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| INTRODUCTION |
Aruba is situated in the Caribbean Sea, north of Venezuela. Formerly forming part of the Netherland Antilles, it became constitutionally autonomous in 1986 and is relatively new to the offshore status.
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| LAW AND TAXATION |
The Aruba Exempt Company (A.E.C.) was established in 1988 and is considered to be quite an attractive corporate vehicle. It is exempt from all taxation which gives it great value in the offshore sector. The A.E.C. may be utilized as an investment, a trading or a holding company. This type of company is meant to be a vehicle to further develop the financial service sector of Aruba.
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| CORPORATE REQUIREMENTS |
The most outstanding characteristic of an A.E.C. is the flexibility of its corporate structure. Annual financial statements are not required.
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