Date post: | 13-Dec-2015 |
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Welcome to Aruba…let us be your guide
Michael-Leo van RomondtDeloitte Dutch Caribbean
Backbone of our economy
SME’s account for more than 65% of Aruba economy
Medium < 50 employees
Small < 10 employees
Micro < 2 employees
Different types of companies (NV/VBA/AEC)
Backbone of our economy
Aruba government has been facilitating foreign investment through ARINA (one stop shop)
Improving the business climate such as speeding up licensing procedures and lowering costs.
In comparison to mainly Europe, Aruba still has substantial lower costs of doing business
Backbone of our economy
Aruba Customs is currently undergoing a transformation process to simplify procedures, which will facilitate doing business
Deloitte is facilitating this process through our indirect tax expert/partner Julian Lopez Ramirez, who is also present at this event for further explanation
Current situation
Diverse economy needed from risk perspective
Infrastructure development underway (new road development/airport improvements/renovation and expansion hospital/harbour move to Barcadera) – better transit flow of goods and services
Current situation
Specific tax products in place (more underway for specific areas of development)
Excellent airlift to the Americas and Europe
Good harbour facilities (expansion plans underway)
HUMAN ASSET is Aruba’s biggest asset (service minded, multilingual, educated)
Focus
Aruba as a Gateway
Better utilization/marketing of current incentives (IPC, Freezone, AEC, Transparant company)/further improvements underway
Special industries (niche market)
Proven top brand tourist product – from undiscovered to unparalleled
Focus
Partnership with larger groups, which have added value for Aruba economy (capital injection)
Local involvement – transfer of know how and expertise
Local entrepreneurs with cross-cultural expertise
Logistics and Business
Airport
San Nicolas
Harbour
Free zone
Gateway in motion
Schiphol
TNO
Several Medical schools
Tourism education programs
Baptist medical cooperation with IMSAN
Gasunie
Practical examples SME’s
Tourism Center of Excellence (export knowledge/experience)
Schiphol cooperation has given ample opportunities to local entrepreneurs to expand business and bring it to the next level (onsite operators, aircraft registration, private aircraft facilities)/F&B operators and maintenance
Practical examples SME’s
Local entrepreneurs working with world class brands are currently expanding to other countries
Due to shift towards green economy, there is a spin off of technology expertise inflow towards Aruba, which will bring local expertise to even higher level (f.e. better storage of overcapacity of wind energy)
Practical examples SME’s
Free zone opportunities has already brought lower costs (in comparison to mainly Europe) to the attention of European entrepreneurs
For the Latin American partners, we see somewhat different reasons to do business in Aruba (f.e. safety reasons/relationship with Europe/excellent airlift/closeness to Latin America/multilingual and multicultural)
Win-Win
Gateway between Europe and the Americas
The Green Dot is at Your Service to facilitate your use Aruba’s Green Gateway!
Masha danki pa e atenshon
Dank voor uw aandacht
Thank you for your attention
Muchas gracias por su atencion