Landsverordening Vennootschap met Beperkte Aansprakelijkheid (“VBA”) in Aruba

Met de introductie van de VBA heeft de wetgever een belangrijke stap genomen in de modernisering van het Arubaanse vennootschapsrecht. Deze modernisering werd vanuit de praktijk wenselijk geacht om de aantrekkelijkheid van Aruba voor het internationale bedrijfsleven en investeerders uit binnen- en buitenland

Aruba introduces new corporate entity the Aruba L.L.C.

Yesterday, November 11th, 2008, the Parliament of Aruba unanimously voted for the approval of the introduction of a new corporate entity in Aruba, the L.L.C. limited liability corporation or the V.B.A., Vennootschap met Beperkte Aansprakelijkheid. With this introduction the legislator has modernized the corporate laws of Aruba in many aspects.

Amicorp Group launches a new Compliance KYC portal

“The Amicorp Compliance Portal enables companies to make better-informed decisions about its client base and avoids companies from investing large amounts of money and time in non- core activities, such as information gathering and reporting to authorities” said Lincoln D. Gomez, managing-partner at Gomez & Bikker law offices.

Attention expats: getting a work permit to work in Aruba

Most people who wish to work in Aruba will need to obtain a work permit from the DIMAS (Department of Integration Management and Admission of Foreigners). The only exceptions apply to people of Dutch nationality, whom by law are considered nationals of Aruba by birthright or because of their ties with Aruba. In some cases non-nationals can get an automatic right to work in Aruba and will only need to apply at the DIMAS for a statement which proves his/her right.

Dutch American Friendship Treaty recognized by the Aruba Courts

Section 7 sub 3 of the LTU imposes a limitation on foreigners for eligibility of work and residency permit for a maximum period of 4 years. This limitation is not applicable to European Dutch nationals. Based on the Dutch American Friendship Treaty U.S. nationals are entitled to receive the same privileges/treatment as European Dutch nationals