Just waiting to happen
There was a noteworthy story in Monday’s paper about Curaçao’s Investor Permit Program to stimulate the economy. Dutch State Secretary of Home Affairs Raymond Knops told the Second Chamber of Parliament that Curaçao cannot unilaterally grant investors citizenship.
That is true because issuing passports of the Netherlands and consequently the European Union (EU) is a kingdom affair. However, what the island provides is legal local residency and it just happens to be that this normally creates the option to apply for naturalization after five years.
The latter does mean giving up one’s other nationality nowadays, which is why many foreigners prefer waiting 10 years to seek permanent residency. There are other requirements like some basic knowledge of the Dutch language and about the kingdom.