Before starting its business operations, a corporation must apply for the following licenses:
A business license
This allows the company to start and maintain a business in Aruba. Applications must be directed to the Minister of Economic Affairs.
A director's license
Must be sought for each of the company's foreign managing directors, allowing him/her to act on behalf of the company. Applications must be directed to the Minister of Economic Affairs.
A residence and work license
Must be sought for any foreigner to be employed by the company, who intends to take up residence in Aruba.
The application for a business license has to be done with: Directie Economische Zaken
L.G. Smith Boulevard 160
821942 Fax:(297) 5834494
After the application is presented on sealed paper (obtainable with the post office and Board of Taxes) to Economic Affairs you are called to give further information on:
- the proposed activities of the company
- the number of employees
- the projected investment
- the location of the company curriculum vitae of the managing director(s), stockholder(s) or owner(s)
The remaining documents e.g. permits for different branches, work and residence permit, proof of registration in the Census Office Upon receipt of confirmation of the business license, a confirmation fee has to be paid. It is recommended to allow ample time for the application. As it is forbidden to establish a business without a license, authorities can close down the company with immediate effect.
There are also moratoriums on certain businesses. With this in mind, it would be a good idea to contact the Chamber of Commerce - you can see all the details here.