Curaçao Company Formation Guide

Curaçao Company Formation

Curaçao Company Formation with gaming entity for general corporates as well as blockchain corporates with relevant consultations. We provide various licensing advisory, tax, management, and corporate operation services including virtual assets, fintech gaming, and P2E.

Resource · 00

Curaçao Company Formation Guide (PDF)

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Establishment · 01

Information on the establishment of a corporation in Curaçao

BV (Private Limited Liability Company)

Private limited liability company

NV (Public Limited Liability Company)

Public limited liability company (applicable for the purpose of public offering, etc.)

Local Tax Rate in Curaçao

22% — There is no tax rate for income generated outside of Curaçao.

When calculating the local tax rate in Curaçao:

Total local expenditure in Curacao / Total expenditure incurred outside of Curacao x 22%

Procedure:

1Submit required documents and pay the fee
2Notarize the documents in Curacao and proceed with the establishment of the company in the name of the local law firm
3Incorporate the company
4Transfer the shares to the client and register the directors
5Register the documents
6Complete the registration process and complete the establishment of the company

Estimated time required: 2 to 3 weeks

The Curaçao entity must have at least one local person listed as a director or representative.

Cost · 02

Cost Information

1. Incorporation: 6,100 euros

Government registration (Chamber of Commerce and Registry)
Articles of incorporation and incorporation documents
Document preparation and notarization
Chamber of Commerce and Industry documentation and registration
Share transfer and director registration
Share documentation and legal record documentation
CBIB tax identification number application and acquisition
Business license application and acquisition
Document delivery

2. Local director registration (choose 1)

Local Director Annual Fee

5,800 euros

Register as a corporate representative with the local government and bank · Provide a local address · Provide local secretarial services · Prepare and submit annual reports

Local Managing Director Annual Cost

7,000 euros

Register as a corporate managing director with the local government and bank · Sign a contract if necessary · Sign a board resolution if necessary · Provide a local address · Provide local secretarial services · Prepare and submit an annual report

3. Accounting / Tax Reporting

3,500 EUR (estimated) — billed in January each year

Bookkeeping is not included and a final estimate will be provided after confirming the transaction details.

Curaçao must submit financial statements and income tax returns each year.

Documents · 03

Requirements and documents to be prepared for incorporation:

1. A copy of the passport of the shareholder/director.
2. Authentication of the original copy of the passport of the shareholder/director.
- Korean passport: A copy of the English passport (issued by the district office or city hall) (See sample)
- Passport of other countries: Certified True Copy or Notarial Certificate (See sample)
3. Two recent (within the last three months) English-language address verification documents for the shareholder/director (must be from the same address)
- Living in Korea: English copy of resident registration (residence center) + front and back of driver's license scan (View sample)
- Living in another country: Utility bill + bank statement (or equivalent official document) (View sample)
4. Expert recommendation letter (Request for expert recommendation letter)
- Those who can sign the recommendation letter: Accountant, lawyer, judicial scrivener, tax accountant, labor consultant, administrative scrivener, insurance agent, financial planner, financial person, doctor, professor, employer, etc. (View sample)
5. English resume or LinkedIn profile
6. Application for incorporation

Gaming License · 04

Gaming Sub-license Acquisition Guide

Required documents for license application:

1. English criminal record report of UBO (direct/indirect shareholders and managers of 10% or more) (no criminal record)
2. Domain registration certificate (English)
3. (White Label) Software License Agreement (In the case of self-developed games, separate certification related to game operation prevention is required)
4. Server License Agreement
5. Network Diagram (Operating equipment, location, role of Curacao server, etc.)
6. Terms and Conditions (Separate cost when requested to prepare)
7. KYC/AML Policies and Manual (Separate cost when requested to prepare)
8. A declaration stating that the company will block access by minors and post information on gambling addiction on its website (provided by the company)
9. A declaration on the change of software provider (provided by the company)
10. Registration with the Curacao FIU (Financial Intelligence Unit) (provided by the Company)
11. English business plan (must include all of the following):

Business Plan Section	Description
1) Description of the game	Overview of game mechanics and features
2) Corporate governance	Management structure and oversight
3) Marketing strategy	Customer acquisition and retention plan
4) Target market	Geographic and demographic focus
5) Investment funds	Capital to be invested in the operation
6) Game screen screenshots	User account registration/login page, Login/logout, Terms and Conditions / Rules and procedures, Player Rules, Payouts, Withdrawing

Additional fees (optional):

1) If you need to create or consult on service policy-related documents such as Terms and Conditions, KYC/AML Policies and Manual: 3,000 to 5,000 euros per case
2) Liaison with the master license holder: 1,500 euros per year
3) Accounting and tax reporting in January of each year: 3,500 euros (estimated)
4) Opening an EMI (virtual) account: 500–830 euros
(We can provide you with a list of EMI companies, or you can contact them individually from the list to open an account.)

Important Note

Curaçao is required to submit financial statements and income tax returns every year. If you issue tokens or engage in related transactions, you must convert them into fiat currency and account for them accordingly, and prepare wallet records and transaction documents accordingly. Therefore, it can take a considerable amount of time and cost to complete the closing process. For the issuance and trading of tokens, we recommend St. Vincent LLC, etc. as there is no current regulation on virtual assets and there is no obligation to settle accounts.