Taxation
The Fund has applied for the Curaçao Investment Company (“CIC”) status. Under the CIC status the fund is subject to a 0% tax rate.
Taxation of returns from assets located outside of Curaçao may reduce any net return to the Fund. To the extent that any assets and/or companies that the Fund acquires are established outside of Curaçao, it is possible that any return the Fund receives from these investments may be reduced by irrecoverable foreign withholding tax or other local taxes.
Changes in tax law may reduce any net returns for shareholders. The tax treatment of holders of Investor Shares is subject to changes in tax laws or practices in Curaçao or any other relevant jurisdiction. Any change may reduce any net return derived by Investors from an investment in the Fund.
There can be no assurance that the Fund will be able to make returns for Investor Shareholders in a tax-efficient manner. The Fund has made certain assumptions regarding taxation. However, if these assumptions are not borne out in practice, taxes may be imposed with respect to any of the Fund’s assets, or the Fund may be subject to tax on its income, profits, gains or distributions in a particular jurisdiction or jurisdictions in excess of taxes that were anticipated. This could alter the post-tax returns for Investors (or Investors in certain jurisdictions) and adversely affect the level of return for Investors. Any change in laws or tax authority practices could also adversely affect any post-tax returns of capital to Investor Shareholders or payments of dividends (if any, which the Fund does not envisage the payment of, at least in the short to medium-term). In addition, the Fund may incur costs in taking steps to mitigate any such adverse effect on the post-tax returns for Investor.
A holder of Investor Shares who tax purposes is not a resident of Curaçao and who, during the taxable year, has not engaged in a trade or business in Curaçao will not be subject to Curaçao income tax with respect to any income arising from gains realized upon the sale, redemption, conversion or exchange of Investor Shares. No withholding tax on account of any Curaçao taxes is required by the Fund with respect to any gains realized by a holder of Investor Shares upon the sale, redemption, or conversion of Investor Shares.
The Fund will not be required to withhold any income tax in Curaçao on distribution of dividends (if any) or from gains realized in selling or redeeming Investor Shares.
Individuals who are not residents of Curaçao are not subject to any Curaçao gift, estate or inheritance tax by reason of the ownership of Investor Shares of the Fund Prospective investors are advised that as a result of changing laws or practice, or unfulfilled expectations as to how the Fund or investors will be regarded by revenue authorities in different jurisdictions, they should consult their professional advisors on the possible tax consequences of their subscribing for, purchasing, holding, selling or redeeming Investor Shares under the laws of their countries of citizenship residence or domicile.
The Fund has obtained from the Central Bank a foreign exchange license and general exemption from the Curaçao Foreign Exchange Control Regulations.
+59 99-7380145
Book a day with us