Willemstad / Philipsburg:--- Foreign Direct Investment (FDI) plays a vital role in economic development, contributing to job creation, innovation, and capital formation. To this end, the Centrale Bank van Curaçao en Sint Maarten (CBCS) is conducting a study on the main macroeconomic and institutional factors that influence FDI in Curaçao. The goal is to get a better understanding what attracts FDI and to explore ways to improve Curaçao’s investment climate. This is especially important for the CBCS, since FDI is a key source of external financing. Foreign direct investment refers to an individual or company from abroad acquiring at least 10% stake in a local business- signaling a long-term commitment and meaningful influence over its operations. Despite its importance in economic development, the drivers of FDI inflows remain underexplored in the local context. This study seeks to fill that gap by collecting data directly from companies in Curaçao that have previously received FDI, with the goal of identifying the main triggers that attracted foreign investment and assessing investors’ perceptions of Curaçao’s business climate. The findings will help identify which factors most significantly influence foreign investors’ decisions and how policy can be shaped to attract FDI in a sustained manner. A similar study will be launched in Sint Maarten in 2026. Participating companies in Curaçao will receive in the coming days an invitation from the CBCS to complete an online survey via a secure link. The survey is anonymous, and all collected data will be treated with strict confidentiality. The survey is in English and the estimated time to complete the survey is approximately 15 minutes. The CBCS kindly requests the cooperation of all firms that have received FDI to complete the survey before October 1, 2025. Your insights are vital to this research and could help shape future strategies to enhance Curaçao’s investment climate. Willemstad, September 17, 2025 CENTRALE BANK VAN CURACAO EN SINT MAARTEN