New private equity fund formed in Aruba: The Aruba Growth Fund

In the beginning of 2011, Milton Berlinski, Rene Kan and Justus Martens decided to set up a one-hundred million florin local investment fund, so that they could put their extensive international experience as businessmen, investors and financial specialists to good use and invest in Aruban companies with the goal of strengthening the Aruban economy. In … Continue reading New private equity fund formed in Aruba: The Aruba Growth Fund

Aruba & Iceland agreement to promote economic relations

Agreement to promote economic relations between the Kingdom of the Netherlands, in respect of Aruba, and the Government of Iceland.The date of entry into effect has not been determined yet. Verdrag ter bevordering van de economische betrekkingen tussen het Koninkrijk der Nederlanden, ten behoeve van Aruba, en de Regering van IJsland http://wetten.overheid.nl/BWBV0003513/geldigheidsdatum_09-03-2010

Public Private Partnership’s a solution for Aruba and the Netherlands Antilles?

The public-private partnership model has emerged as the favored prototype of project execution in today’s world, especially in areas related to infrastructure development, health and education. Partnerships between the public and private sectors, in both social and economic spheres, establish a fundamental basis of further development and improvement of society. This phenomenon is currently applied … Continue reading Public Private Partnership’s a solution for Aruba and the Netherlands Antilles?

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