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Labor Laws in Curacao

  • Annual Leave: 15 days
  • Maternity Leave: 14 weeks
  • Public Holidays: 12
  • Workweek: 40-45 hours per week.

Income Tax in Curacao

Individual income taxes are progressive, ranging from 9.75% to 25.75% based on the worker’s earnings.

Value Added Tax (VAT) in Curacao

The standard sales tax is 6%

Social Security in Curacao

All resident individuals must pay social security contributions. The contributions provide benefits under the AOV, the General Widows and Orphans Ordinance (AWW), and the General Insurance Extraordinary Sickness Ordinance (AVBZ.)

Employers

  • Old age (AOV) insurance - 9.0%
  • Surviving dependents (AWW) insurance - 0.5%
  • Basic health care insurance (BVZ) - 9.3%
  • Accident insurance (OV), depending on risk level - 0.5% to 5%
  • Insurance for loss of income due to illness (ZV) - 1.9%
  • General insurance for exceptional medical expenses (AVBZ) - 0.5%

Employees

  • Old age (AOV) insurance - 6.0%
  • Surviving dependents (AWW) insurance - 0.5%
  • Basic health care insurance (BVZ) - 4.3%
  • Accident insurance (OV), depending on risk level - 0.5% to 5%
  • General insurance for exceptional medical expenses (AVBZ) - 1.5%

Work Visas Curacao

Types of Work Visas in Curacao:

  • Curaçao Investor Permit Program:This program allows foreigners to obtain a renewable residence permit by investing a minimum of $850,000 in Curaçao's economy. While this permit does not automatically grant the right to work, a separate work permit must be obtained.
  • Work Permit:Foreigners can obtain a work permit by finding an employer willing to sponsor their application. The approval process typically takes around 3 months.
  • Digital Nomad Visa:Curaçao offers a 6-month digital nomad visa for remote workers, allowing them to work in the country. Requirements include evidence of self-employment or remote work capability, a minimum income of $294 per month, a clean criminal record, and health and travel insurance.

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Setting up a company in Curacao can be expensive and complex. Global Expansion simplifies your entry into this market.

We handle hiring, HR, and payroll while ensuring compliance with local regulations, all without establishing a local entity.

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