Company Formation in Aruba

Top 5 Advantages of Aruba

1. Prestigious offshore financial center of the Carribean
2. General tax exemption for certains activities
3. No accounting
4. Can be used for tax planning scheme including IP
5. Inexpensive for the services it can perform

Roadmap

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

• 1-3 working days
• Can be done remotely in a single week

What are the steps to register a company in Aruba?

The registration process of a company in Company Formation in Aruba is very simple. The experts of LegalBison will assist you throughout every step of it:

1. Initial consultation and agreement
2. Payment of the full invoice
3. [IF REMOTELY]: Notarization of POA by client
4. Preparation of registration documents
5. Document signed at the notary
6. Official register validity: immediately

Note: The most recognized business structures in Aruba are Limited Liability Companies (LLC) and Individual Enterprises. Also, there is no required minimum share capital.

Taxes

How high are the corporate income tax in Aruba?

An Aruba offshore company («AVV») is exempted of taxation.

In order for the profits of the AVV to be tax exempt, the activities should restrict itself to one or more of the following:

• Holding of shares, provided that the entities in which the shares are held, are subject to a tax rate of at least 12.5%
• Financing including hedging, financial lease, treasury and cash management. Excluding being a credit institution, of enterprises and entities
• Investments
• Licensing of intellectual and industrial ownership rights, similar rights and usage rights. It is explicitly not allowed to develop these rights in an exempt company

- Captive Insurances

• Any other activity is taxed at a corporate income tax rate of 25%.

What Double-tax treaties has Aruba?

Aruba is part of the Kingdom of the Netherlands and therefore is included in its double taxation agreements and tax information exchange agreements.

Albania, Algeria, Argentina, Armenia, Australia, Austria, Azerbaijan, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Bermuda (limited treaty), Bosnia-Herzegovina, Brazil, Bulgaria, Canada, China, Croatia, Czech Republic, Denmark, Egypt, Estonia, Ethiopia, Finland, France, Georgia, Germany, Ghana, Great Britain, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Iraq, Ireland, Israel, Italy, Japan, Jordan, Kazakhstan, Kenya, Korea, Kosovo, Kuwait, Kyrgyzstan, Latvia, Liechtenstein, Lithuania, Luxembourg, North Macedonia, Malawi, Malaysia, Malta, Mexico, Moldova, Mongolia, Montenegro, Morocco, New Zealand, Nigeria, Norway, Oman, Pakistan, Panama, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, Spain, Sri Lanka, Surinam, Sweden, Switzerland, Taiwan, Tajikistan, Thailand, Tunisia, Turkey, Turkmenistan, Uganda, Ukraine, United Arab Emirates, United States of America, Uzbekistan, Venezuela, Vietnam, Zambia, Zimbabwe

Status: end of 2020

Decide first

• Do you want to start a new company or acquire an existing one?
• Are you able to deposit the mandatory share capital of 10,000 AWG? (roughly equals to 5,600 USD or 4,600 EUR as of December 2020)
• What is your planned business activity and does it fit the framework of the AVV tax exemption program?

Documents to provide for company registration in Aruba

Passport copies (a scan) of all individuals above, also beneficiary owner if applicable

A Power of Attorney (in case of a remote company registration)

Certified company documents (in case at least one of the shareholders is going to be a foreign company)

Information needed to get company registration in Aruba

3 options of your desired name for the company and a company contact email address

Names, addresses and emails of all shareholders and board members

Short description of your companies’ activity

Remote incorporation

• The whole incorporation process can be conducted remotely. No travel necessary. Notarization of documents is necessary
• A Power of Attorney (POA) from (all) partners is needed
• The POA is sent to you by us based on the services you want
• You have to certify the POA by a notary and in some cases legalize it by apostille (some countries need full legalization)
• Once you have the POA on your hands, we double-check, and you send us the original form (physical document!) via courier to our address

Aruba being a dependency of the Kingdom of Netherlands, it is part of the Hague Convention of the Apostille

Accounting and auditing

The AVV is exempt from several obligations. Annual financial statements are not required.

Residential requirements

What are the residential requirements in Aruba?

• Individuals, as well as legal entities, may be designated as directors of an AVV
• The individual may not be a resident of Aruba, while the legal entity may solely be a company established under the laws of Aruba, of which the purpose-clause includes the administration of an AVV
• The AVV must be represented permanently by at least one Aruban company (usually a trust office) acting as local registered agent
• The AVV cannot participate in the economy of Aruba, therefore no transactions with onshore companies or residents are allowed

LegalBison offers help with all of the above requirements. We assist and are local on ground. Speak now for free with one of our consultants to get your business started.

FAQs about company registration in Aruba