• Aruba does not have an inheritance/gift tax:
  • This implies that a resident of Aruba can donate his/her fortune to his/her heirs without paying taxes on Aruba However, there might be other countries where the inheritance taxes are due. Please consult with one of our qualified specialists.
• Aruba does not tax the interest income earned from bank savings:
  • Interest on savings accounts is not taxed. Bond interest is taxable, though.
• When relocating to Aruba, a possible exemption on import duties applies:
  • If you relocate to Aruba and obtain a residence permit, you can import your household goods (including your car) without having to pay import duties.
• Aruba has relatively low property tax tariffs (0,6% per year):
  • Owners of real-estate receive a yearly invoice of 0,6% of the value of the property. Nevertheless, there are exemptions that could apply.
• Aruba does not have an asset tax:
  • Many countries in the world charge taxes on assets. Aruba does not.
• There is no capital gains tax in Aruba:
  • One of the biggest differences with the USA is that there is no capital gains tax on Aruba. This means that if you make a profit by selling stocks or a house, you do not need to pay taxes.
• Temporary residence permit with the purchase of a real estate property.
  • With the purchase of a property, you could be entitled to a temporary residence permit.

Should you happen to invest in real estate in Aruba:

• Will the property be used as your (vacation) home and possibly
  be rented out to third parties as an investment?
  • If so, please contact our team of experienced tax advisors and they will assist you accordingly in providing tailor-made insights that include, but is not limited to:
    • Tax consequences of possibly becoming a (tax) resident of Aruba; Future estate planning
    • Different tax options when acquiring a property
    • Structure the financing of a property
    • Tax implications once the property has been acquired
    • Tax consequences of the acquisition of the property and the tax consequences on your additional (foreign) income
    • Temporary residency as a result of the acquisition of the property.