ARUBA

Population:

87,000

Currency:

Aruba florin, fixed at US$1 = Afl 1.75

Language:

Dutch is official language; Papiamento is local language; English and Spanish widely spoken

Time zone:

GMT plus 4

Center's expertise:

New fiscal regime; large aircraft registry

General requirements

Type of entity

NV / AVV

Type of law

Civil law modeled on Dutch system

Shelf company available

Yes, AVV

Time to establish a new company

About 2 days

Taxation

35% corporate tax; 10% dividend tax; but effective rate is 2.4 to 3% for foreign-owned companies

Double taxation agreements

None

Forex restrictions

None

Language & name restrictions on companies

Name must be approved and be in Roman characters; articles of association in Dutch

Share capital

Permitted currencies

Any

Minimum paid up

Afl 1,000 or equivalent for NV; one share AVV

Usual authorized capital

Afl 50,000 (min) for NV; Afl 10,000 (min) for AVV

Directors and personnel

Minimum number

1

Local required

No

Company secretary & qualifications

No

Shareholders and AGM

Minimum number

1

Disclosure requirements

Yes, to the authorities

Publicly accessible records

No

Obligations for annual meetings

Yes 

Location of AGM

Anywhere, as established in company statues

Accounts

Requirement to prepare

Yes

Audit requirements

Yes

Account filing obligations

Yes

Publicly accessible accounts

No

Other

Requirements to file annual return

Yes

Change in domicile permitted

Yes

Need to registered office

Yes

Number of companies set up in last year

NV: about 400; AVV: 209

Total number of companies on register

n.a.