Tax Alert - Deadlines UBO
Tax Alert - Deadlines UBO
Tax Alert Curaçao – June 2025
Companies in Curaçao are now required to register the information about their Ultimate Beneficial Owner (or “UBO”) in the UBO register. If this registration is not completed in time , i.e. on or before July 1, 2025, an entity risks receiving a fine of up to XCG 25,000.
For (new) legal entities incorporated after June 8, 2024, aforementioned obligation in principle rests on the Notary. This registration should in principle be done within two weeks after incorporation.
For existing legal entities, i.e. companies that are incorporated/registered with the Chamber of Commerce of Curaçao on or before June 8, 2024, the obligation to register and file the UBO-information is until July 1, 2025. This should be done by the company through a designated online portal (UBO Registry – Curaçao Chamber of Commerce & Industry).
An UBO is, in principle, a person who holds at least 25% of the shares in a company. For completeness’ sake we note that there are also other conditions under which someone can be considered an UBO, depending on the type of entity. For completeness’s sake, please see below an overview of the entity type and the UBO’s to be reported.
If no such individuals are identified as UBO’s, the law also stipulates a fallback position, i.e. the other individuals to be reported. This will usually be the senior management personnel who can make binding decisions, but may vary according to entity type.
For assistance with the UBO-registration, feel free to contact us by phone or e-mail.
Companies in Curaçao are now required to register the information about their Ultimate Beneficial Owner (or “UBO”) in the UBO register. If this registration is not completed in time , i.e. on or before July 1, 2025, an entity risks receiving a fine of up to XCG 25,000.
For (new) legal entities incorporated after June 8, 2024, aforementioned obligation in principle rests on the Notary. This registration should in principle be done within two weeks after incorporation.
For existing legal entities, i.e. companies that are incorporated/registered with the Chamber of Commerce of Curaçao on or before June 8, 2024, the obligation to register and file the UBO-information is until July 1, 2025. This should be done by the company through a designated online portal (UBO Registry – Curaçao Chamber of Commerce & Industry).
An UBO is, in principle, a person who holds at least 25% of the shares in a company. For completeness’ sake we note that there are also other conditions under which someone can be considered an UBO, depending on the type of entity. For completeness’s sake, please see below an overview of the entity type and the UBO’s to be reported.
| Entity | UBO to be registered |
| Corporations (e.g., NV’s and BV’s; Private limited company or public limited company) |
Individuals who own or control 25% or more of the shares, voting rights, or ownership interest, including bearer shares or other means. |
| Partnerships (e.g., Limited partnership, general limited partnership) |
Individuals who have a 25% or more share in the profits, voting rights, or ownership interest. |
| Associations |
Individuals who have 25% or more of the voting rights or ownership interest in the association. |
| Foundations (e.g. private foundations) |
Founders, directors, beneficiaries, or any other individuals who exercise ultimate control over the foundation. |
| Trusts |
Settlors, trustees, protectors (if applicable), beneficiaries, or any other individuals who exercise ultimate control over the trust. |
If no such individuals are identified as UBO’s, the law also stipulates a fallback position, i.e. the other individuals to be reported. This will usually be the senior management personnel who can make binding decisions, but may vary according to entity type.
For assistance with the UBO-registration, feel free to contact us by phone or e-mail.