WILLEMSTAD - The procedure to start a business in Curaçao takes too long. This is based on data from the World Bank.
In countries with a poor regulatory environment, starting a business takes 100 days. On Curaçao this takes on average twice as much, about six months. It often goes faster for small companies, but before all the necessary permits are received, often more than half a year has passed.
Research specialist of the Central Bank of Curaçao and Sint Maarten (CBCS) Reggie Martes concludes from this that Curaçao has a very bad regulatory climate. CBCS has launched an investigation into bureaucracy and will publish a report on this later this year.