News: Registration of Company in Aruba - N.V.

Company Formation and Registration Services in Aruba (N.V.)

Aruba is an autonomous Caribbean country in the kingdom of the Netherlands, along with Curacao, Sint Maarten and the Netherlands. It is located in the southern Caribbean Sea, bordered by the Lesser Antilles (west), Venezuela (north), Bonaire and Curacao (east). The legal system of Aruba is based on the Dutch model. Aruba is part of the ABC islands (along with Bonaire and Curacao), Aruba and other Dutch islands in the Caribbean are referred to as the Dutch Caribbean.

The economy of Aruba is an open, market-driven economy citizen of Aruba are all Dutch nationals. The capital of Aruba is Oranjestad. The official languages spoken are Dutch and Papiamento, English is well spoken by many of the inhabitants, other languages spoken include Portuguese, Spanish, German, Chinese and French. It makes use of the Aruban Florin (AWG) as its official currency. The government of Aruba (no administrative subdivisions) is Unitary parliamentary representative democracy under a constitutional monarchy with the population consisting over 104,000 people.

The legislative framework regulating the formation of companies and other related activities in Aruba include the Companies Ordinance (1988) and the New Fiscal Framework (2000). The authority responsible for company formation and registration in Aruba is the Trade Registry, Aruba Chamber of Commerce.

Benefits of Company Formation in Aruba

• Minimum of one shareholder required;
• Tax favourable regimes;
• Complete foreign ownership;
• No currency control;
• Confidentiality of information - details of shareholders are not available to the public.

Business in Aruba: Types of Companies

• Naamloze Venootschap (NV - Corporation)
• Vennootschap met Beperkte Aansprakelijkheid (VBA - Limited Liability Company)
• Aruba Exempt Corporation (AVV)
• Maatschap, Partnership - Vennootschap Onder Firma (VOF)

Commanditaire Vennootschap (CV)

• Sole Proprietorship
• Branch of a foreign company

Business in Aruba: Taxation

• Corporate tax standard rate - 0%-25%;
• No capital gains tax;
• Sales and Services tax - 3%;
• Double taxation treaties signed with 12 countries.

Bookkeeping in Aruba

• Annual report filing - Yes
• Annual returns filling - No
• Annual audit report - No

Company Registration and Formation Requirements

• The minimum authorized capital is US$28,000;
• The minimal amount of paid-up share capital is one-fifth of the authorized share capital value;
• Minimum of two shareholders in the company, they can both be represented by individuals and legal entity;
• No residency requirements for the shareholders;
• Minimum of one director, who can either be an individual or the legal entity;
• No residency requirements for the directors.

How to Register a Company in Aruba: The Registration Process

Step 1. Law and Trust works with the client to get the company’s name and activity approval from the Trade Registry at the Aruba Chamber of Commerce;

Step 2. Law and Trust with the client to secure the Articles/Memorandum of Association (MOA) and other necessary documents;

Step 3. Law and Trust collects, prepares and files the necessary incorporation documents on behalf of the client to the relevant authorities for approval;

Step 4. Law and Trust further submits the business license application to the Department of Economic Affairs for approval;

Step 5. Law and Trust works with the client to open a corporate bank account in Aruba;

Step 6. Law and Trust delivers the certificate of incorporation personally to the client or via courier service.

Aruba Company Formation FAQs

How much does it cost to register a company in Aruba?

The cost of registering a company (NV) in Aruba is $1275. the total cost includes the preparation of legal documents, company registration, payment of all taxes and fees at the time of registration and legal address for the company (a year).

How long does it take to register a company in Aruba?

It takes from two days to complete the company registration process in Aruba.

Can I start a business without registering it in Aruba?

It is not possible to start a business in Aruba without registration, a license is required from the department of economic affairs to operate or run a business in Aruba.

Do I need a local address to register a company in Aruba?

Yes, it is required to have to a legal registered address in Aruba to complete the necessary company registration and formation process.

How can I register a company name in Aruba?

The registration of a company name begins with the filing of the appropriate documents, Law&Trust helps with preparation and compilation of the necessary documents ensuring it meets the requirements set out by the Trade Registry with regards to the approval of a company name.

WHY INCORPORATE WITH LAW&TRUST INTERNATIONAL?

Benefits of company registration, formation, and incorporation service with Law&Trust International in Aruba include:

Full range of related services: Provision of a full range of legal, corporate, government, and business intelligence related services in Aruba. A detailed overview of our services includes full legal support of the company registration procedure, obtaining a legal address, interaction with the official government authorities of the jurisdiction, state fees, legal address of the company for a year, production and registration of company stamps and advising the client as part of the registration process. Opening a bank account and the cost of this service are discussed during the consultation.

Professionals and expertise of Law: Worldwide registration and legal maintenance of companies, accounting services, and audit, tax planning and optimization, trademark and patent registration. Law and Trust provide the client with the best company incorporation services.

Domestic service: Law&Trust ensure our services cover every region in Aruba. Be rest assured that no matter where the new company intends to incorporate in Aruba, we’ve got the location covered.

Free initial advice: Free consultation from the lawyers of Law&Trust International regarding strategies or the provision of services for analyzing and developing a legal position on an issue the client raises in Aruba.

Confidentiality: Law&Trust makes use of modern technological features to keep the records and details of every client safe.

Efficiency and productivity: Strategically providing up to date personalized services to help your business succeed.

READY FOR COMPANY INCORPORATION?

If you are interested in registering and incorporating a company in Aruba, contact Law & Trust International by simply sending an email or call now to take your business to the next level!