Curacao

• New Year
• Carnival
• Good Friday
• Easter Sunday
• Easter Monday
• King’s Birthday
• Labour Day
• Ascension Day
• Whit Sunday
• Flag Day
• Curacao Day
• Christmas Day
• Second day of Christmas

Working Hours

Employees can work for 10 hours a day, up to a maximum of 40 hours per week.

Minimum Wage

Effective 1 January 2024, the minimum wage is set at ANG 11.72 per hour.

Employee Tax

Annual income	Tax rate
Up to ANG 31,504	9.75%
ANG 31,504 - 42,006	15%
ANG 42,006 - 63,009	23%
ANG 63,009 - 89,262	30%
ANG 89,262 - 131,268	37.5%
More than ANG 131,268	46.5%
Old age, widows’ & orphans’ insurance	6.5% on wages up to ANG 100,000 + 1% on the excess
Extraordinary health costs insurance	1.5%
Universal medical insurance	4.3%

Bonuses

There are no statutory bonus schemes in Curacao.

Employment contracts in Curacao can be written or oral. There are no restrictions on the form of the contract, though some clauses must be provided in written form.

Both indefinite and fixed-term contracts are permitted.

Annual Leave

Minimum of 15 days' paid holiday for employees who work six days a week.

Sick Leave

Up to three days' fully paid sick leave per year.

From the fourth day up to one year, sick leave is funded by social security at 80% of the employee's salary.

Parental Leave

• Maternity leave: at least 14 weeks' fully paid leave.
• Paternity leave: none.

Termination Process

There are four ways to terminate a contract in Curacao:

• Giving notice (either party can give notice)
• Mutual consent
• Court dissolution of the employment agreement
• Immediate dismissal with just cause

Compensation may be required in some cases.

Severance Pay

Severance pay is known as cessantia.

Employees are entitled to one week’s cessantia per year of service up to 11 years. This rises to 1.25 weeks from 11 years and two weeks from 20 years, up to a maximum of 6 months in total.

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• Employer’s Liability and Public Liability – £10,000,000 combined limit
• Professional Indemnity – £5,000,000 limit
• Worker’s Compensation – Varies depending on the employee’s location

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