news
NEWS ALERT - NOVEMBER 2009
- I. OECD WHITE LIST
- In September 2009 the Organization for Economic Co-operation and Development (OECD) placed the Netherlands Antilles on the OECD WHITE LIST thus giving an enormous positive boost to the international reputation and acceptance of the Netherlands Antilles as a financial offshore center.
- II. DUTCH CARIBBEAN SECURITIES EXCHANGE (DCSX)
- It is expected that late 2009 the Dutch Caribbean Securities Exchange (DCSX) will become operational in Curacao. The purpose of the DCSX is to become an international securities exchange with a time and cost efficient transparent listing for international and regional corporations and investment funds. It goes without saying that such a listing can add substantial substance to entities resident in the Netherlands Antilles.
- III. TAX EXEMPT COMPANY (TEC) AS ROYALTY COMPANY
- Since its introduction in 2000 the Netherlands Antilles TEC has enjoyed an exemption from profit tax for certain qualifying financing activities and for certain qualifying investment activities. The TEC may now also enjoy an exemption from profit tax for qualifying come derived from owning and licensing intellectual property rights, e.g. film rights.
- IV. PARTICPATION EXEMPTION
- The participation exemption regime has been fine tuned to be more in accordance with the OECD guidelines. However the new legislation still provides for a 100% exemption for all qualifying participations, now also including income from a qualifying permanent establishment or permanent representative.
