Buy property in Curaçao
Owning a home in the sun is a dream for many people all over the world, some people are looking for a vacation getaway while others long for a new life in a tropical location. When this dream becomes a reality there are many factors that will need to be considered and lots of information to gather before beginning the purchasing process. Below we will provide important information regarding the purchasing process in Curacao so that potential new homeowners in Curaçao will be aware of the procedure for purchasing real estate.
Curaçao southerly presence in the Caribbean, is well outside the hurricane belt and offers investor a relatively safe and positive environment in which to do business. Curaçao is known for their traditionally low inflation rates, particularly under five percent per year, no restrictions on ownership on private property by non-residents, low tax rates and attractive for relocation and investing.
Can foreign buyers acquire property in Curaçao?
There are no restrictions on foreign buyers purchasing real estate in Curaçao and, unlike other Caribbean islands an Alien Landholding License is not required.
What is the process for buying property in Curaçao?
Once a Sale / Purchase Agreement has been concluded, you will be required to pay a 10% deposit which will be held in escrow by a Attorney. Ownership of the property is normally transferred within 6-8 weeks, at which point you will sign the deed and make the final payment.
How high are real estate taxes in Curaçao?
Buyers are required to pay a 4% Transfer Tax in Curaçao.There is also an annual Property Tax which ranges from 0.4% to 0.6% depending on the value of the property.
Can foreign real estate investors get residency/citizenship in Curaçao?
If you wish to live in Curaçao permanently, you can apply for a residence permit. You will need to demonstrate proof of income and property ownership.
How can I get to Curaçao? Are there direct flights?
From the USA fly to Willemstad's Curaçao International Airport with AA from Miami, with Continental from Newark, or with Delta from Atlanta. Air Canada operates a flight to Curaçao from Toronto. From Europe, either fly with KLM from Amsterdam or fly to the USA and take a connecting flight. Alternatively various airlines operate flights to Curaçao from across the Caribbean and Central/South America, including Avianca (Colombia), Copa Airlines (Panama), Divi Divi Air (Bonaire), InselAir (Aruba, Dominican Republic, Jamaica, St Maarten), and LIAT (Trinidad).
At the time of publishing all information was found to be correct but please note that all of the above is solely for information purposes and proper legal advice should always be taken before buying property in Curaçao or any foreign country apart from that you reside in.