A permanent establishment qualifies for tax liability
There will be a tax liability when the activities of a foreign company on the Netherlands Antilles can be qualified as a permanent establishment, as on the Netherlands Antilles profit tax (and private income tax) is levied from companies (and one-man enterprises), who carry on a business through a […]
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Commercial communication must always be recognizable as such
The Netherlands Antilles National Ordinance on Electronic Agreements is applicable on commercial communication. Commercial communication is all forms of offering and recommending goods and services, businesses and persons, among which advertising and direct marketing by electronic means from, or aimed at the Netherlands Antilles, directly or indirectly aimed at […]
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A silent partner must stay silent
Limited partnerships are often used, a.o. for (investment) fund activities. Limited partnerships are not legal entities but contractual arrangements between the general partner (often a limited liability company) and one or more limited (or silent) partners.
The principle of freedom of contract as it applies in the Netherlands Antilles and Aruba […]
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It is prohibited to sell notes
In the Netherlands Antilles it is prohibited to sell notes to others than licensed credit institutions (Article 45 of the National Ordinance on the supervision of banking and credit institutions 1994). There is a possibility to obtain an exemption.
An exemption can be requested with the Central Bank to issue notes. […]
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There are restrictions
The Aruban State Ordinance on the Supervision of the Credit System (’Landsverordening toezicht kredietwezen‘, the ‘SOSCS’) prohibits anyone from engaging in the business of a credit institution (‘kredietinstelling’) in Aruba without a license issued by the Central Bank of Aruba.
In Article 48, the SOSCS also prohibits any natural person or legal entity from […]
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A source of income makes one subject to income tax
For Aruba tax purposes a resident private person is subject to income tax for its world wide income based on the Income Tax Ordinance. Also subject to Aruba income tax are private persons who are not a resident, but have a domestic source of income, like […]
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Electronic files will not be disregarded as evidence
A Dutch Caribbean court may base its decision on facts only. If something is not disputed by the parties it is such a fact, even if it does not correspond with reality. For example, if both parties state that they were involved in a fight in London, the […]
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The management board faces limitations
The management board has the function of managing the corporation, i.e., making policy and conducting the day-to-day management of the corporation. Except for restrictions in the articles of association, the management board is responsible for the management of the BV or NV (private or public limited liability company) and is authorized […]
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Board is centre of gravity
The management board has the function of managing the corporation, i.e., making policy and conducting the day-to-day management of the corporation. Except for restrictions in the articles of association, the management board is responsible for the management of the BV or NV (private or public limited liability company) and is authorized […]
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