• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
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    • DOI: 10.18178/JOEBM
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HOME > Archive > 2015 > Volume 3 Number 12 (Dec. 2015) >
JOEBM 2015 Vol.3(12): 1185-1189 ISSN: 2301-3567
DOI: 10.7763/JOEBM.2015.V3.356

The Exempt Company – A Dutch and British Version in the Caribbean Tax Landscape

Ana-Maria Geamãnu

Abstract— The aim of this paper is to present a comparative analysis between the Exempt type of company that can be found in the commercial legislations of the Dutch overseas countries: Aruba, Curaçao, and Sint Maarten and the one presented by the legislations of the British overseas territories: Bermuda, Cayman Islands, and Turks and Caicos Islands. The analysis of the Exempt company structure is performed at the level of incorporation conditions, capital requirements, management, taxation in relation to the company`s activities, and accounting and reporting requirements, all in the context of the fiscal systems of these overseas countries and territories. The purpose of this research is to determine if this corporate structure follows the same patterns when it is incorporated under a civil law based commercial code, which is specific to the three Dutch overseas countries as compared to a common law based commercial code, specific to the three British overseas territories under analysis. The results of this research have shown that even though the Exempt type of company can be found in all six countries and territories under analysis, it presents significant differences in approach when constructed under the Dutch legislation, compared to the British legislation.

Index Terms— British overseas territories, Dutch overseas countries, exempt company, tax haven.

Ana-Maria Geamãnu is with the Bucharest University of Economic Studies, Romania (e-mail: anamariageamanu@yahoo.com).

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Cite: Ana-Maria Geamãnu, " The Exempt Company – A Dutch and British Version in the Caribbean Tax Landscape," Journal of Economics, Business and Management vol. 3, no. 12, pp. 1185-1189, 2015.

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