Tuesday, February 11, 2020

A Guide to Buying Property in Curacao for Foreign Buyers

With a high standard of living, high-income economy, progressive culture and welcoming people, Curacao is a wonderful destination with so much to offer.

If you are currently considering investing in real estate in Curacao but you are wondering “where are the best places to homes for sale in Roatan Honduras?” or “how do I go about owning property in Curacao as a foreign buyer” then this guide is for you.



Our guide takes you through the process of buying property in Curacao from beginning to end, including an introduction to the real estate market, the buying process and the taxes you will need to be aware of.

Buying Property in Curacao

Can Foreigners Buy Property In Curacao?

Yes, foreigners can buy property in Curacao and the Government of Curacao welcomes investment from overseas buyers. There are no restrictions on foreign buyers acquiring real estate in Curacao and foreign buyers enjoy the same rights as citizens. Foreign buyers may purchase either freehold property land or lease land which is a very common means of property ownership in Curacao. Furthermore, foreign buyers do not need to become a resident in order to buy property in Curacao.

BUYING PROCESS

Buying property in Curacao is a relatively simple process, which typically involves the following steps:
  1. Begin your property search.
  2. Find your perfect property and make an offer.
  3. Once a Sale / Purchase Agreement has been concluded,
  4. The Notary process typically takes 6 to 8 weeks and Notary fees amount to approximately 1% of the purchase price.
  5. The buyer will be contacted by the Notary to sign the deed and make the final payments.
  6. Pay all required taxes and fees.
  7.  

Transfer Tax
Upon closing, buyers are required to pay a 4% Transfer Tax in Curacao.

Property Tax

There is also an annual Property Tax which ranges from 0.4% to 0.6% depending on the value of the property.

Lease Land

In addition to the property purchase process described above, there is a second route to property ownership in Curacao which is relevant to lease land.
In the case of a lease land, the property is leased from the government of Curacao typically for a period of 60 years in exchange for the payment of an annual fee.

For the duration of the term of the lease, the lessee may treat the property as if he/she were the actual owner (subject to any restrictions or conditions imposed by the government).

Once the period of the lease comes to an end, leases are typically renewed by the government.

If the government is unable to renew, the owner is compensated at the current market rate for improvements made to the property.

This is a common route to purchasing property in Curacao and many non-residents have purchased property in this way.

Search Curacao Real Estate Listings

As specialists in luxury Caribbean property, we can introduce you to a wide selection of the finest residential property in Curacao.

Homes for Sale & Condos for Sale

Our website is the ultimate destination to discover a wide selection of villas, selling your home in Curacao, as well as apartments and condos for sale in Curacao.

Land for Sale

You can also browse undeveloped land. Purchasing a lot of land provides you with a blank canvas and the opportunity to build your dream home in Curacao.

Whether you are looking for beachfront land or a centrally located lot, we’re here to help you find the perfect lot of land for sale in Curacao.

For larger parcels of land for commercial development, please see our commercial real estate listings.

Hotels for Sale

Searching for hotels for sale in Curacao? Browse hotels, B&BS and guests houses right here.

Finding the Perfect Property For Sale In Curacao

Discover the most sought after real estate investment opportunities and benefit from unrivaled insight into the market.

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Reasons to Invest In Curacao

As the most developed of the ABC islands, Curacao offers a high standard of living within an economically stable parliamentary democracy.
Diversified economy with well developed financial, energy and tourism sectors and a currency pegged to the US Dollar.

Popular tourism destination with a strong rental market and diverse range of activities for both visitors and residents.

Highly accessible destination for property buyers via direct international flights to Willemstad from the Netherlands.


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