This article explains the tax laws in Aruba, this article will educate you on the tax laws for a LLC (NV) which is the most common company type in Aruba.
Aruba does not imposes a tax on income from outside the country differently than if it were earned inside the country. Theheadline percentage for income earned abroad, from our research, and this is not personal tax advice, is 0%. The country does not have major incentives to remit income earned abroad remitted back. Taxes are reasonable in Aruba as the highest corporation tax rateis 28%. This ranks Aruba as 128th when compared to corp. taxation rate internationally. . .
The VAT rate in AW is 1.50%, which ranks Aruba as 128th overall in terms of VAT globally.
Thin cap restrictions are not in effect. Thin capitalisation refers to any type of requirements on a business and the debt-to-asset ratios. A dividend is distributions of a company profit, passed by by the board of directors, to a class of its shareholders. Dividends can be issued as shares of stock, cash payments, or other property. The capital gains taxation rate in AWis 0%. A capital gains tax is levied on the profits that a corporation or natural person realizes when they sell sells a capital asset for a price that is higher than the purchase price.
The interest witholding rate is estimated at 0This should be interpreted usually that the tax authorities expects relevant legal entities to automatically withhold 0 of payments offshore for on interest payments. The dividends witholding rate is 0This means that the relevant tax authorities expects companies to automatically withhold 0 of money remitted abroad on dividend payments.
There is no known tax on wealth in Aruba. There are inheritance taxes in Aruba placed on an estate. We are aware of well know R&D intitiatives that provide tax relief in this country.
The above is not tax or legal advice for your company's personal tax obligations. We can to refer you to an accountantin Aruba who can properly advise you. Click the free consultation button above.
It takes approximately - hours to file and prepare documents for a Aruba Civil Law (Dutch).
The corporate tax is approximately 28% which is 128 in the world.
Owners of a company in Aruba are not allowed to carry back a loss and may be allowed to carry forward a loss for 5 years.
The vat rate in Aruba is 1.5% which ranks 18 in the world.
Thin capitalization rules are not in effect.
A corporate director is permitted, meaning this country is a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Aruba, Auba Economic Affairs. Shareholders are disclosed in the Auba Economic Affairs.
Typically companies take 2 weeks to setup and there are 1 director(s) required and 1 shareholder(s) required at the time of incorporation.
Overall we think Aruba is a good option and have given it a score of 71 as an IO score, using the Incorporations.IO proprietary formula.
We can help you form a company in Aruba. Click the button above for a no-obligation quote. We will provide you with all the necessary documents to open a bank account as well as a registered office in Aruba, which is required by law.
We can help you with your incorporations needs for an initial payment of just $1000.
Easy Step by Step Process:
The standard process typically takes between two (2) to three (3) weeks depending on when we receive all the required information from you. Once we receive your information, we will email you a complete set of documents for your review within 3 working days upon confirmation of payment. After executing the documents, you will need to mail them to us and we will formally submit your application for filing with the Registry. The Registry will then take about 3-8 working days to process the incorporation and produce certificates necessary for opening your bank account.
Applying for Your Bank Accounts:
Incorporations.IO maintains close working relationship within our extensive network of partner banks to help you apply for and receive banking services that are most appropriate to your specific situation. From the time of verification of incorporation it can take (1) one week to (2) two weeks to apply for and receive a bank account. We work primarily with banks that allow for remotely opened accounts to ensure you are ready to do business as soon as possible.
Applying for Payment Processing:
We include introductions to payment processors or merchant accounts with all of our incorporation services. Whether you just need standard credit card processing or specialized services for high risk processing, we have partners that can assist you and are happy to help you with introductions that can empower your business.
Start Online or via Phone:
We can get started for you whenever you are ready via a US$1000 initial payment via credit card. I get notified whenever a payment is made here and would send out the welcome letter and initial forms we would need within 12 hours. If you prefer, we can also process via a phone or Skype call.