Aruba LLC
Types of Aruba Limited Liability Companies
- Naamloze Venootschap (NV)
- Vennootschap met Beperkte Aansprakelijkheid (VBA)
- In Aruba comes in the form of a Naamloze Venootschap which all offshore corporations are required to use
- Has authorized share capital of at least 25,000 Aruba florins
- 20% of the share capital required to be issued
- Must be incorporated with at least two (2) subscribers
- May be used by both non-residents and residents
- Is considered onshore or offshore depending on residency (abroad or local) of owners
- Subject to filing application for a director’s licence if director is non-resident
- Subject to filing accounts to relevant authority
- Must receive a certificate from the chamber of commerce and disclose personal details of beneficial owner (s) for bank account opening
- Subject to stamp duty upon incorporation
- Subject to foreign exchange controls
- Subject to paying annual licence renewal fees, which are calculated depending on the share capital
- Subject to clearance fees for name from the Ministry of Justice and entry on the commercial registry
- Identified in English as an LLC
- No established minimum capital requirement
- Incorporated by a Civil Notary in the public trade Registry
- Minimum of one subscriber upon incorporation
- May opt to issue shares or not to
- Shares may be stated in any recognized currency
- Required to file an annual financial statement with the Chamber of Commerce
- Required to have at least one managing director in Aruba
- Required to have a legal representative that is not a managing director
- Where all directors are non-residents, a corporation in Aruba must be appointed as the company’s representative
- Annual financial statements to be filed 8 days prior to end of financial year
- The A.V.V. is a completely tax exempt corporation.
- The N.V. is a limited liability company and can obtain certain tax advantages depending its structure and can be divided in three general categories:
- The Offshore N.V.(foreign shareholders and activities outside Aruba) subject to a reduced corporate
- tax rate of 2.4%-3%, depending on its scope of activities
- The Free zone N.V.(situated in the Free zone Aruba and used for international trading or the providing
- Of services) subject to a corporate tax rate of 2%
- The IPC N.V.subject to an effective tax rate in Aruba of 11, 8% or 6, 9% upon qualification of stringent requirements.
- Speedy, Efficient and consistent Services.
- Relentless effort to obtain bank accounts.
- Expert advice on structuring options.
- Dedicated ongoing compliance support.