pygg is a Curaçao fiduciary trust service provider fully licensed and supervised by the Central Bank of Curaçao and St. Maarten. We have a fiduciary duty of loyalty and care and commit to diligently acting in the best interests of our clients and beneficiaries. Our fiduciary duties include the duties of care, confidentiality, loyalty, obedience, and accounting.
Our fiduciary team provides a comprehensive range of services for our corporate clients and private individuals and their successors including asset management and estate planning, company formation, domiciliation, management, legal, financial, accounting and tax services.
With our technological resources and more than 100 years of combined expertise, we are able to meet all of our client’s complex as well as straight-forward business operations and short- and long-term financial goals. By utilizing our network and business associates, our clients also benefit from our long established and trusted business partnerships and diverse teams of tax, legal and financial experts both domestic and globally.
The Curaçao private foundation was originally established by religious and non-profit or charitable organizations and is still frequently utilized by them. Distributions are restricted by law to distributions with a charitable or social purpose.
A Curaçao private foundation (or “stichting” in Dutch) is a separate legal entity utilized to protect assets and estate planning. For the purpose of international tax and estate planning, the private foundation has been introduced as a flexible variant of the long existing “common” foundation which variant is comparable to a trust. the Dutch name is Stichting Particulier Fonds, abbreviated SPF. The SPF law enacted in 1998 governs the formation, management and liquidation of private foundations in Curaçao.
A Curaçao investment company is generally utilized as a passive holding company or a passive financing company or an active intellectual property company (or a combination thereof). Passive income is derived from dividends or interest, or royalties.
If the investment company meets certain qualifying criteria, it can make use of a very favourable tax regime.
Curaçao has positioned itself as one of the world’s leading e-commerce hubs. with its state-of-the-art information and communication technology including a tier IV data center and several direct satellite and submarine optic fiber cables, Curaçao has one of the highest internet speed and reliability in the Caribbean region.
With e-commerce laws that govern agreements to be concluded electronically and an Economic Free Zone Act that provides facilities for e-commerce companies and a regulated and supervised internet gaming and entertainment industry, Curaçao provides many competitive ICT and e-commerce incentives to settle on the island.