Curacao is an island in the Caribbean, which attracts expats with heavenly living conditions and economic prospects. Find out what are the advantages and disadvantages of moving here, what is the procedure for obtaining a residence permit and what is the list of benefits that an expat will receive after moving

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Curacao is an island paradise in the Caribbean that combines a favorable geographical location, beautiful scenery, amazing beaches, as well as financial benefits and a close connection with Europe, as the island belongs to the Kingdom of the Netherlands. All these factors make the country a good destination for tourism and moving to permanent residence. Digital nomads, investors and retirees flock here, because Curaçao has something special to offer everyone.

We talk about the life of expats in Curacao below.

General overview of Curacao

Curacao is an island in the Kingdom of the Netherlands, located in the Caribbean, approximately 60 km north of the coast of Venezuela. The capital of the country is Willemstad.

On October 10, 2010, Curaçao joined the Kingdom of the Netherlands as an independent state, following a referendum. Since then, Curaçao has become a separate country, personally responsible for domestic politics, while the Kingdom deals only in certain areas, including extradition, defense and international relations.

Warm tropical temperatures prevail in Curaçao, with September being the warmest month. The climate is relatively dry due to low rainfall. The island lies outside the hurricane belt, so life here is quite safe.

On the island of Curaçao, the average annual temperature is 76°F (28°C), with seasonal variations rarely deviating from the average temperature by more than a few degrees.

Advantages of living in Curacao

1. Simplified migration legislation

Moving to Curaçao to start a new life is quite simple, especially if you are a citizen of the Netherlands, the United States of America or any other European country. For citizens of these countries, the only requirement is to obtain a residence permit, which, thanks to the simplified bureaucracy in Curacao, is not too difficult to obtain.

2. Friendly local population

This small Caribbean island stands out for its kindness and good attitude towards foreigners and citizens. It is quite easy to integrate into the culture, because representatives of different countries and cultures live in Curaçao.

3. Absence of a language barrier

Curaçao is a tourist destination for several countries, languages ​​such as Dutch, English and Spanish are spoken on the island in addition to Papiamento as a native language.

4. Beautiful nature

Expats are attracted to Curaçao by the Caribbean way of life, as well as a huge number of natural attractions.

5. Business opportunities

Curacao is one of the main locations for offshore business. The government of Curaçao has dedicated itself to promoting free market policies and tax incentives, all with the intention of attracting foreign capital and encouraging domestic investment in order to have a sustainable economy. Also, the island is a profitable place for business in general.

Cons of moving to Curacao

1. High cost of living

According to Numbeo, consumer prices in Curaçao are on average about 1.26% higher than in the United States. However, rental prices are about 62% lower than in America, and groceries are also at least 16% cheaper. However, the service sector is quite expensive.

2. Average level of infrastructure and transport system development

Curaçao's public transportation system is not the most reliable. There are no trams, trains or subways on the island, and transport is limited to public buses and local taxis.

3. Expensive vegetables and fruits

Farming in the country is difficult, because the nature of the island is arid, so most products are imported from neighboring countries, which causes their high cost.

Work in Curaçao

If you want to work in Curaçao, you need a work permit. To obtain the document, you need to find an employer who would agree to sponsor your work visa and start the process of applying for such a permit. Tourists are not allowed to work or participate in any paid activities.

Most of the people on the island work in tourism, which is a booming sector in Curaçao.

You can find available vacancies if you talk to expats who are already working in the country or turn to special employment websites for help.

Health care in Curaçao

Curaçao has two general hospitals, one surgical hospital and one maternity hospital. The reconstruction of the large St. Elizabeth Hospital, which will soon open its doors to patients, is also underway here.

Many private insurance companies, as well as the Bank of Social Insurance, offer policies for residents. The island can provide a single insurance for all citizens thanks to the launch in 2013 of the Basic Health Insurance (BVZ). According to the Law, all Curaçao citizens and non-residents who have a civil employment contract and a company that must pay payroll taxes are entitled to a single insurance.

In order to safely move, travel or work in a new country, you will need health insurance. You can issue an extended policy on our website using the link.

Tax system in Curaçao

Curacao's tax policy is impressive and full of opportunities for non-residents and foreigners who choose to invest and earn income in the country. Tax rules provide significant deductions for income derived from certain domestic activities.

In terms of personal taxes, only income that comes directly from Curaçao will be taxable. This means that if you are an international investor and your profits and income come from abroad, you will not be taxed and will only have to pay taxes on sales and other transactions made on the island.

Education inCuraçao

The Dutch education system is approved on the island. The main institution of higher education on the island is the University of Curaçao, which has more than 2,000 students. The official language in the state education system is Dutch.

You can also get a higher education at a medical school, a language school, an academy of fine arts, music, the police, as well as a school for teachers and nurses. Due to this, Curaçao has a highly skilled workforce.

Buying real estate in Curacao for foreigners

Foreigners can buy real estate in Curaçao without any restrictions. Once you visit this beautiful island and get your residence visa, you can choose how you want to buy the property.

There are two options available – You can purchase real estate and effectively own it by paying annual property taxes, or you can lease real estate from the government. As a rule, the lease agreement is concluded for 60 years. The government determines the amount of payments before the lease contract expires and other conditions.

Investment permit for residence on the island of Curacao

According to this program, foreigners who make a minimum investment in the amount of USD 280,000 or more can get a residence permit in the country.

The size of the investment determines the validity period of the investor's permit:

- A three-year residence permit requires an investment of USD 280,000.

- A five-year residence permit requires an investment of $425,000.

- An indefinite residence permit requires an investment of USD 850,000.

Investment options under the investment program:

- Purchase of real estate;

- Investments in business;

- Purchase of securities on the Dutch Caribbean Stock Exchange.

The investment pool is also not limited to the proposed alternatives. The government may expand available investment opportunities or grant residency in exchange for investment in other initiatives.

 Benefits provided by an investment residence permit:

- The investor is allowed to live, work and educate his family on the island.

- After five years, you can apply for Dutch citizenship. Islanders are considered citizens of the Netherlands or the European Union. There is no such thing as Curaçao citizenship.

The unique work-life balance makes Curaçao a great place to live. With friendly taxes, straightforwardness, convenient location and ample business opportunities, Curaçao is a good place for you and your family to relocate.

We will remind you! Amsterdam is considered by many to be one of the best places to live as an expat in Europe, as the city offers a cosmopolitan spirit, a rich cultural life and a large international community. We talked about the advantages and disadvantages of moving to Amsterdam and what you should know about living in the city before packing your bags.

Igor Usyk - Head of Migration department at VisitWorld

To ensure a safe move to a new country, I advise you to consult a specialist. My colleagues, qualified specialists with a legal education, will help you avoid unpleasant situations during migration.

Products from Visit World for a comfortable trip:

Travel guide for 200 countries;

Legal advice from a local specialist on visa and migration issues;

Travel insurance around the world (please select the country of interest and citizenship to receive services);

Medical insurance all over the world.

We monitor the accuracy and relevance of our information, so if you notice any errors or inconsistencies, please contact our hotline.