Karel’s Legal BlogLOOKING FOR AN ATTORNEY / LAWYER / TAX ADVISER IN THE NETHERLANDS ANTILLES OR ARUBA?
Certain criteria will have to be met
A limited liability company (‘besloten vennootschap’; ‘BV’) is subject to Netherlands Antilles corporate income tax as any other taxable entity against the normal statutory corporate income tax rates (30%, including 15% Island Surcharges a total of 34.5% on Curaçao) and can obtain certain tax rulings. However, under certain conditions […]
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The Netherlands Antilles are an attractive jurisdiction
Netherlands Antilles (a.k.a. Dutch Caribbean) special purpose vehicles (“SPVs”) are commonly used in both cross–border financing transactions as well as in Netherlands Antilles domestic financing transactions.
As regards cross–border transactions, (synthetic and cash) securitizations, repackagings, collateralized debt obligations (“CDOs”) and collateralized loan obligations (“CLOs”) and leasing transactions, MTN and other […]
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A license is required
The Aruba State Ordinance on the Supervision of the Credit System (Landsverordening toezicht kredietwezen, the “SOSCS”) prohibits anyone from engaging in the business of a credit institution (‘kredietinstelling’) in Aruba without a license issued by the Central Bank of Aruba (the “Central Bank”).
A credit institution is defined as an enterprise or institution […]
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A license is required
Employees have a labor relationship with their employer (1st employer); the employer has the authority and power to instruct his employees. However, employees may have been seconded (‘gedetacheerd’) to another employer (2nd employer). The 2nd employer, the entity who receives the seconded employees, in general assigns tasks to the individuals and supervises […]
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Iris scans fall within its scope
The Netherlands Antilles National Ordinance Agreements via Electronic Channels of December 29, 2000 defines an ‘electronic signature’ as follows:
“electronic data attached to or logically associated with other electronic data which are used as a means of identification”
Consequently, the notion ‘electronic signature’ implies more than only digital signatures, also scanned signatures, […]
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Despite meeting the ‘white list’ criteria
Much to our surprise, the UK Department of Culture, Media and Sport (DCMS) has not admitted the Netherlands Antilles onto its ‘White List’ of gaming jurisdictions to be exempt from the impending advertising ban. The new UK regulations facilitate new powers in the Gambling Act 2005 to ban gambling adverts […]
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It is an obligation
The Netherlands Antilles Civil Code requires a company to keep its accounts and retain relevant data in such a manner that its obligations can be known at all times (Article 3:15a subsection 1). The foregoing obligation to “keep and retain” has to be met in such a manner that the requirements for […]
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Very old!
According to Shirley Robin Letwin (On the History of the Idea of Law; Cambridge University Press 2005; edited by Noel B. Reynolds), the idea of law has been at the heart of Western civilization since its beginnings in ancient Greece.
However, the concept and nature of ‘law’ are still obscure, not only for laymen, but […]
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