Curaçao introduces efficient online regulatory approval process for Fundstargeting professional investors

Centrale Bank van Curaçao en Sint Maarten (CBCS) has officially introduced the electronic
application form for a fund license exemption request, aimed at investment institutions
targeting professional parties. The form significantly accelerates the fund license exemption
application process for investment institutions and guides them through relevant
documentation and information mandatory for exemption, as required by the National
Ordinance on the Supervision of Investment Institutions and Administrators (NOSIIA).
The CBCS, the regulating entity for investment institutions in Curaçao, has introduced the
electronic Application Form for Exemption Request for investment institutions offering
investments to professional parties along with an amended policy, highlighting the changes
relevant to the investment institutions concerned.

Eugene Rhuggenaath, Lead contributor in the fund committee of the Curaçao International
Financial Services Association (CIFA) and the Curaçao International Financial Center (the
representative bodies of the Curaçao Financial Sector) said:

“The Curaçao financial sector is very pleased with the introduction of this electronic portal by the CBCS, as it signifies a significant milestone in enhancing the appeal and safety of Curaçao’s financial sector for businesses and investments. Straightforward as it may seem – the portal was subject to careful assessment and thorough legal consultation, as part of our overall strategic efforts to internationally promote and position Curaçao as both an appealing and safe jurisdiction for business and investment. We are proud of the portal’s implementation and are looking forward to the positive effects it will bring forth – especially the quality increase of service and process to investment institutions that have chosen Curaçao as a registered location of business.”

Further information about the introduction process of the portal, the application guidelines,
and about other important developments up ahead for fund services in Curaçao will be
announced shortly.

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