Curaçao is an overlooked, underappreciated, and relatively untapped jurisdiction for offshore bank account opening. This is especially true for individuals and business owners just getting started in the offshore world.
With relatively low deposit requirements, accessible offshore banks, high-risk tolerance, and not being listed on any blacklists, Curaçao could be worth a look.
Use the information below to learn more about banking in Curaçao or select the type of account you’re interested in to start exploring your options now.
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Curaçao Bank Account Opening
In this free country guide, we’re going to help you navigate how to open a bank account in Curaçao. This will include personal banking and business banking for foreigners, non-residents, and international entities.
We will also be digging into banking regulations in Curaçao, how to send and receive money from Curaçao, and the Curaçao banking system more broadly.
As always, feel free to use the table of contents to find the most relevant information for your Curaçao banking needs.
Table of Contents
How to Open a Bank Account in Curaçao
Before taking a look at the step-by-step process to open a bank account in Curaçao, it’s important to understand the key considerations and clients that Curaçao banks accept.
With this in mind, here’s a quick snapshot of key bank account opening considerations and the prospective clients that can consider opening here.
Of course, not all Curaçao banks accept all client types. In fact, in most cases, the largest banks in Curaçao only accept local residents and local businesses.
That said, there are Curaçao banks that actively accept foreign non-resident clients. This is why we prepared a dedicated list of banks in Curaçao to help you navigate your options.
If you correctly choose a bank that accepts foreign non-residents, remote opening is usually possible. This is true for most nationalities, residencies, and countries of registration.
Likewise, very few Curaçao banks will accept foreign or offshore companies and structures. However, the banks that do accept these clients, can often accept companies from a wide range of jurisdictions. Of course, opening in Curaçao will be easier for a company when it has ties to the country, but this is not a firm requirement.
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Who Can Open Offshore Bank Accounts in Curaçao?
There are a number of factors that go into determining who can open an offshore bank account in Curaçao. These factors range from involved countries, transaction activity, source of income and wealth, risk profile, deposit, and much more.
We discuss all of these factors and more in GlobalBanks IQ for our premium members. In short, GlobalBanks IQ helps members navigate their unique client profile, understand their risk factors, and determine how to clearly and accurately communicate with banks.
By following our approach and using our insights, members avoid accidentally red-flagging themselves by saying things that could be misconstrued or misinterpreted by bankers and compliance teams.
So, if you’re interested in learning more about GlobalBanks IQ and how you can start opening bank accounts in Curaçao today when you join, click here.
Personal Bank Accounts in Curaçao
Personal bank accounts in Curaçao can be opened by foreign non-residents, foreign temporary residents, foreign permanent residents, and of course foreign nationals living in Curaçao and abroad.
In other words, regardless of your residency status, it is possible to open a personal bank account in Curaçao if you choose the right bank and navigate the account opening process correctly.
Needless to say, banking in Curaçao can be a good choice for anyone seeking offshore banking with exposure to the official currency of Curaçao, Netherlands Antillean guilder (ANG). But it is also possible to open foreign currency (e.g. USD) accounts on the island.
That said, restrictions do apply to certain nationalities, residencies, and certain risk profiles. So, understanding your client profile and how banks perceive you is important before approaching bankers and applying for accounts.
You can access our free guide on opening a personal bank account in Curaçao by clicking here. This guide shares the step-by-step process to start opening accounts and selecting a bank that is right for you.
Business Bank Accounts in Curaçao
Business bank accounts in Curaçao can be opened by a surprising number of foreign and offshore companies. All of which, can be opened remotely with relatively low deposits.
Of course, restrictions apply to certain countries of registration, operation, and business activities. So, knowing which banks will realistically accept your company is important.
However, finding a bank that is willing to accept your foreign or offshore company is not any easy task. In fact, one of the biggest challenges is finding a banker that will even pick up the phone, respond to email, or give you clear information on account opening requirements, fees, and restrictions.
You can access our free guide on opening a business bank account in Curaçao by clicking here. This guide covers the important considerations for both foreign and offshore entities.
Risks of Banking in Curaçao
Yes, there are risks when banking in Curaçao. That said, this is true in any country that you might be considering opening accounts in.
Of course, there are Curaçao-specific risks that all prospective account openers should consider before opening accounts. These risks may impact how to send money to Curaçao, and they can impact the specific banks that you decide to open with.
With this in mind, our team has covered the most common Curaçao banking risks, which can access here.
Curaçao Banking Resources
To help you successfully open a bank account in Curaçao, our team of banking experts has prepared step-by-step account opening instructions for the best non-resident banking options in the country. This includes actionable banking insights, detailed bank profiles, bank specific client preferences, and information that you can’t find anywhere else.
Here is a look at all of the banking resources that you can access right now to help you navigate your Curaçao banking options:
These resources are delivered exclusively to our premium members through GlobalBanks IQ, which you can unlock immediately.
GlobalBanks IQ provides immediate access to everything you need to open Curaçao Bank Accounts for you or your business!
- Choose banks in minutes with our international banking database
- Open accounts with detailed step-by-step instructions
- Handle banker questions easily with detailed conversation scripts
- Meet bank requirements (e.g. local address) with proven solutions
- Unlock exclusive offers from the best banks in our member reports
- Receive lists of banks that accept high-risk & offshore businesses
- Plus much more!
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Frequently Asked Curaçao Banking Questions
Below are three of the most common questions we receive from people looking to open a bank account in Curaçao. If you have additional questions that you’d like to ask our team, don’t hesitate to get in touch.
Can Foreigners Open a Bank Account in Curaçao?
Yes, foreigners can open a bank account in Curaçao. In fact, foreigners can open Curaçao bank accounts 100% remotely, with reasonable deposits, for both themselves and their businesses. That said, Curaçao banks do tend to charge higher fees than other banks in the Caribbean, though they are more accessible to a wider range of prospective clients.
Which Is the Best Bank in Curaçao?
The best bank in Curaçao will be different for each individual and business looking to open accounts. This is because each bank has different account opening requirements, different client preferences, and offers different services. With this in mind, it’s important to understand your client profile and desired services before choosing where to open accounts.
Can Foreigners Open a Bank Account?
Yes, foreigners can open a bank account in Curaçao. In fact, foreigners can open accounts in Curaçao without visiting the island, with limited ties to the island or region, and with reasonably low deposits. This is very different from opening in most other Caribbean banking hubs, where account opening has become more challenging in recent years.
Which Caribbean Country Is Best to Open a Bank Account?
Which Caribbean country is best to open a bank account depends on your specific client profile. Likewise, country choice also depends on where you can demonstrate economic substance, meet deposit requirements, and successfully complete account onboarding. For example, certain jurisdictions like Curaçao are relatively easy for account opening while others, like the Cayman Islands, are more difficult.
Free Curaçao Banking Resources
Below you’ll find our archive of free Curaçao banking resources to assist with account opening.
This includes detailed articles to help you open bank accounts explaining how to navigate challenges for specific client types and more.