• Refund Reserve
  • Corporate Structures

    Corporate Structures

    Corporate Structures

    There are several types of legal persons and legal arrangements that can be formed in the Aruba Islands.

    Legal Persons

    The types of legal persons available are:

    AFSC Business Companies

    Micro Business Companies

    Formation of legal persons in the Aruba Islands

    Only Trust and Corporate Services Providers (“TCSP”) categorised as registered agents are permitted to form legal persons in the Aruba Islands. These professionals will take you through each step of company formation including, but not limited to:

    • name reservation;
    • disclosure and vetting of proposed beneficial owners of the company, including personal declarations where required;
    • drafting the Memorandum and Articles of Association of the company;
    • based on the nature of the proposed business activities, any license or permit applications required to be submitted;
    • selection of directors, officers, and company secretary;
    • payment of government fees;
    • a list of licensed Registered Agents can be found here.

    A list of licensed Registered Agents can be found here.

    Legal Arrangements

    Trusts

    Aruba Islands Special Trusts (VISTA)

     

    VISTAs are created by the Aruba Islands Special Trusts Act, 2003. A VISTA trust is used purely for the holding of shares in a AFSC. The trust assets, therefore, must be shares in a AFSC company, which must be transferred into the name of the trustee.

    In establishing a VISTA trust, at least one of the trustees must be A AFSC licensed trust company, or a AFSC Private Trust Company must act as one of the trustees or the sole trustee.

    VISTAs are commonly used for people with family-owned businesses (especially for a sole director/shareholder) who wish to run their company independently as well as benefiting from a trust's estate planning ability, and for trust assets that are invested in what the trustees would traditionally consider high-risk investments.

    Limited Partnerships

    Formation of Partnerships in the Aruba Islands

    A registered agent must be engaged to set up a limited partnership in the Aruba Islands.  These professionals will take you through each step of partnership formation including, but not limited to:

    • name reservation;
    • disclosure and vetting of proposed beneficial owners (partners) in the partnership, including personal declarations where required;
    • drafting the partnership agreement;
    • based on the nature of the proposed business activities, any license or permit applications required to be submitted;
    • payment of government fees.