Service sector in Free Zone is booming!
By Anika in Export, Free Zone Aruba News on 11. Oct, 2012No Comments
The service sector in the Free Zone of Aruba is booming. In the past months more service companies opted to set up a free zone company. Not only the tax benefits can be mentioned as an important factor but also the drop shipment possibilities are very attractive. Goods can be shipped directly from the supplier to the customer without going through Aruba, which has transformed traditional trade into services. The contracts are signed through the free zone company, and additional services such as maintenance and consulting are also offered.
Currently, more than 55% of the companies operating from the free zone are active in the service sector. The service sector can be characterized as one of the broadest sectors with possibilities only limited by the entrepreneur’s creativity and understanding of the international marketplace. The free zone companies’ active in the service sector varies: green technology, e-commerce, tracking and tracing systems, international logistics, software services, etc.
The law changes earlier this year made it more attractive for service companies to open a free zone company. Service companies are no longer required to have an office in the Customs controlled free zones but can operate from elsewhere on Aruba, even from their home office.
Aruba wants to be the front runner in green energy and is developing into the regional showcase and hub for Latin America and Europe for sustainable products and energy systems. We are noticing the interest generated by all these opportunities and have increasing requests for information from local and foreign investors (such as the Netherlands, United States, Argentina, Colombia and Venezuela).
The free zone is an important instrument to attract foreign investors and diversify the Aruban economy. Aruba is an attractive location for foreign investments due to its geographic location, transportation network, attractive fiscal tariffs, safety and security, political stability, multi-lingual and multi-cultural society, etc.
If you are interested in setting up a service company or if you want more information feel free to contact us at