Registering a company in Aruba is a relatively straightforward process that can be completed by following the outlined steps in this guide. By selecting the appropriate company structure, choosing a unique name, appointing a local representative, drafting the Articles of Incorporation, and completing the necessary registration steps, you can establish your business in this attractive Caribbean destination. Keep in mind that it is essential to consult with a local representative or attorney to ensure compliance with all local regulations and requirements. With proper planning and guidance, you can successfully launch your business venture in Aruba.
Step 1: Choose a Company Structure
The first step in registering a company in Aruba is to decide on the company structure that best suits your business needs. The two main types of companies in Aruba are:
- Vennootschap met Beperkte Aansprakelijkheid (V.B.A.) - Limited Liability Company
- Naamloze Vennootschap (N.V.) - Corporation
For detailed information on each company structure, visit the Aruba Chamber of Commerce and Industry website: https://www.arubachamber.com/start-your-business/
Step 2: Select a Company Name
Choose a unique company name that is not already in use by another business in Aruba. To check the availability of your desired company name, you can use the Aruba Chamber of Commerce and Industry's online search tool: https://www.arubachamber.com/company-registry/
Step 3: Appoint a Local Representative
All companies in Aruba must have a local representative who is a resident of the country. This representative will be responsible for managing the company and ensuring compliance with local regulations.
Step 4: Draft the Articles of Incorporation
Once you have chosen a company structure and name, you will need to draft the Articles of Incorporation for your company. These documents should include information about the company's purpose, management structure, and capital distribution.
Step 5: Register with the Aruba Chamber of Commerce and Industry
Submit the Articles of Incorporation, along with a completed registration form and any additional required documentation, to the Aruba Chamber of Commerce and Industry for approval. The Chamber will review your application and, if approved, issue a registration certificate.
Step 6: Obtain a Tax Identification Number (CRIB)
After registering with the Chamber of Commerce, you must obtain a Tax Identification Number (Crib-nummer) for your company. This can be done by applying to the Aruba Tax Department (Departamento di Impuesto) in person or through your local representative.
Step 7: Register for Social Security and Health Insurance
Next, register your company with the Aruba Social Security Bank (Sociale Verzekeringsbank - SVB) and obtain the necessary health insurance coverage for your employees.
Step 8: Open a Bank Account
Open a corporate bank account in Aruba for your company. This will require presenting your company's registration certificate, CRIB, and identification documents of the local representative to the bank.
Step 9: Obtain Necessary Licenses and Permits
Depending on your business activities, you may need to obtain additional licenses and permits to operate in Aruba. Consult with your local representative or a local attorney for guidance on any additional requirements for your business.
Costs and Time-frame for Registration:
The costs for registering a company in Aruba vary depending on the chosen company structure and other factors. Generally, the costs can range from AWG 1,500 to AWG 3,500 (approximately USD 850 to USD 2,000). The time-frame for registering a company can take between 2 to 4 weeks, depending on the complexity of the application and the chosen company structure.