Aruba is an independent island country in the Kingdom of the Netherlands.
The island is located about 29 kilometres (18 mi) north of Venezuela. It’s 20 miles (32km) long and 6 miles (10km) across at its widest point. It has an area of about 75 square miles (193 km2).
Aruba has a high population density of approximately 110,000 persons.
The island has a dry climate with clear, sunny skies all year making it very attractive to tourists.
Oranjestad, the capital and largest city of Aruba, is located on the southern coast near the western end of the island country. The island has an international airport.
Aruba is south of the Caribbean hurricane belt which makes direct hits from hurricanes less common than other Caribbean Islands.
Citizens of the USA, Canada, UK, EU countries, and most Commonwealth & South American countries can stay on vacation in Aruba for 3 months on a tourist visa which is automatically given on arrival.
Visitors wanting to stay longer than 3 months can apply for an extension of 3 months.
Individuals who are retired from work, financially independent and a person of good character can apply for Aruba permanent residence.
Individuals who have permanent residency and have resided in Aruba for 3 years or more are eligible to apply for citizenship by naturalization.
There are no restrictions on foreign buyers acquiring real estate in Aruba. The Government of Aruba welcomes investment from overseas investors.
Search for your perfect property.
Make an offer to purchase the property with the Real Estate Agent.
Engage a lawyer to perform a title search and land survey.
After signing the Agreement for Sale, pay a 10% deposit.
On settlement pay all taxes and fees.
Pay the balance of the purchase amount.
Please seek the advice of a local lawyer. Legal fees depend on the complexity of the transaction and the amount of work performed.
For the purchase of an owner-occupied property, the rate is set on 3% over the first AWG 250,000 (US$140,000) and 6% over the remainder
Capital gains realized from selling real estate property, excluding the taxpayer's principal residence, are taxed at the progressive income tax rates.