Administrative and legal costs of doing business

Advice & incorporation costs

Costs of Incorporation

The main expenses incurred in forming a company are:

  1. Civil law notary's fee: depending on the authorized capital and the work involved;
  2. Stamp duty on the ministerial declaration of no-objection on the articles of incorporation and the registration of these articles: approximately Awg. 300;
  3. Initial registration in the Commercial Register payable to the Chamber of Commerce and Industry Aruba: depending on the paid-up capital;
  4. Publication in the Official Gazette: approximately Awg. 40;
  5. A business license: Awg. 400; (pre-payment)
  6. Each director's license: Awg. 400; (pre-payment)
  7. For a complete list of other fees, if situation applies, see 'Legesbesluiten DEZHI'

Accounting & audit costs

An accountant can help you analyze your income and expenses to give you control over your cash flow. Your accountant is a financial advisor providing professional services that businesses need all year long – not just at tax time. Consult him or her when you first decide to start a business, for an annual check-up, when considering an expansion or when you need ongoing support. For more information about how an accountant can help you may review the accounting network.

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