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Welcome to Aruba

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Welcome to Aruba let us be your guide Michael-Leo van Romondt Deloitte Dutch Caribbean FS Finance Bill Event 11 December 2008 FS Finance Bill Event 11 December 2008 ... – PowerPoint PPT presentation

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Title: Welcome to Aruba


1
Welcome to Arubalet us be your guide
  • Michael-Leo van Romondt
  • Deloitte Dutch Caribbean

2
Backbone of our economy
  • SMEs account for more than 65 of Aruba economy
  • Medium lt 50 employees
  • Small lt 10 employees
  • Micro lt 2 employees
  • Different types of companies (NV/VBA/AEC)

3
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

4
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

5
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

6
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 Arubas biggest asset (service
    minded, multilingual, educated)

7
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

8
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

9
Logistics and Business
  • Airport
  • San Nicolas
  • Harbour
  • Free zone

10
Gateway in motion
  • Schiphol
  • TNO
  • Several Medical schools
  • Tourism education programs
  • Baptist medical cooperation with IMSAN
  • Gasunie

11
Practical examples SMEs
  • 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)/FB operators and maintenance

12
Practical examples SMEs
  • 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)

13
Practical examples SMEs
  • 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)

14
Win-Win
15
Gateway between Europe and the Americas
  • The Green Dot is at Your Service to facilitate
    your use Arubas Green Gateway!

16
Masha danki pa e atenshon
  • Dank voor uw aandacht
  • Thank you for your attention
  • Muchas gracias por su atencion
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