The Curacao Private Foundation (also known as: “SPF”) is a private foundation that was introduced to offer an alternative to the Anglo Saxon Trust. It is very popular in estate planning and for holding and portfolio investment activities. The SPF may not conduct a business. However, portfolio investments and holding activities are not considered an enterprise for these purposes. The SPF is, like other foundations, a separate legal entity that can own assets and incur liabilities.

Key Features

Curacao Foundation

Corporate Details

General

  • Legal System

Common Law/ Civil Law ( Hybrid)

  • Language

English

  • Time to Establish

5 Days

  • Registered Agent and Office

Yes

  • Foundation Legislation

Curacao Foundations Act

  • Type of Entity

Foundation

  • Taxation

No

Secretary

  • Requirement

Yes

  • Resident Secretary

Yes

Assets

  • Minimum Requirements

$10,000 initial assets

  • Beneficial Owner

Yes

Founder

  • Minimum No Founders

1

  • Nominee

Yes

  • Qualifications 1

An Individual or Legal Entity

  • Qualification 2

Beneficiary but not a sole Beneficiary

Foundation Council

  • Minimum No of Councillors

2

  • Qualifications 1

Founder may be a Councillor

  • Qualification 2

May be natural persons or legal entities

  • Publicly Accessibility

No

Protector

  • Requirements

Yes

Foundation Charter

  • Requirements to Prepare

Yes

  • Public Accessibility

Yes

Accounts

  • Requirements to Prepare

Yes

  • Requirements to file accounts

Yes