Structures for doing business
The most common used (legal) entities in Aruba are the following:
- The public limited liability company(naamloze vennootschap, N.V.);
- The limited liability company(vennootschap met beperkte aansprakelijkheid, V.B.A.);
- The Aruba exempt company(aruba vrijgestelde vennootschap, A.V.V.);
- The foundation(stichting);
- Partnerships(maatschap and/or ”VOF” and/or ”CV”).
Pursuant to the entry into force of changes to the Civil Code, the only capital company (kapitaalvennootschap) remaining will be the N.V. The existing V.B.A. and A.V.V. will continue to exist but when their articles of association are amended they will be obliged to change the entity to a N.V. as well.
Pursuant to the Business Establishment Ordinance (Vestigingsverordening bedrijven) a person, (legal) entity or branch of a (foreign) legal entity that carries on business in Aruba, requires a business license, unless exempted there from by said Ordinance.