Curaçao Securities Intermediary License – How Zitadelle AG Assists International Clients

Curaçao has become a leading financial services hub in the Caribbean for investment firms, asset managers, and forex/CFD brokers. Since the Landsverordening toezicht effectenbemiddelaars en vermogensbeheerders (PB. 2017, no. 53) came into force, companies that wish to operate as securities intermediaries or investment managers must obtain a license from the Central Bank of Curaçao and Sint Maarten (CBCS).

At Zitadelle AG, we guide fintech companies, brokers, and investment managers through the entire licensing process – from structuring and incorporation to CBCS authorization and compliance implementation.

What is a Securities Intermediary License in Curaçao?

A securities intermediary license allows a company to professionally act as a broker or platform for securities and derivatives transactions, including:

• Online trading platforms for Forex & CFDs, Stocks, Bonds, Indices, Futures, Options and other instruments

• Brokerage services for equities, bonds, and structured products

• Securities investment and asset management services for clients

Under Article 7 of the law, it is prohibited to operate in or from Curaçao as a securities broker or investment manager without a CBCS license.

Key Regulatory Requirements

The CBCS has set comprehensive rules for licensed securities intermediaries, including:

• Corporate Governance: At least one Curaçao-resident director; supervisory board may be required.

• Fit & Proper Tests: Integrity and competence checks for directors, shareholders, and key functionaries.

• Capital Requirements: CBCS determines minimum equity and solvency thresholds.

• AML/CFT Compliance: Mandatory anti-money laundering and counter-terrorism financing framework, including KYC/KYT and reporting obligations.

• Client Asset Protection: Segregation of client funds from company operational funds.

• Transparency & Reporting: Annual audited accounts, ownership disclosures, and periodic reporting to the CBCS.

Zitadelle AG – Our Licensing Assistance

We provide end-to-end support for your Curaçao licensing project:

1. Company Formation – drafting Articles of Incorporation, liaising with a civil law notary, and securing a business license.

2. Regulatory Application – preparation of the business plan, governance documents, UBO declarations, and license application forms.

3. Local Substance – provision of Curaçao-resident directors, office space, and substance services to meet CBCS requirements.

4. Compliance Setup – AML/CFT framework, internal controls, risk policies, and client protection measures.

5. Bank Account Opening – assistance with local and international bank onboarding.

6. Ongoing Support – accounting, regulatory reporting, and compliance audits.

Examples of Licensed Companies in Curaçao

Several international companies operate under a CBCS Securities Intermediary or Investment Manager license, including:

• Mercury Capital Management N.V. – licensed investment manager in Curaçao.

• Guardian Asset Management N.V. – regulated by CBCS as a securities intermediary.

• CFD and Forex trading platforms (operating under local structures) that meet Curaçao’s substance and compliance requirements.

• Exness - a known CFD/FX international broker

These firms benefit from Curaçao’s tax framework, where profit tax ranges from 15% (first ANG 500,000) to 22% above that threshold, with foreign-sourced income generally excluded.

Why Choose Curaçao?

• Respected Regulatory Environment – supervised by CBCS, ensuring international credibility.

• Tax Advantages – competitive profit tax rates and exemptions on foreign income.

• Gateway to LATAM & Europe – strategic geographic position.

• Fast Licensing Timeline – CBCS must decide on complete applications within 60 days.

FAQ on Curaçao Securities Intermediary License

Q1: How long does it take to obtain the license?
Typically, 3–6 months depending on the quality of documentation. CBCS has 60 days to decide once the application is complete.

Q2: What is the minimum capital requirement?
CBCS determines the minimum equity case-by-case. We generally recommend starting with at least USD 50,000–100,000 paid-up capital.

Q3: Do I need a local director?
Yes. At least one Curaçao-resident managing director is required. A supervisory director may also be required.

Q4: Can non-residents apply for the license?
Yes. Foreign firms may apply, but they must establish a local entity and comply with substance requirements.

Q5: What are the ongoing compliance obligations?
Annual audited reports, AML/CFT compliance, segregation of client funds, and periodic reports to CBCS.

Q6: Are there any leverage limitations for leveraged products similar to ESMA?

No, there are no current leverage limitations,

How Zitadelle AG Can Help

At Zitadelle AG, we specialize in helping forex brokers, investment managers, and fintech companies obtain their Curaçao Securities Intermediary License. From strategy and structuring to regulatory approval and compliance, our experts ensure a smooth and timely licensing process.

📩 Contact us today to discuss your project and learn how we can help you expand into Curaçao with confidence.