Structures for doing business
The mandatory regulations with regard to legal entities under private law (such as the foundation and the (private) limited liability company) which can be used for doing business in Curaçao, are contained in Book 2 of the Civil Code. The legal entities explicitly regulated are:
- The foundation (stichting);
- The private foundation (stichting particulier fonds, SPF);
- The association (vereniging);
- The cooperation (coöperatie);
- The trust (trust);
- The mutual guarantee company (onderlinge waarborgmaatschappij);
- The public limited liability company (naamloze vennootschap, N.V.); and
- The private limited liability company (besloten vennootschap, B.V.).
The N.V. and the B.V. are, beside the sole proprietorship (eenmanszaak) the most common formal structures for the conduct of business in Curaçao. The sole proprietor is not regulated in Book 2 of the Civil Code; neither are the Curaçao law partnerships.