Checklist
Steps for starting a business
Steps for starting a business
1. Start with a Market research
2. Write your business plan
3. Find out how to finance your business (savings account, financial institution etc.)
4. Choose your business location (consider the ROPv/ DIP)
5. Choose the legal structure of your business ↓
Business types →
Stay legally compliant ↓
Sole Proprietorship/ VOF
VBA/NV/Foundation/Association
6. Deed of incorporation from the Notary is required?
NO, NEVER
YES, ALWAYS
7. Application for a business license at DEACI is required?
The cost: AWG. 400,-
Website: www.deaci.aw
NO, you don’t have to apply for a business license at DEACI if:
- you were born in Aruba and have a Dutch nationality or;
- if you were naturalized Dutch in Aruba and older than 18 years or;
- you were not born in Aruba, but at least one of your parents was born in Aruba and has a Dutch nationality or;
- you were not born in Aruba, but are married or have a registered partnership with one of here mentioned persons, live here, and are in possession of a valid declaration by operation of law pursuant to the land Ordinance on Admission and Expulsion (LTU) and can prove this by means of official documents.
YES, ALWAYS apply at DEACI for a business license if:
- you are not born in Aruba and have another nationality; or
- other situations not mentioned here.
YES, ALWAYS
8. Do you have to register and write the name of your company at the Chamber of Commerce?
Cost: capital between
AWG. 0 – 25 thousand, cost AWG. 96,-
Website: https://arubachamber.com
YES, ALWAYS
YES, ALWAYS
- By incorporation of the deed by the notary;
- after the business license of the company.
9. Do you need an additional permit? And for which kind of business?
For example the following businesses:
Restaurant → DJWZ
Alcohol sale → DJWZ
Pharmacy → IVA
Watersport → DSA
Nursing Home → DVG unit, Elderly Care.
YES, ALWAYS
YES, ALWAYS
10. Do you have to register at the Tax Department (DIMP)?
(to comply with the requirements of tax)
Website: www.impuesto.aw.
YES, ALWAYS
YES, ALWAYS
11. Do you have to register your company at the Social Insurance Bank (SVB)?
Website: www.svbaruba.org.
YES, it is mandatory the employer register his/her company at the SVB, if he/she hires more than one employee.
The owner can’t be registered as an insured at the SVB.
YES, it is mandatory the employer register his/her company at the SVB, if he/she hires more than one employee.
The owner or director who is the controlling shareholder (has 50% or more of the shares in the Shares Register) cannot be registered as an insured at the SVB.
The owner or director who is not the controlling shareholder and receives a salary can register himself/ herself as an insured at the SVB.
12. Open a bank account
Business types →Stay legally compliant ↓ |
Sole Proprietorship/ VOF |
VBA/NV/Foundation/Association |
6. Deed of incorporation from the Notary is required? |
NO, NEVER | YES, ALWAYS |
7. Application for a business license at DEACI is required?The cost: AWG. 400,- |
NO, you don’t have to apply for a business license at DEACI if:
YES, ALWAYS apply at DEACI for a business license if:
|
YES, ALWAYS |
8. Do you have to register and write the name of your company at the Chamber of Commerce?Cost: capital between Website: https://arubachamber.com |
YES, ALWAYS | YES, ALWAYS
|
9. Do you need an additional permit? And for which kind of business?For example the following businesses: |
YES, ALWAYS | YES, ALWAYS |
10. Do you have to register at the Tax Department (DIMP)?(to comply with the requirements of tax) Website: www.impuesto.aw. |
YES, ALWAYS | YES, ALWAYS |
11. Do you have to register your company at the Social Insurance Bank (SVB)?Website: www.svbaruba.org. |
YES, it is mandatory the employer register his/her company at the SVB, if he/she hires more than one employee.
The owner can’t be registered as an insured at the SVB. |
YES, it is mandatory the employer register his/her company at the SVB, if he/she hires more than one employee.The owner or director who is the controlling shareholder (has 50% or more of the shares in the Shares Register) cannot be registered as an insured at the SVB.
The owner or director who is not the controlling shareholder and receives a salary can register himself/ herself as an insured at the SVB. |
12. Open a bank account |
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