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Things to Know About the Business for Takeover Aruba
Aruba, an island in the Caribbean Sea, is sitting southwest of the Lesser Antilles, approximately 50 miles northwest of Curacao and north of the Venezuela peninsula of Paraguana. Formerly part of the Netherlands Antilles, Aruba is sub-divided into the northwest and the southwest coasts. The southwest coast is synonymous with the white sand beaches with the northeast having treacherous currents and rocky coastline. Oranjestad is the capital city, which is also the island’s main port.
The population of the island of Aruba consists of ethnically mixed race with many people of American Indian heritage, commonly a combination of Dutch, Spanish, and African origin. The two main official languages are Dutch and Papiamentu with English and Spanish widely spoken. Majority of the people are Roman Catholic Christians with small minorities of Protestants.
Aruba economy is mainly service-driven with activities primarily on tourism. Doing business in Aruba has greatly improved through the creation of a free-trade zone and flourishing tourism sector. In the wake of 2011, Aruba’s GDP stood at an estimate of $23,500 per capita, soaring higher in Central and the Caribbean nations. However, the employment level continues to be at its lowest with the majority of jobs converged in the tourism and hospitality industries. The progressive economic growth on the island of Aruba is dependent on the expansion of its exports to minimize the balance of trade facing the countries macroeconomic and fiscal factors.
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