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Why buy a house in Curaçao

Tax Benefits and Incentives

Curaçao offers attractive tax benefits for foreign property buyers, including low property taxes and tax incentives for retirees and investors, making it an appealing destination for real estate investment.

Stable Economy and Legal Framework

As a Dutch territory, Curaçao benefits from a stable political and economic environment, with a well-regulated real estate market and secure property ownership laws.

Diverse Property Options

From beachfront villas to modern condos, Curaçao has a wide variety of properties to suit different budgets and lifestyles, offering options for both investors and residents.

Tropical Island Lifestyle

With its year-round warm weather, stunning beaches, and vibrant culture, owning property in Curaçao provides access to a relaxed Caribbean lifestyle, perfect for vacation homes or permanent residence.

Frequently Asked Questions

Can foreigners buy property in Curaçao?

Yes, foreigners are allowed to buy property in Curaçao without any special requirements or restrictions. Unlike some countries, there are no limitations on the type of property you can purchase or the need for residency permits before purchasing. Whether you are looking for residential, commercial, or investment properties, the real estate market in Curaçao is open to international buyers, offering diverse options to suit your needs.

Are there property taxes in Curaçao?

Curaçao has property taxes, but they are relatively low compared to many other countries. The property tax, known as “Onroerende Zaakbelasting,” applies to property owners and is calculated based on the value of the property. Additional taxes include a transfer tax at the time of purchase and, in some cases, income tax if you rent out the property. These low taxes are one of the reasons Curaçao is attractive to foreign buyers.

Do I need residency to buy property?

No, you do not need to be a resident of Curaçao to buy property. Non-residents can freely purchase property and do not need to obtain any special permissions or residency status to complete the transaction. However, if you plan to live in Curaçao for extended periods, you may need to apply for a residency permit depending on your nationality and length of stay.

What types of properties are available?

The real estate market in Curaçao offers a wide range of property types, including luxury beachfront villas, modern condominiums, apartments, townhouses, and commercial properties. Whether you’re looking for a vacation home, rental investment, or a permanent residence, Curaçao’s property market caters to a broad spectrum of tastes and budgets, with many properties featuring ocean views, private pools, and access to beaches.

How secure is property ownership in Curaçao?

Property ownership in Curaçao is very secure, thanks to its Dutch-based legal system. Ownership rights are well-protected, and all property transactions must go through a notary, who ensures that titles are clear and the property is free of encumbrances. This legal framework provides peace of mind for buyers, as it minimizes risks such as fraud or disputes over ownership.

What is the process of buying property in Curaçao?

The property buying process in Curaçao is straightforward but involves several important steps. After selecting a property, a purchase agreement is signed. A notary is required to handle the legal aspects, including due diligence to confirm property ownership and title. The notary also handles the transfer of ownership and payment of transfer taxes. The entire process can take a few weeks to complete, depending on the complexity of the transaction.

Can I rent out my property in Curaçao?

Yes, you can rent out your property in Curaçao, whether on a long-term or short-term basis. Vacation rentals are particularly popular due to the island’s tourism industry. Many property owners use platforms like Airbnb to rent their homes to tourists. Be aware that rental income is subject to tax, and you may need to comply with certain regulations regarding short-term rentals if you go that route.

What are the costs associated with purchasing property?

In addition to the purchase price of the property, there are several other costs to consider. These include a transfer tax of 4% on the purchase price, notary fees (typically 1-2% of the property value), legal fees for due diligence, and potentially real estate agent commissions. Buyers should also account for ongoing maintenance and, if applicable, homeowners' association fees.

How is the real estate market in Curaçao?

The real estate market in Curaçao is stable, with growing demand from both local and international buyers. Its appeal as a vacation destination and its advantageous tax structure make it a popular choice for investment properties. Property values in prime locations, especially near the coast or tourist hotspots, tend to hold or increase in value. Additionally, the island’s infrastructure and steady tourism contribute to a healthy real estate environment.