FATCA assessments

With the Intergovernmental Agreement between Curacao and the United States of America in place, enterprises established in Curacao may be liable for reporting and registering for the Foreign Account Tax Compliance Act (FATCA). Enterprises that are investing, administrating or managing funds on behalf of others, or enterprises in the insurance or banking industry should carefully assess their activities and clientele in order to determine if they should register with the Curacao government for FATCA purposes. Annual due-diligence and reporting on clients may be mandatory.

Baker Tilly Dutch Caribbean can provide a detailed analysis in FATCA assessments, in order to determine the company’s formal obligations.