Curacao is a popular destination for Dutch citizens dreaming of a second home in the sun or even relocating permanently to this Caribbean island. As a Dutch national, there are many opportunities to buy property in Curacao without significant hurdles. In this blog, we’ll guide you through the most important steps and considerations when purchasing real estate on the island.

1. No Restrictions for Foreign Buyers

The good news for Dutch citizens is that there are no restrictions on purchasing property in Curacao. While Curacao is an autonomous country within the Kingdom of the Netherlands, its legal system is familiar to Dutch nationals, making the buying process straightforward without additional bureaucratic hurdles often encountered in other countries.

2. The Benefits of Using a Local Real Estate Agent

While it's possible to search for property on your own, enlisting the help of a local real estate agent is highly recommended. An agent has deep knowledge of the local market and can assist you in finding the right neighborhood, negotiating the best price, and drafting necessary contracts. Additionally, a local agent understands the island's laws and can guide you through the legal process.

3. The Role of the Notary

Just like in the Netherlands, all real estate transactions in Curacao must be processed through a notary. The notary ensures that the deed of ownership is properly drawn up, that the transfer of ownership is legally sound, and that all parties fulfill their obligations. This offers additional security when buying a property in Curaçao.

4. Mortgage Options

Dutch citizens can apply for mortgages both at local banks in Curacao and at Dutch banks. Some Dutch banks even offer special programs for purchasing property in the Caribbean. Mortgage conditions can vary, so it’s advisable to consult several banks for advice. Keep in mind that interest rates and terms may differ from what you're used to in the Netherlands.

5. Costs of Buying Property: What to Expect

As in the Netherlands, buying property in Curaçao involves "kosten koper" (buyer's costs). These costs will include:

• Notary fees: for preparing the deed of ownership and handling the transaction.
• Transfer tax: typically around 4% of the purchase price.
• Real estate agent fees: usually about 3-5% of the purchase price. It’s essential to factor these costs into your total budget to avoid unexpected expenses.

6. Tax and Legal Considerations

Curacao has its own tax system, but tax treaties between the Netherlands and Curacao are in place to prevent double taxation. If you purchase property on the island, it may affect your tax filings in both the Netherlands and Curacao. Consulting a tax advisor familiar with the regulations of both countries is wise. This advisor can help you structure your property ownership optimally, especially if you plan to rent the property or use it as an investment.

7. Residence Permit

As a Dutch citizen, you don’t need a visa to travel to Curacao. However, if you plan to stay for more than six months a year, you will need to apply for a residence permit. The process is straightforward, but it's a good idea to start well in advance.

8. Maintenance and Insurance

Properties in Curacao require diligent maintenance due to the tropical climate. High humidity, warm temperatures, and the potential for tropical storms can affect the condition of your property. Ensure that you have a solid maintenance plan in place and secure comprehensive insurance to cover any damages caused by natural events.

9. Sustainability and Energy Costs

While Curacao enjoys plenty of sunny days, energy costs can be high. Consider investing in sustainable solutions like solar panels and energy-efficient appliances to reduce your monthly bills.

Buying property in Curacao as a Dutch citizen is an appealing and achievable option. With a solid legal framework and minimal restrictions, you can proceed with confidence. By utilizing the expertise of local professionals like real estate agents and notaries and addressing tax and legal considerations, you can make a successful purchase and enjoy your own slice of paradise.

Are you interested in purchasing real estate in Curacao? Contact our real estate agency for personalized advice and a selection of the island’s best houses and apartments. We’re here to assist you every step of the way!

If you have a specific question about one of these topics or a particular area, feel free to reach out to adriaan@sunlife-wp.devshs.com for more information.