Country overview

#88
Curaçao

Country stats

Rating Points
135
This indicator describes the overall rating of a given jurisdiction on several parameters according to cryptocurrency operations - market volume, crypto regulation, business climate, taxation framework.
Crypto Penetration
0%
Estimated percentage of crypto users out of the country's total population based on public data.
Legal Entities
0
Number of crypto companies registered in the country based on regulator data if available or other types of public data.
Regulation Points
100
An overall assessment of the granularity of crypto regulation in a given country. A high score is also given to countries where cryptocurrency transactions are highly regulated.
Amount of crypto users
2 250
Total amount of crypto users out of the country's total population based on public data.
Taxation points
15
This figure, according to our analysts' calculations, indicates the overall level of tax burden for cryptocurrency transactions in a given country. The higher the indicator, the lower the burden.
Market volume points
0
A rough estimate of this jurisdiction's retail crypto market relative to the rest of the world. The higher the indicator, the higher the market potential.
Status of crypto
Legally allowed
General status of cryptocurrency regulation in this jurisdiction.
Crypto payments
Legally allowed
The legal status of cryptocurrency payments for goods and services in a given country based on information from regulators, public data and feedback from our community.
Security Level
Moderate danger
The overall level of security in a given country based on open data.
Crypto Salaries
No regulation
The legal status of cryptocurrency salaries to employers in a given country based on information from regulators, public data and feedback from our community.
Business Climate
Medium
Overall assessment of the friendliness of this country for crypto-business. This indicator takes into account the cost of obtaining a license and the attitude towards crypto entities in the country.
Stablecoin Regulation
No info
This indicator is evaluating the regulation of stablecoins in a given country. Complex regulation means that it is possible to issue steiblcoins and obtain a license for this activity. Basic regulation means that the issuance of stablecoins is possible, but not all legal aspects are defined in the law. Standard regulation means that there is a legal practice of steylcoin circulation in a given country.
Bad Factors
No
This section describes the unfavorable economic factors for crypto-business in a given country. These are countries that are under sanctions or on the FATF grey list and other factors.
Types of licenses
Fintech
This indicator means that in a given country, companies with fintech licenses (financial services) can legally transact with crypto assets and the country has appropriate licensing procedures.
Good
Medium
Bad
intro

This is general info about crypto regulation in Curaçao*. A more precise overview will be published later. However, if you find any inaccuracy or have other feedback - please write us in telegram @ilya_ii or by e-mail - editor@cryptopenetration.com

Curaçao is an island in the Carribean, which belong to the Netherlands. However it has a special status and is known as a popular offshore especially for gamblibg companies. Based on WIkipedia (1) the total area of an island is about 444 km2 and it has a population of 148,925 people. Since 2010 Curaçao is independent (2) in internal affairs from Netherlands and only cooperates with Amsterdam in the field of defense and foreign affairs.

Based on Quora (3) people living in Curaçao and other dependent territories of Netherlands (Aruba, Sant-Maarten) have Netherlands passport. However citizens of European Netherlands need to get a special residence permit to live on the island. Curaçao also has a special digital nomad visa program (4) called “Home in Curaçao Visa”. To get this visa applicant shoud prove that it has a working contract with a company or his self-employed business activities. By this program it’s possible to get visa for 6 months and then renew it for 6 more months.

Security level

  Based on Tripadvisor review (5) we define Curaçao as an area with a moderate danger security level.  

Crypto Payments

  Still no exact regulation on crypto payments. However, no ban on this activity and probably they are legal for crypto casinos based on LOK 2023. According to Lawrange (6) local gaming sites already accept crypto payments.  

Crypto Salaries

We don’t have any information about legal status of crypto salaries in Curacao. Please, contact us if you have this information.

Legal

Based on Emgroup (7) Curaçao doesn’t have a separate framework for crypto regulation. However, crypto entities are regulated by LOK 2023. This law is manages gambling&gaming activities and it allows gambling companies to use crypto. Based on Emgroup interpretation crypto exchanges also may legally operate in this jurisdiction - they just need to register company and get an igaming license based on LOK 2023.

According to Lawrange (8) LOK 2023 will be a temporary regulation for crypto entities in Curacao and the main regulator is the Curaçao Gambling Authority (CGA). It’s also important for local crypto entities to follow AML regulations.

Taxation

  Based on Visaguide (9) standard CIT rate in Curaçao is 22% and progressive PIT rate is up to 46,5%. However, according to Lawrange (10) there is no capital gains, dividend or inheritance tax in Curacao. Also there is an incentive tax regime (11) in Curaçao that allows companies to get tax exemption for 10 years - to join this program a company should make investment about $3,000,000.   

Links

1)👉🏻Curaçao Wikipedia

2)👉🏻Curaçao Britannica

3)👉🏻Even though on paper the Netherlands is separate from the Kingdom of the Netherlands, in practice are they the same entity with Aruba, Curaçao, and Sint Maarten being Dutch dependent territories? Quora

4)👉🏻Curaçao Citizenremote

5)👉🏻How safe is Curacao vs Dominican Republic? Tripadvisor

6)👉🏻Crypto License Registration in Curaçao Lawrange

7)👉🏻Updated on modernization of Curaçao online gambling registration Emgroup

8)👉🏻Crypto License Registration in Curaçao Lawrange

9)👉🏻 Digital Nomad Visa Curaçao Visaguide

10)👉🏻Crypto License Registration in Curaçao Lawrange

11)👉🏻Updated on modernization of Curaçao online gambling registration Emgroup