As the owner of substantial amounts of cash, you might be subject to high taxation rates

As a result of Curaçao legislation, a private foundation is allowed to act as investment company.

If you own a checking, savings or mutual funds accounts, either in private or in the name of a legal entity, in a foreign country where interests from deposit accounts are taxable (source tax), your bank will deduct  a certain percentage of source tax, before paying the interest to you.

The Private Foundation as the owner of a deposit account or as an investor offers an ideal solution.

Since January 2004 banks in most of the EG countries are held to pass on the names of foreign savers, being EG citizens, to the tax authorities in their country of living.

In Curaçao, no tax is being charged on interest generated in checking, savings or mutual funds accounts held in the name of the Private Foundation. Curaçao hosts branches of many international financial institutions that gladly open an account in the name of your private foundation.