Aruba is a small island near Venezuela, with a population no higher than 110 thousand. Aruba separated from the Netherlands Antilles in 1987. Its legal, political and administrative systems are based on Holland’s system; there are, however, common laws that are influenced by the offshore regime.
Aruba’s economy depends on tourism and offshore financial services. There is a Free Trade Zone on the island that has attracted the attention of manufacturing companies that have markets located in the United States and other American countries. Aruba has signed a tax treaty only with Holland, which gives access to other tax treaties in joint agreement with Holland. There is no legislation regarding bank secrecy in Aruba; however, property that is beneficiary of offshore companies cannot be revealed.
New tax legislation, introduced together with a new Netherlands tax Treaty, went into effect in 2003, in answer to international pressure on Aruba. This legislation abolished the distinction between offshore and onshore companies, even though it installed an exceptional scheme through which they maintain tax privileges on trade activities not realized in Aruba.
Offshore Banks in Aruba
The Central Bank of the Netherlands Antilles
Telephone: (599 9) 434-5500
Established on Aruba in 1962, Caribbean Mercantile Bank N.V. is a full service commercial bank as well as a subsidiary of Maduro & Curiel’s Bank N.V. Curaçao, and affiliated with the Bank of Nova Scotia, of Toronto, Canada. Our mission is to build market ...
Banco di Caribe has a long standing tradition of providing quality financial services to our community for more than 35 years. Over the years we have accumulated a wealth of knowledge and experience which we put to good use when creating new services as w ...
Aruba Bank has been answering the banking needs of its clients since 1925. We are Aruba's oldest bank, but we are always focused on the future. We are always asking ourselves "how can we build the best possible banking experience for our clients?". As a r ...
Maduro's Bank was the first commercial bank to establish in the Netherlands Antilles, opening its doors on January 2, 1917 in the capital city of Curaçao, Willemstad. The establishment of the Shell Oil Refinery on the shores of the island's great natural ...
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