The ISO code of Aruba is AW according to the ISO 3166 standard. The local name of the country is the same as its English name. Aruba capital city is Oranjestad. People in Aruba speak the Dutch, and Papiamento languages. In the year 1986, Aruba emerged as a sovereign political entity. The largest cities in Aruba are Babijn, Oranjestad, Angochi, Arasji .
Aruba is located in the UTC -04:00 time zone, which is also called Atlantic Standard Time or AST. The internet country code top-level domain (ccTLD) for Aruba is .aw. The International dialing code for Aruba is 297. People in Aruba drive on the right side of the road. Total land area of Aruba is 180 km² (approx. 69 mi²). Aruba is not a landlocked country. It means that is is bordered by at least one major body of water.
Aruba is located in North America. Aruba is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Doing business in Aruba
We offer various corporate services in Aruba jurisdiction. These services can serve both, people coming from Aruba and foreigners. If you plan on doing business in Aruba you might be interested in contacting us.
To find out about starting your business in Aruba click on company formation in Aruba.
To find out how to open a bank account in Aruba and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Aruba.
Choose preferred service below or continue reading to find out more about Aruba.
Demographics of Aruba
The total population of Aruba is 105,670 people. In Aruba, the population density is 575.21 people per square kilometer (1,496 per square mile). Because of this statistic, this country is considered to be very densely. The ethnic diversity is almost uniform according to a fractionalization scale which for Aruba is 0. Aruba has approximately 36114 foreign immigrants. The median age is approximately 38.8 years. In Aruba, 74 in every 100 people use internet. Aruba has a Human Development Index (HDI) of 0.879.
The majority religion of Aruba is Christianity, Aruba is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Aruba.
Culture of Aruba
People in Aruba speak the Dutch, and Papiamento languages. According to data on inbound tourists in Aruba, 979,000 tourists arrive in the country each year. The first McDonalds in Aruba was opened on 4 April 1985, and it was located in Oranjestad. One of the most popular national dishes of Aruba is keshi yena. To read more click on culture of Aruba.
Geography of Aruba
Aruba is considered to be a large nation because of its total area. Its total land area is 180 km² (approx. 69 mi²). Aruba is located in North America. Its capital city is Oranjestad. Aruba has no land borders.
The highest point of Aruba is Mount Jamanota, with its official height being 188 m (617 ft). Including land mass and EEZ, the total area of Aruba is approximately 180 km² (~69 mi²). The most notable natural resources found in Aruba are sandy beaches, pleasant climate.To read more click on geography of Aruba.
Economy of Aruba
The currency of the country is Aruban florin. The symbol used for this currency is ƒ, and it is abbreviated as AWG. 7.3% of population in the country are unemployed. The total number of unemployed people in Aruba is 7,714. Each year, Aruba exports around $2.22 billion and imports roughly $3.16 billion. The Gini Index of the country is 51.67. Aruba has a Human Development Index (HDI) of 0.879.Aruba is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are tourism, petroleum transshipment facilities, banking.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Aruba is $3 billion. Each year, consumers spend around $1,450 million. The ratio of consumer spending to GDP in Aruba is 57%, and the ratio of consumer spending to the world consumer market is 0.0042. The corporate tax in Aruba is set at 28%. Personal income tax ranges from 7% to 58.95%, depending on your specific situation and income level. VAT in Aruba is 1.5%, and it is known as Business turnover tax. To read more click on economy of Aruba.
Infrastructure of Aruba
In Aruba, 90.9% of the population has access to electricity. There are 40,560 internet hosts in Aruba. Aruba has 1 airports nationwide.
The number of road motor vehicles per 1000 inhabitants in Aruba is 112. To read more click on infrastructure of Aruba.
Politics of Aruba
Aruba, is a unitary parliamentary representative democracy under constitutional monarchy. The head of the government is Willem-Alexander.
According to the World Bank Group, the government effectiveness index of Aruba is 0.86. This indicates that the government of Aruba is effective. Citizens enjoy well-organized public and civil services, and government efficiency is high. While some services may be lacking in certain areas, the overall environment fostered by government legislation is favorable.In Aruba, the legislative power is vested in a Estates of Aruba. To read more click on politics of Aruba.
Environment of Aruba
Aruba emits 23.9 metric tons per capita of CO2. The number of road motor vehicles per 1000 inhabitants in Aruba is 112. To read more click on environment of Aruba.
Company formation in Aruba
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Aruba.
When establishing a company in Aruba, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Aruba that will affect the establishment and growth of one's business. Contact us or click on company formation in Aruba to read additional information when setting up a business.
Bank account opening in Aruba
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Aruba. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Aruba, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Aruba or contact us.