The concept “paperless office” was coined as early as 1975 in a Business Week article that predicted the future office environment, taking into consideration the advances that were being made in computer technology. We have come a long way since that article was published, amazingly so, but a paperless office has still not been realized […]
Being able to assess credit worthiness is gold for lenders and businesses. One of the best ways to verify the credit worthiness of your customers is to run a credit report before selling on account or extending loans. A good credit reporting infrastructure in a community has benefits to banks, retailers and consumers. Studies have […]
Curaçao could not have hoped for a better start at the 10th annual Caribbean Regional Compliance Association, (CRCA), Conference, entitled ‘Chaos – the New Normal’. Minister of Economic Development, Mr. Eugene Rhuggenaath shared the breaking news that Curaçao is now fully compliant with international fiduciary standards. The CRCA conference covered topics related to financial crime […]
Factoring, also called accounts receivable funding, is the purchasing of invoices from a business at a discount in exchange for immediate cash; cash that would normally remain tied up in accounts receivable. Besides providing additional cash flow, a factoring company (factor) also provides collection services and debtor management. The factoring process is continuous, providing you […]
The recent presentation of the Tourism Master Plan to the Government of Curaçao, and business associations, outlined a solid path to increase the economic contribution that tourism makes to the island’s economy.TEXT KATY BRANUM The focus of this plan is to attract larger numbers of visitors from the northeastern area of the USA. This target […]
“CSR is all about incorporating respect, transparency, and inclusion of the community. It’s like a three-legged stool. If one leg is missing the stool won’t stand up.” -Bernarda Elizalde, Responsible Mineral Development Consultants, Inc. Corporate Social Responsibility: A Must for the Development of CuraçaoCorporate Social Responsibility (CSR) is a concept that is becoming more and […]
Thanks to our rich cultural heritage, Curaçao has a multicultural society with people from diverse backgrounds, speaking several languages, all with a global perspective on business. This is so deeply rooted in our culture that we tend to forget the great advantages it has on our daily work-life. TEXT LESLEY HORNUNG We often talk about […]
The global economy is an ever shifting, ever changing ‘organism’. Always changing its form and reinventing itself, it derives its power from a constantly changing source. On a smaller scale, the same can be said of Curaçao’s economy. Different factors cause the local economy to take on a different form, and the local economy needs […]
In this issue we introduce Jo-Ann Martis, employee of the Department of Trade Promotion, Investment Promotion and Business Information at the Curaçao Chamber of Commerce and Industry. “We have new views for Curaçao. I know that Curaçao’s future is promising…as long as we set aside our differences and put our heads together.” – Jo-Ann Martis […]
Curaçao has been a hub for international business for a very long time. It all started in the 1940s when the island developed its legislation to accommodate the formation and transfer of international companies to the island. Through tax treaties, Curaçao became a renowned financial jurisdiction and prospered for many decades. TEXT PRISCILLA LOTMAN AND […]
