. ..
STARTING A BUSINESS Improved sanitation facilities (% of population with access) -0.7 .. -3.5 .. 1.1 .. 1.2 ..
Urban population growth (annual %)
To start a business in Curaçao, investors are Energy use (kg of oil equivalent per capita) 10,030 15,720 13,710 12,651
required to complete several registration CO2 emissions (metric tons per capita) .. .. 39.45 37.73
procedures before starting operations. The first Electric power consumption (kWh per capita) 4,663 7,291 7,471 4,798
step is to retain the services of a notary’s office, Economy
which consequently establishes a (limited GDP (current US$) (billions) .. .. .. ..
liability) company along with registering the GDP growth (annual %) .. .. .. ..
company at the Curaçao Chamber of Commerce Inflation, GDP deflator (annual %) .. .. .. .. .. .. .. ..
Agriculture, value added (% of GDP)
& Industry. Industry, value added (% of GDP) .. .. .. ..
Services, etc., value added (% of GDP) .. .. .. ..
The most important licenses when incorporating Exports of goods and services (% of GDP) .. .. .. ..
a company are: Imports of goods and services (% of GDP) .. .. .. ..
1. A business license from the Ministry of Gross capital formation (% of GDP) .. .. .. ..
Economic Development, permitting the Revenue, excluding grants (% of GDP) .. .. .. .. .. .. .. ..
Net lending (+) / net borrowing (-) (% of GDP)
corporation to operate in Curaçao. States and markets
2. A director’s license for a non-Curaçao Time required to start a business (days) .. .. .. ..
managing director. Domestic credit provided by financial sector (% of GDP) .. .. .. ..
Tax revenue (% of GDP) .. .. .. ..
3. A work and residence permit for the Military expenditure (% of GDP) .. .. .. ..
managing director. Mobile cellular subscriptions (per 100 people) .. .. 138.3 112.1
Individuals using the Internet (% of population) .. .. .. 61.9
TRADE AGREEMENTS AND High-technology exports (% of manufactured exports) .. .. .. ..
INVESTMENT TREATIES Overall level of statistical capacity (scale 0-100) .. .. .. ..
• Curaçao benefits from the preferential trade Global links
agreement with the European Union under Merchandise trade (% of GDP) .. .. .. .. .. .. 99 ..
Net barter terms of trade index (2000 = 100)
the Council Decision of the Association of External debt stocks, total (DOD, current US$) (millions) .. .. .. ..
the Overseas Countries and Territories. Total debt service (% of exports of goods, services and primary income) .. .. .. ..
• Caribbean Basin Initiative - preferential Net migration (thousands) -12 -6 7 ..
tariff treatment granted by the United States. Personal remittances, received (current US$) (millions) .. .. 150 157
Foreign direct investment, net inflows (BoP, current US$) (millions) .. .. 89 146
• Tax Information Exchange Agreement with Net official development assistance received (current US$) (millions) .. .. .. ..
the United States and other countries. Figures in italics refer to periods other than those specified. Source: World Development Indicators database.

B-36 Caribbean-Central American Action