Page 43 - Caribbean-Central America Profile 2018

ARUBA

CARIBBEAN-CENTRAL AMERICA PROFILE 2018

Official Name: Aruba
Capital: Oranjestad
Nationality: Dutch
Official Language: Dutch and Papiamento; English and Spanish
are also spoken
ORANJESTAD ARUBA Population Total (millions): 0.104 (2016 est)
Size: 69.5 square miles
Currency: Aruban Florin (AFL)
Internet Domain: .aw
International Dialling Code: +297
Electricity: 110/220 volts/60Hz

COUNTRY OVERVIEW INVESTMENT INCENTIVES
q Aruba is renowned for its white, In Aruba, there is a well-established legislation in force, which has created an investment friendly
sandy beaches on the western and environment through a combination of tax policies.
southern coasts of the island.
A non-traditional manufacturing industry, with an initial investment of at least Afl 100,000 is
q Dutch and the local language eligible for the following incentives:
of Papiamento are the official • Reduction of corporate tax rate to 0%.
languages.
• Exemption from income tax on dividends paid out to shareholders; provided the dividends
q Most Arubans speak a minimum of are paid within two years after the year the profit has been made.
four languages including English • Exemption from import duties on building supplies for premises.
and Spanish.
• Exemption from import duties on packing materials, machinery and equipment, raw materials,
q The capital is Oranjestad. semi manufactured products and components, to be used in the production process.
Aruba offers an extremely stable and • Exemption from real estate tax. The incentives are granted for a maximum period of ten fiscal
efficient business environment with years.
modern infrastructure and excellent ARUBA INVESTMENT AGENCY (ARINA)
telecommunications. The government’s ARINA is committed to helping local and foreign investors get their businesses established in
vision to position Aruba as a knowledge Aruba as swiftly and as easily as possible by:
and sustainability hub between Europe,
the Caribbean and the Americas, has • Providing information to potential investors.
earned a lot of attention from global • Advising and assisting potential investors on investment opportunities and policies.
investors. Aruba has always attracted • Account Manager: Liaising through Government channels to facilitate timely consideration of
investments for the tourism sector, investors’ proposal or request.
which resulted in huge growth and the • ARINA will work on the investors’ behalf to make the client’s vision a reality.
creation of a world-renowned vacation
destination. Aruba Investment Agency
Weststraat 15, Oranjestad
The Government primarily promotes Aruba
capital-intensive investment, free Tel: (297) 582 5659
zone activities, telecommunication, Fax : (297) 582 4695
international financial sector and tourism Email : info@arina-aruba.com
related services. Higher foreign direct Website: www.arina-aruba.com
investments have been encouraged by
the tax incentives the government offers STARTING A BUSINESS IN ARUBA
to investments in specific industries. To start a business in Aruba a business license (or a free zone license) and registration at the Aruba
These special fiscal incentives are Chamber of Commerce are required. Business in Aruba can be conducted through a corporation,
offered to both companies engaged in a branch of a foreign corporation, sole proprietorship, (limited) partnership or a (cooperative)
offshore activities and to companies association.
engaged in export of non-traditional
manufactured products and which are Foreign investors normally use a corporation for conducting business in Aruba. Managing
licensed to operate in the Free Zone. director(s) of corporation (the law does not limit the number of managing directors) are required
to have a director’s license, except in the case of a free zone company.

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