Published On: Tue, Sep 23rd, 2014

Investors Policy into force on October 1

Nelson NavarroWILLEMSTAD - The policy ‘wealthy investors’ will enter into force on October 1 of this year. This is the law that includes the (temporary) residency permit of bona fide investors on the island, the so-called ‘Investors permit 2014’. This was confirmed by the Minister of Justice Nelson Navarro.

This arrangement is in addition to the admission policy. Required for the temporary residence permit for the wealthy investor is that the alien must demonstrate that he or she has sufficient resources at their disposal to meet the obligations resulting from investments, whereby he or she must indicate, by means of official documents, to have made a business investment on the island. Or intends to make an investment with a value of at least 500,000 guilders.

The already existing investor’s permit policy has been withdrawn. In line with that policy, an alien had to demonstrate that they will make a business investment of at least 650,000 guilders to receive a temporary residency permit for the period of up to 180 days.

With the new policy, a residency permit will be granted for a period of three years for a business investment of 500,000 guilders. That permit is extended for the same period at unchanged conditions. Failure to comply with the renewal requirements, on time, the permit will expire. With a business investment of 750,000 guilders, the residency permit will be granted for a period of five years and renewed for a similar period at unchanged conditions. Failure to comply with the renewal requirements, on time, will cause the permit to expire. With a business investment of 1.5 million guilders, the residency permit will be issued for an indefinite period.

The investors need to be able to prove this by means of a bank statement from a locally based bank in which the bank declares that the alien will make a local investment by purchasing a property or a business investment to the value of at least 500,000, 750,000, or 1.5 million guilders. A bank statement from the Chamber of Commerce and Industry must also be submitted, which the Chamber of Commerce declares that the alien has made a local business investment to the value of the aforementioned amounts.

Click Tag(s) for Related Articles:



-- ADVERTISEMENT --