Retirement & Benefits Guide
Retirement visas, pensions, and healthcare for retirees in Curacao
Retirement Visa Program
Penshonado Plan (Pensionado Scheme)
Tax scheme for foreign nationals over 50 with foreign income who purchase property (ANG 450,000+ minimum). Requires 60 consecutive months outside Curaçao prior, registration in population register, and tax declaration within 2 months. Entitlement lapses if local employment income earned for 2 consecutive years.
Pension System
AOV (General Old-age Insurance) provides 2% of full pension per insurance year, maximum ANG 862/month (2016 rates) for 50 years coverage. Contributory system based on solidarity principle covering employees, self-employed, and students. Retirement age increased to 65 as of July 2020.
Pension Adequacy
AOV maximum pension represents modest income replacement; adequacy depends on years of contribution and supplementary income. Local retirees often rely on foreign pensions or personal savings to maintain living standards.
Healthcare Access
Public healthcare system available to residents; AOV pensioners pay 1% AVBZ (General Insurance for Special Medical Expenses) premium if residing in Curaçao. Mix of public and private healthcare options, though specific retiree access details limited in available data.
Cost of Living
Retiree Community
Tax Benefits for Retirees
Penshonado scheme provides 10% flat tax rate on worldwide income for foreign pensioners meeting eligibility criteria. No capital gains tax for individuals; inheritance and gift tax ranges 2-24% based on kinship degree.
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