In addition to being a tourism destination Curacao is also a well known international business center. Located at the crossroads of major shipping routes, Curacao has an affluent economy, a low rate of inflation, a stable currency (pegged to the US dollar) and one of the highest standards of living in the Caribbean. The island also has an excellent business infrastructure, including the region’s largest deepwater port, a state-of-the-art container transshipment terminal, superior telecommunications and a full service international airport.
As part of the Kingdom of the Netherlands, Curacao has close juridical and political ties to the Netherlands. The island is a politically stable parliamentary democracy. Business that operate in Curacao have special access to the markets in both the European Union and the United States. A special Association Agreement with the European Union allows companies which do business in and via Curacao to export duties and quotas. Curacao is a beneficiary of the US Caribbean Basin Initiative (CBI). The island is also a getaway to Latin American and Caribbean markets.
International meetings, conventions and incentive tourism represent one of the fastest growing segments of the island’s tourism industry. Curacao hosts dozens of major international business gathering each year. Meeting planners can choose from several venues, including the state-of-the-art World Trade Center (WTC) complex and full scale meeting facilities at several hotels.
Investment possibilities in the growing tourism sector which has been appointed as a priority sector for development by the Government, include hotel properties, restaurants, dive shops, water sports, etc. There are special loans and grant programs for commercial investment in tourism related projects to stimulate the renovation of historic buildings.
Curacao also offers opportunities for foreign investment in manufacturing and industry. Long lease sites and multipurpose industrial buildings are for rent at competitive rates in the fully services industrial Park. Local trading companies can manage the marketing and distribution of a company’s products. Many trading companies manage the distribution of their products via Curacao.
At the Curacao Free Zone, goods for export can be stored, manufactured, processed, assembled, packed, exhibited and released from bond, free from all duties and customs fees. Export promotion support is available. Curacao is developing into a major Caribbean logistics center. The seaport and airport are in key position to become transshipment points for people and merchandise. Both are currently maturing substantial investments in infrastructure and related services, including telematics.