WILLEMSTAD — The Antillean government has just introduced a new permit system for investors. This admittance permit has been named investors permit and is directed towards bona fide substantial foreigners who wish to stay in the Netherlands Antilles, without electing domicile, or establishing themselves business wise.
The Ministerial Order (MB) regarding the investors permit states that the relevant investors should serve an Netherlands-Antillean interest, by bringing in foreign exchange, stimulating the economical development, and also contributing to the community through investments in, amongst others, real estate on the various islands. The regulation is directed towards, amongst others, independent entrepreneurs, academic migrants, foreigners bringing in foreign exchange, and foreigners stimulating the economical development of the islands.
In order to qualify for the investors permit, an investor must comply with a series of conditions. In general, these conditions are similar with those applied with the regime for the pensioners’ regulation. The most important condition will be that the investor is obligated to make a business investment and/or purchase real estate with a total value of minimal 650.000 guilders. This investment should be realized eighteen months after the first request at the latest. In addition, the investor should deposit 50,000 guilders into the Crime Combating Fund. The investor may reside in the Antilles for a maximum of 120 days per year, while he or she must take out a medical insurance with a minimum coverage of the Social Insurance Bank (SVB) with a well-established insurance company.
News article taken from www.amigoe.com