Employer of Record (EOR) in Curacao

Curacao
Rivermate's Employer of Record solution helps companies hire remote employees in
Curacao
. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

Our Employer of Record solution is beneficial to companies that want to hire remote employees in a breeze. On this page you will be find employment information for
Curacao
.
Employer of Record people
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Currency
Nl Antillian Guilder
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Capital
Willemstad
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Region
Americas
Megaphone
Language
Dutch
Hire remote employees
Population
164093
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GDP
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GDPĀ growth
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World GDPĀ share

1. Grow your team in Curacao with Rivermate as your Employer of Record (EOR) / PEO

Payroll, benefits, taxes, and compliance can be difficult to manage in

Curacao

, particularly if you don't have established local relationships. You can hire employees in

Curacao

effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

2. Summary

CuraƧao is an island republic in the southern Caribbean Sea and the Dutch Caribbean area, roughly 65 kilometers (40 miles) north of Venezuela's coast. It is a member of the Kingdom of the Netherlands (Dutch: land). It is one of the ABC islands, along with Aruba and Bonaire. CuraƧao, Aruba, and other Dutch Caribbean islands are commonly referred to as the Dutch Caribbean.

CuraƧao was previously known as the CuraƧao and Dependencies colony from 1815 to 1954, and then as the Netherlands Antilles from 1954 to 2010, as the "Island Territory of CuraƧao" (Dutch: Eilandgebied CuraƧao, Papiamento: Teritorio Insular di Krsou), and is now formally known as the Country of CuraƧao (Dutch: Land CuraƧao, Papiamento It consists of CuraƧao's main island and the considerably smaller, uninhabited island of Klein CuraƧao ("Little CuraƧao"). CuraƧao has a population of 158,665 people (as of January 2019) and an area of 444 square kilometers (171 square miles); its capital is Willemstad.

3. Public holidays

4. Types of leave

There is no information about the types of leave for this country.

Paid time off

Public holidays

Sick days

Maternity leave

Paternity leave

Parental leave

Other leave

5. Employment termination

There is no information about employment information for this country.

Termination process

In general, there are four ways in CuraƧao to cancel an employment contract:

Termination without cause, in which case prior approval from the Director of the Ministry of Social Development, Labor, and Welfare (Ministerie van Sociale Ontwikkeling, Arbeid en Welzijn) is required pursuant to the National Ordinance Terminating Employment Agreements (Landsverordening Beindiging Arbeidsovereenkomst). Without such permission, a notice-based termination would be deemed null and invalid, unless the National Ordinance Termination Employment Agreements does not apply to a particular labor connection. For example, the National Ordinance on Termination of Employment Agreements does not apply to teaching and lecturing employees employed by educational institutions.

Termination agreed to by both parties. Termination by mutual consent is conceivable at any moment, and in such case, the employer and employee may freely discuss the terms and conditions of the employment agreement's termination.

Dissolution of the employment contract by the CuraƧao Court of First Instance.

Immediate termination of the employment agreement, which is permitted only if there is an urgent cause to do so. Such an emergency cause and the impending termination must be disclosed to the employee 'immediately.'

If an employee is terminated by giving notice after receiving the requisite consent or if the employment agreement is dissolved by the Court of First Instance, it is conceivable that the employee will be entitled to (termination) compensation.

For the interest of completeness, it is noted that employment agreements entered into for a specified length of time automatically end at the expiration of the specified period of time (unless otherwise agreed).

Notice period

When an employment arrangement is terminated by giving notice, a notice period must be taken into account. The length of the notice period is proportional to the number of years the employee has worked at the time of termination. The following are the mandatory notice periods that the employer must consider. The notice period will be one month if the work relationship is less than five years. The notice period is two months for employees who have worked for the organization for more than five but less than ten years. If the position lasted more than ten years but less than fifteen, the notice period will be three months. The notice period is four months if the employment relationship has lasted longer than fifteen years. If both parties agree in writing, employers may extend the notice time they take into account (shortening the notice period to be taken into by the employer can only take place in a collective employment agreement).

If the remaining notice period is at least one month, the waiting period for approval from the Director of the Ministry of Social Development, Labor, and Welfare may be reduced from the notice period.

Probation period

There is no statutory probation period in Curacao.

Severance pay

Severance pay is computed as follows. Severance pay is equal to one week's earnings for each complete year of service from the first to the tenth. From the eleventh to the twentieth complete year of employment, severance compensation is equal to one and a quarter weeks' salary. For future years of service, severance compensation is equal to two weeks' salary for each year of service. A period of duty lasting more than six months beyond the first year is considered a full year of service.

6. Working hours

There is no information about the working hours for this country.

General working schedule

Overtime

7. Minimum wage

There is no information about the working hours for this country.

CuraƧao's new minimum wage for employees 21 years or older is ANG 9.62 gross per hour in 2020. This represents an increase of 0.25 cents gross per hour over the previous year. 9.62 ANG per hour equates to 384.80 ANG per week or 1,666.18 ANG per month.

8. Employee benefits

There is no information about the working hours for this country.

9. Taxes

There is no information about the working hours for this country.

Corporate tax

Companies in Curacao are subject to a corporate tax rate of 22 percent.

Individual income tax

Individuals in Curacao are imposed an income tax rate that ranges from 9.75 percent to 46.5 percent. The actual percentage varies depending on the income tax bracket the individual belongs to.

VAT, GST and sales tax

The value-added tax (VAT) and goods and sales tax (GST) in Curacao vary depending on the type of good or service provided. Generally, the tax rates are either 6 percent, 7 percent, or 9 percent.

10. VISA and work permits

There is no information about the working hours for this country.

In general, travellers with a valid passport may enter CuraƧao without a formal authorization and stay for up to 90 days. However, certain nations (for example, Cuba and Haiti) are required to submit a tourist visa as part of our admission criteria. A visa should be sought for at least one month in advance at any Dutch representation (in the concerning country). Visitors from the United States must have a passport in order to re-enter the country.

Nationals of the Dominican Republic, China, and India are exempt from applying for a visa if they have a valid multiple entry visa for the United States, Canada, or the Schengen nations (Europe).

Colombian nationals no longer need a visa to enter CuraƧao as of July 1, 2015. Venezuelan citizens will need a visa to visit CuraƧao from January 15, 2021.

11. Employer Of Record service terms

There is no information about the working hours for this country.

Employment contracts

In the Netherlands, employment contracts must be drafted and presented in the local language. They might be indefinite or for a set period of time no greater than three years. The following are the important clauses of the employment contract:

If the contract is for a certain period of time, the term

The work environment

Salary information

Working hours and overtime policies

The notice period for termination

The employee's responsibilities

Whether or whether a collective labor agreement is applicable

The employment contract may include a trial period that is no longer than one month if the contract length is two years or less, or two months if the contract term is more than two years.

Minimum assignment length

There is no set length for assignments. This is usually indicated in the employment contract for fixed-term employments.

Payment currency

Euro

13.Opening a subsidiary in Curacao

There is no information about the working hours for this country.

How to set up a subsidiary

Subsidiary laws

13. Why choose Rivermate as your Employer of Record / PEO in Curacao

Establishing an entity in

Curacao

to hire a team takes time, money, and effort. The labor law in

Curacao

has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into

Curacao

simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record solutions in

Curacao

give you peace of mind so you can focus on running your business.

Please contact us if you'd like to learn more about how Rivermate can help you hire employees in

Curacao

via our Employer of Record / PEOĀ solution.

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