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Dissolution of the Netherlands Antilles Creation of New BES Islands Tax Regime

Thursday, March 11, 2010
Opalesque Industry Updates - On October 10, 2010 the Netherlands Antilles will be dissolved. The jurisdiction Netherlands Antilles will cease to exist. Three of its islands, Bonaire, Sint Eustatius and Saba (known as BES) will become overseas municipalities of the Netherlands, public bodies as described in Article 134 of the Dutch Constitution.

The other two islands of the Netherlands Antilles, Curacao and Sint Maarten, will become autonomous parts of the Kingdom of the Netherlands, comparable to the autonomous status of Aruba.

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