Curaçao:
a strategic financial center

Geography and location

Curaçao is a Caribbean island located geographically in the southern Caribbean Sea, off the coast of Venezuela. The island is part of the islands known as ABC, along with Aruba and Bonaire. Its capital is Willemstad.

Unlike other territories, Curaçao is not a tax haven. In recent years, Curaçao has focused on strengthening its tax regulatory framework. It has signed several international agreements, including the OECD Model Tax Convention. Curaçao has also signed international agreements to comply with FATCA (Foreign Tax Compliance Act) and CRS (Common Reporting Standards). These international agreements aim to improve transparency and enhance international compliance with tax obligations.

The following documents confirm the commitment of Curaçaos tax legislation.

• OECD White List
• Agreement on the exchange of information

Legal information and regulation

BBVA Provincial Overseas is a financial institution with an international license granted by the Central Bank of Curaçao & Sint Maarten (CBCS). Therefore, we operate under a strict supervisory framework that oversees and promotes the efficient, effective, and transparent functioning of the financial system.

CBCS has adhered to the 40 recommendations of the Financial Action Task Force (FATF) to prevent money laundering and terrorist financing. Furthermore, as an entity within the BBVA Group, we must also validate compliance with the regulations and standards to which the group must adhere in Spain. This dual level of supervision provides us with a solid foundation of trust and security for our clients.