The Curaçao Chronicle reports that Minister of Economic Development, Ministry of Financehas been fervent in his attempts to get Curaçao off Brazil’s blacklist of jurisdictions classified as tax havens and privileged tax regimes, recently appealing to former President Lula da Silva.
For years, Curaçao has been on the Brazilian blacklist, meaning basically that Curaçao is unable to engage in business opportunities with Brazil, the largest Economy in Latin America.
Minister El Hakim has since 10-10-10 considered our new status as country Curaçao, as a great opportunity to remedy this issue. He indicates that: “The removal of Curaçao from the Brazilian Blacklist is considered a high priority, as this will enable our International Financial Services sector to gain access to this big market, stimulating growth in the export of services and the attraction of Brazilian businesses and investments. Curaçao has been waiting years for this breakthrough. Thousands of highly skilled jobs depend on this.”
The Minister has therefore, assembled a commission with members from the Ministry of Economic Development, Ministry of Finance and CIFA to pursue the removal of Curaçao from the Brazilian Blacklist. This has proven challenging and has up to now progressed slowly on a technical level while the commission is still in communication with the Receita Federal (federal taxes) in this regard.
To speed up the removal of Curaçao from the black list, Minister Hakim decided to pursue a political approach through Ex-President , who is a highly influential Brazilian leader that Minister Hakim knows personally, in order for him to exert his political influence to facilitate in resolving the blacklisting issue swiftly. The Minister and Mr. Lula met in a private setting where Minister Hakim elaborated on the compliance of Curaçao in order to be removed from the list. Ex President Lula was impressed with Minister Hakim’s dedication to solve the issue and promised to take this matter up with the relevant authorities in order to reach a conclusion in the advantage of Curaçao as soon as possible.