A lot of Curacao real estate is being owned by private foundations (Stichting Particulier Fonds). Also other assets of course can be held by a private foundaton.
Please beware of the fact that from fiscal year 2019 on all Curacao private foundations need to file a tax return for the Curacao profit tax. This does not mean that profit tax is due but there is now an obligation to file. This of course makes that financials -starting with fiscal year 2019- do need to be drafted on the basis of which the tax return can be drafted and filed.
This means that a preliminary profit tax return needs to be filed before April 1st, 2020 and a final one before July 1st, 2020. If you avail yourself of the services of a professional tax lawyer of consultant the final tax return may be filed before end of the year 2020 but you do need to inform your tax professional thus enabling him/her to file for an extension.
Same goes for the trust which was introduced in our law system in 2012.
If further information is needed please do not hesitate to contact us.