In 2006 the Aruban government presented its plan for a form of Aruban limited liability company, known as a vennootschap met beperkte aansprakelijkheid. Parliament has now finally approved legislation on the new corporate entity. Simple and flexible, it promises to be particularly useful for tax planning.
A new form of limited liability company, designed to be simple, multi-purpose and suitable for tax planning, is expected to be introduced at the beginning of 2008. The new form facilitates company restructuring and is designed to improve the investment climate for local and international investors.