Penshonado/rentier legislation

A penshonado/rentier is a Dutch citizen or foreigner who wants to enjoy the tax benefits of the penshonado/rentier-legislation and status. This law is intended to make it attractive for wealthy people to settle on Curaçao. Consequently, the economy is stimulated, for example, by the purchase of houses and other investments.

If you want to qualify for the penshonado-status, according to the Landsverordening Inkomstenbelasting (National Income Tax Ordinance) (Articles 23B/C/D/E) you must meet certain conditions such as amongst others you should qualify for admission in the sense of the National Admission and Deportation Ordinance (LTU).

In case you do not meet the requirements for the status, your permit will be revoked and as a consequence, the benefits are forfeited.

Requirements for application of the law

The National Income Tax Ordinance lists the conditions to be fulfilled in order to qualify for this scheme. One of the conditions is that you must have indefinite leave to enter.

You must:

  • The National Income Tax Ordinance lists the conditions to be fulfilled in order to qualify for this scheme. One of the conditions is that you must have indefinite leave to enter.
  • just before the year of application not have lived in Curaçao for a continuous period of at least five years;
  • be at least 50 years old at the time of registration in the Civil Registry;
  • within two months of registration in the Civil Registry as a taxpayer with the competent Tax Inspector wishing to qualify for the penshonado-status, which should be included in the permit;  
  • within 18 months of registration in the Civil Registry own a property available for personal use. This property must have a value of at least Naf. 450,000 when you purchase it;
  • be admitted as referred to in Article 1 of the National Admission and Deportation Ordinance  (LTU);
  • be admitted under the National Admission and Deportation Ordinance (LTU) on the basis of a residence permit or a “Verklaring van Rechtswege”. In accordance with the National Ordinance you will receive a residence permit listing as purpose of the stay:  using the penshonado-scheme.

Required documents

  • Copy valid passport.
  • Copy birth certificate, legalized or bearing an apostille stamp (not older than 6 months).
  • Certificate of Good Conduct (not older than 3 months).
  • If you are married: a copy of the marriage certificate, legalized or bearing an apostille stamp (not older than 6 months).
  • If you have children: an application/registration form of a local school.
  • If one of the parents of one of the children cannot accompany you to Curaçao:
    1. copy of passport of the parent staying behind; or
    2. consent form from the parent staying behind; or
    3. if either the father or the mother has sole custody a copy of the custody award given by the Court.
  • Proof of sufficient resources to be substantiated by:
    1. a statement drawn up by a local accountant or accounting office.
    2. a statement drawn up by a bank in which the bank declares that the applicant avails of sufficient resources to provide for their living and for their family members.
  • Guarantee form, to be fully completed and signed by the applicant accompanied by a Naf. 5.00 stamp.

It is imperative that the application and the subsequent procedure are properly carried out. We recommend that you hire a professional to arrange for the penshonada-application on your behalf.

Requirement with regard to submitting the application

When submitting your request, you (and your family) must be living abroad pending the decision. NOTE: the application cannot be submitted by you; this must be done by a legal or authorized representative. The latter must have the authority to submit documentary evidence. Copies of the applications and permits under the penshonado/rentier legislation will be forwarded to the Tax Inspectorate.

If your application is rejected, you (or your representative) will receive the decision rejecting the application by registered mail. The decision becomes final the moment the decision was sent. The decision lists appeal procedures. For further information about the terms of the National Income Tax Ordinance see www.belastingdienst.cw and www.pensionado-curacao.info.