Expertise

Tax and legal issues

We can help with tax questions on Bonaire. Where and in what situations is tax levied? What in case of double taxation and how is the effect of the international rulles in that case? What should I think about in case I want to buy a property on Bonaire? What are the rules in that and what are the consequences for? And what to do in case of emigration to Bonaire?

Many questions are affected by both US and Bonairean law. Our services are aimed at providing you with advice and clarity on the tax and legal consequences on the island of Bonaire.

Purchase real estate and holiday homes on Bonaire

Do you wish to invest on Bonaire or has Bonaire become your favourite holiday destination over the years? In that case, consider investing in real estate on Bonaire or buying a holiday home there. Keep in mind that for the purchase of real estate, Bonaire has its own rules. Furthermore, you should take into account that a holiday home on Bonaire is in principle subject to taxation in both the US and Bonaire.

Emigration to Bonaire

Bonaire is found attractive for many reasons. To be mentioned are the clean nature, the calm and sunny climate, a diverse paradise no crime and the favourable tax climate. Although Bonaire is part of the Kingdom of the Netherlands, Bonaire can to a very large extent determine its own course. This is especially true for tax laws and regulations. Bonaire has a very attractive climate for companies to establish themselves there. Emigrations to Bonaire take place for a variety of reasons.

Emigration is tailor-made, also for taxation. In case you have a business in the US, have built up a pension there or leave a home in the US, it is advisable to prepare the emigration thoroughly and map out any related tax consequences. Be prepared that if you emigrate based on tax arguments, you will also be domiciled in Bonaire based on actual circumstances. If this is not the case, the US IRS (tax authorities) will be able to conclude that you are deemed to be resident in the US for tax purposes. In that case, in principle, both the US and Bonaire could levy tax on your income and assets.

Establishing a company on Bonaire

Due to Bonaire’s favourable tax system and the low tax rates applicable on Bonaire, it may be advantageous to locate a company or a branch thereof on Bonaire. People regularly choose to set up a private limited company (BV) under Bonaire law, which has many similarities to the Dutch private limited company. For example, no profit tax is levied on Bonaire and dividend tax rates are very low. Bonaire’s income tax also has a low rate. Setting up a structure from the US is tailor-made and requires knowledge of both US and Bonairean laws and regulations.