The great 8 of doing business in Aruba
Aruba is renowned worldwide as a high-class vacation destination. Besides the beautiful beaches and hotels, Aruba is also a perfect place for doing business. All the characteristics that have made Aruba a tourist destination are components that make the island a successful international business destination.
1. Strategic location
Aruba’s strategic location is one of the most important factors for using Aruba as your business hub. Geographically, an ideal place in the east-west, north-south trade corridors. The island is located at the heart of important trade routes and outside the hurricane belt. Geo-politically, Aruba is part of the Kingdom of the Netherlands and has a beneficial relationship with the European Union as an OCT (Overseas Countries and Territories).
2. Excellent international connections
Aruba might be a small island but it has many international connections, with (daily) direct flights to Caribbean islands, Europe and North and South America. Aruba is one of a few other countries that offers US customs and immigration at the airport for travelers, traveling to the United States. Currently the airport is working on a similar pre-clearance system for the European Union.
Communication is the most important part of doing business. If you speak English, Spanish, Dutch or Papiamento, in Aruba we understand it all. Finding a translator for Chinese, Portuguese, French or German is also not a problem. With over 90 nationalities living together we are a truly multicultural society.
4. Safety and security
Aruba has a very low crime rate and the island breathes a general sense of security. This has been and is an important contributing factor to the steady growth in tourism. Safety is also of great importance to the business community especially for those using Aruba as a distribution hub.
5. Educated workforce
Aruba’s population enjoys one of the highest levels of education in the region. Aruba has an excellent education system with many possibilities for (inter)national students.
Aruba has a modern infrastructure including a state-of-the-art airport and modern port facilities. Aruba is working on the construction of the new Barcadera harbor to upgrade its facilities. Utility costs are kept in check through the introduction of renewable energy sources.
7. Attractive fiscal benefits
Businesses that use Aruba as their gateway enjoy attractive fiscal benefits. Different (offshore) tax regimes makes Aruba a competitive business destination.
8. Trade agreements
Other added benefits when operating from Aruba are opportunities offered by specific trade agreements, such as the OCT (Oversees Countries and Territories) for those wishing to export to Europe and the CBI (Caribbean Basin Initiative) for those wishing to export to the United States.
Are you getting enthusiastic about the opportunities Aruba has to offer? Please contact us, with our one-stop shop concept we can quickly have your business up and running. For more information about investing in Aruba, please contact Arina (Aruba Investment Agency).