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ARTICLE · 27 NOVEMBER 2012

Curaçao’s Flexible Private Foundation Regime

One could be forgiven for not having noticed the dissolution of the Netherlands Antilles and the creation of two new countries in 2010: Curaçao and Sint Maarten.

Wealth Management
Adriaan Struijk
Adriaan Struijk

One could be forgiven for not having noticed the dissolution of the Netherlands Antilles and the creation of two new countries in 2010: Curaçao and Sint Maarten. Maybe it was because it was not a particularly spectacular parting. No fighting was involved, but it was a lengthy process, involving several referenda. The Netherlands Antilles consisted of five Caribbean Islands. Three of those islands (Bonaire, Sint Eustatius, and Saba) became separate municipalities of the Kingdom of the Netherlands, albeit with substantially more autonomy than municipalities in the Netherlands proper. Curaçao and Sint Maarten became countries within the Kingdom of the Netherlands. The Netherlands remains responsible for foreign affairs and defence and the highest court of appeal resides in the Netherlands. Aside from the governor which is appointed by the government of the Netherlands these countries have a locally elected government and enjoy autonomy in most areas, especially since they

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