About Our Company

The word 'pygg' dates back to the Middle Ages, originating from Old English to describe a dense, orange clay found in Western Europe. This clay was widely used to craft earthenware containers, dishes, cookware, cups, and jars. Among these, pygg jars served as storage for various items, including coins.

As the Anglo-Saxon language evolved, the pronunciation of pygg (the clay) became indistinguishable from pigge (the animal). By the 19th century, English potters, responding to requests for pygg banks, began shaping them like pigs. Over time, the original meaning of pygg clay faded, and the term “piggy bank” became associated solely with the animal.

However, Western Europe was not the only place where pig-shaped coin banks emerged. In Java, as early as the 14th century, terracotta banks shaped like pigs were crafted with a coin slot on top. To retrieve the savings, one had to break them open. Today, intact Javanese piggy banks are rare and highly valued by collectors.

The piggy bank has since become a universal symbol of financial literacy, teaching generations the importance of saving. Its influence extends beyond physical coins, embodying the principles of financial responsibility and prosperity.

At PYGG, we embrace the legacy and evolution of this enduring icon. The piggy bank stands as a symbol of wealth, honesty, good fortune, and financial well-being—values that resonate deeply with our mission.

Curaçao, the largest of the six Caribbean islands within the Kingdom of the Netherlands, is located in the southern Caribbean Sea. As part of the Kingdom, the Dutch monarch serves as head of state, while the Netherlands retains responsibility for foreign affairs and defense. Citizens of Curaçao are Dutch nationals.

As an autonomous country, Curaçao manages its own internal affairs. The government operates as a parliamentary democracy, with a prime minister serving as head of government. Its legal system is primarily based on Dutch civil law and upholds fundamental freedoms, including freedom of association, the right to form political parties, freedom of the press, and freedom of speech.

Judges in Curaçao are appointed by the Dutch King and preside over the district court and the joint court of appeals, which handles both civil and criminal cases. The Kingdom Charter allows appeals to be made to the Supreme Court of the Netherlands.

Curaçao’s strategic location between the United States and South America, combined with its unique status within the Kingdom of the Netherlands, provides strong business ties across these regions. The island enjoys preferential access to both U.S. and EU markets through the U.S. Caribbean Basin Initiative and the European Union–Overseas Countries and Territories Agreement. Additionally, Curaçao has signed a Tax Information Exchange Agreement with the U.S. government and complies with the IRS Foreign Account Tax Compliance Act (FATCA).

Curaçao adheres to internationally recognized tax standards and is largely compliant with regulations set by the Organization for Economic Co-operation and Development (OECD), the Financial Action Task Force (FATF), and the European Commission. This compliance has earned Curaçao recognition as a reputable, “white-listed” jurisdiction for financial services. The Central Bank of Curaçao and St. Maarten, established in 1828, oversees the regulation and supervision of banking, insurance, and trust service providers on the island.