Aruba has a relatively straightforward business registration process, but the steps must be followed in the right order. This guide covers everything from choosing a legal structure to opening a business bank account.
Choose your legal structure
The most common structures for small and medium businesses are: VBA (Vennootschap met Beperkte Aansprakelijkheid) — the Aruban equivalent of a private limited company (BV/LLC). Liability is limited to the company's assets. Minimum capital: AWG 10,000. This is the preferred structure for most foreign entrepreneurs.
Sole proprietorship (eenmanszaak) — simplest to set up, no minimum capital, but the owner is personally liable for all debts. Suitable for freelancers and small service businesses. NV (Naamloze Vennootschap) — public limited company, used for larger operations. Minimum capital: AWG 10,000. Branch office — for foreign companies operating in Aruba without creating a separate legal entity.
Registration at KvK Aruba
All businesses must register with the Kamer van Koophandel (KvK) Aruba — the Chamber of Commerce. The KvK office is located in Oranjestad. Registration can be done in person; online registration is not available for new businesses.
Required documents: completed registration form (available at KvK), valid ID or passport of all directors/shareholders, proof of address in Aruba, notarized articles of incorporation (for VBA/NV — a notary must draft these), and proof of minimum capital deposit (for VBA/NV).
Registration fee: AWG 150–300 depending on structure. Processing takes 1–3 business days once all documents are in order. You receive a KvK number (handelsregisternummer) which is required for all official business dealings.
Tax registration
After KvK registration, register with DIMP (Departamento di Impuesto) — the Aruban tax authority. You will receive a tax identification number (CRIB number). This is required to file tax returns and collect BBO (turnover tax).
Key taxes for businesses: BBO (Belasting op Bedrijfsomzetten) — 1.5% turnover tax on most goods and services, collected from customers and remitted monthly. Corporate income tax — 25% on net profits. Payroll taxes — if you hire employees, you must withhold loonbelasting and social premiums.
Work permit for foreign entrepreneurs
Foreign nationals who want to actively work in their Aruban business need both a residence permit and a work permit (arbeidsvergunning). The work permit is applied for through DIMAS simultaneously with or after the residence permit.
You must demonstrate that the business is viable and that your role cannot be filled by a local candidate. A business plan and proof of investment are typically required.
Opening a business bank account
A business bank account is required before you can deposit share capital for a VBA or NV. Aruba Bank, CMB (Caribbean Mercantile Bank), and RBC Royal Bank all offer business accounts. Expect a thorough KYC (Know Your Customer) process: you will need your KvK registration, articles of incorporation, personal ID, and proof of address.
Account opening can take 2–6 weeks. It is advisable to start this process early, as delays here can hold up the entire registration timeline.