In 2020, the COVID-19 pandemic took a massive toll on the economy of the monetary union of Curaçao and Sint Maarten. This was due to their economic dependency on tourism, which fell by more than 50% after the outbreak in 2020. Despite the substantial response measures financed by The Netherlands, real GDP contracted by an unprecedented 20.2% in Curaçao. Curaçao and Sint Maarten are struggling with a high rate of inflation, which erodes purchasing power. Average consumer prices increased by an estimated 2.7% in Curaçao. The outlook remains challenging, but agreements with the Netherlands should significantly help and boost overall economic growth. The projected growth of 6.5% in 2021 would come from an increase in net foreign demand mitigated by a decrease in domestic demand. (Sources: CBCS, IMF, and Curaçao Chronicle).
A trusted professional employment organization with in-depth knowledge of the market in Curacao, XML International provides you with end-to-end personalised solutions to recruit and manage remote team members for your activities in Willemstad or any other city in Curacao, regardless of the size of your organisation or your industry.
Employees will be employed pursuant to local labour laws, and all required social security and taxation will be paid to the local Authorities.
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Netherlands Antillean Guilder ANG
Dutch, Papiamento, English
Minimum wage in Curacao is 9.52 ANG
Maximum working hours are 10 hours per day and 40 hours per week.
For each year, which the worker has been working consecutively with the same employer, you are entitled to a vacation of at least three times the contracted number of workdays per week with pay
After the third day of the sick leave (determined by the social security doctor), the worker is entitled to 80% of the of the calculated daily wage, for a maximum of 52 weeks.
Female workers are entitled to 14 weeks maternity leave and they receive 80% of the calculated daily wage.
There is no statutory regulation for paternity leave in Curacao.
Notice period will depend on the duration of the employment. If the worker has been employed:
For less than 5 years: 1 month’s notice
For more than 5 years, but not exceeding 10 years: 2 months’ notice
For more than 10 years, but not exceeding 15 years: 3 months’ notice
For more than 15 years: 4 months’ notice.
The standard VAT rate is 6%.
If you want to benefit from XML employment expertise in Curacao, we invite you to fill the form below and we’ll get back to you shortly.
XML International, one of the best workforce solutions and employer of record services providers for Curacao, supports the set-up and the management of your international workforce for all your activities in Curacao. Our invaluable input consists of streamlining and handling for you the complete employment lifecycle of your teams in Curacao. We give you all the keys to handle you staff in Willemstad or any city in Curacao. XML’s knowledge of Curacao labour laws, tax and social security system, and employment regulations allows you to tackle the challenges of local compliance in Curacao, navigate all the local complexities and avoid pitfalls.
Among our top priorities, compliance with Curacao employment regulations and labour laws is number one. In addition to talent acquisition, recruitment services, and workforce management, we also ensure that our clients’ workforce management in Curacao is aligned with Curacao tax and social security rules and the latest immigration processes, including visas and work permits.
Here is the list of our core services supporting your activities in Curacao.
Take advantage of the targeted outsourcing solutions proposed by XML International for your expansion in Curacao or for your employees already based there. We offer a comprehensive series of bespoke and scalable outsourcing solutions specially designed for the Curacao market.
They range from professional employer organization employment (PEO), employer of record, and contingent workforce employment services, to help you grow effortlessly and successfully in Curacao without any complications. We can also help you source, recruit, and onboard new team members locally, even if you don’t have an office in Curacao.
XML provides you with everything you need to start doing business in Curacao or to optimize your business if you are already operating there, leading to significant bottom-line savings and getting your business activities up and running in just days. Get in touch with the XML team to learn how we can boost your activities in Curacao in a cost-effective way.
Get started now and make the most of business in Curacao today!
XML has expertise and resources to meet your organization’s workforce needs wherever, and in whichever field these might be.