Free Trade Zones Curacao
Curacao, an island just off the coast of Venezuela, is located at the crossroads of trade routes between South America, the U.S., and Europe. Part of the Netherlands and an associate member of the European Union, Curacao offers a modern physical and financial infrastructure, as well as incentives to businesses that wish to establish distribution centers on the island. Curacao has established three economic zones which offer companies 0% import duties and 2% corporate income tax, as well as infrastructure suitable for distribution centers. The three zones are:
* The Curacao Free Trade Zone, which offers financing of export related marketing costs.
* The Airport Free Zone, which offers a location adjacent to an international airport. Also, a new 35,000-square-foot multi-use building was finished in the third quarter of 2001. The total investment in the facility was approximately US$2 million.
* The Harbor Free Zone is adjacent to a container terminal. Facilities available include showrooms and manufacturing facilities. Last year Curacao’s government approved a law regulating e- commerce activities and amended the free zone law so that e-commerce activities operating in one of Curacao’s economic zones may obtain the same incentives (0% import duties and a 2% corporate income tax) as companies located in one of the free zones.