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Monetary & Foreign Exchange Policy
Frequently Asked Questions
Name and address/place of incorporation of the resident person/company receiving the foreign loan
Copy of valid identification document
Name and address/place of incorporation of the foreign person/company extending the loan
The amount of the loan in foreign currency
Loan terms: interest rate, maturity, amortization schedule
Purpose of the loan
Name and address/place of incorporation of the resident person/company/financial institution extending the loan
Copy of valid identification document
The amount of the loan
Name and address/place of incorporation of the non-resident receiving the loan
Loan terms: interest rate, maturity, amortization schedule
Purpose of the loan
Name and address/place of incorporation of the company that wants to open a foreign bank account
Extract from the register of the Chamber of Commerce
Name and address/place of incorporation of the financial institution abroad
Name and address of the individual to transfer money to his private foreign bank account
Copy of valid identification document
Name and address/place of incorporation of the financial institution abroad
Amount of the transfer
Name and address/place of incorporation of the company opening and holding the current account
Extract from the register of the Chamber of Commerce
Name and address/place of incorporation of the foreign parent company
Indication of maximum debet balance on the current account.
Name and address/place of incorporation of the trust company/notary/lawyer or other independent professional
Extract from the register of the Chamber of Commerce
Name and address/place of incorporation of the local bank where the account will be opened
Currency denomination of the account
Name and address/place of incorporation of the local bank
Name and address/place of incorporation of the non-resident
Copy of valid identification document
Maximum amount expected on the account denominated in Antillean guilders
Name and address/place of incorporation of the individual/company/financial institution making the investment abroad
Copy of valid identification document
Name and address/place of incorporation of the company/institution/investment fund where the investment is made.
Amount and type of investment
Name and address/place of incorporation of the local company
Extract from the register of the Chamber of Commerce
Name and address/place of incorporation of the non-resident
Copy of valid identification document
Number of shares and the nominal value per share of the participation
Authorized and issued capital of the local company
Statute of the local company
Name and address/place of incorporation of the foreign company
Extract from the register of the Chamber of Commerce
Name and address/place of incorporation of the resident individual/company
Copy of valid identification document
Number of shares and nominal value per share of the participation
Name and address/place of incorporation of the local company
Name and address/place of incorporation of the buyer
Name and address/place of incorporation of the seller
Extract from the register of the Chamber of Commerce
Copy of valid identification document
Amount and number of shares that are transferred
Name and address/place of incorporation of the local company
Extract from the register of the Chamber of Commerce
Copy of valid identification document
Name and address/place of incorporation of the non-resident
Amount of the guarantee and maturity of the guaranteed loan
Purpose of the guarantee
Only residents can apply for a foreign exchange license.
As of January 1, 2009, resident life or non-life insurance companies, and residents pension funds are granted a license to invest with non-residents provided that a minimum is invested with residents according to the following rule:
- 40% of the first NAf.10 million of total provisions and liabilities
- 50% of the next NAf.10 million of total provisions and liabilities
- 60% of the rest of total provisions and liabilities
Exceptions on this rule are granted for the following:
- Investments made in sustainable projects with a positive economic impact for Curacao or Sint Maarten. An equal amount can then be invested with non-residents.
- Amounts received from the Netherlands in connection with the redemption of the debts of the Central Government and the island governments of the former Netherlands Antilles can be invested fully with non-residents.
- Deviation from the minimum investments required with residents are allowed but at a fine.
Last updated: 10.12.2024 13:12