arubachamber.com Annual Financial Statement Filing Aruba : Chamber of Commerce & Industry

Organization : Chamber of Commerce & Industry
Type of Facility : Annual Financial Statement Filing
Country: Aruba

Website : http://www.arubachamber.com/business-in-aruba/filing-of-the-annual-financial-statement

Annual Financial Statement Filing :

The managing director(s), or the legal representative(s) of NV’s, VBA’s and AVV’s, is/are legally required to file the annual financial statements at the Aruba Chamber within 8 days after the General Shareholders’ Meeting’s approval.

Related : Chamber of Commerce & Industry Permits For Businesses Aruba : www.statusin.org/9441.html

The annual financial statements should be ready within 8 months after the financial year is completed. Due to exceptional circumstances, this term may be extended by max. 6 months in a General Shareholders’ Meeting.

Managing directors and supervisory board members, if applicable, shall all sign the financial statements (art. 36.1 and 36.2 lvVBA). In addition to the annual financial statements, a copy of the shareholders’ register is to be filed as well. This does not have to be done at the same time. A shareholders’ register can also be filed separately within 8 months after the financial year has concluded. There is no possibility for an extension period to file the shareholders’ register.

The financial statements and the shareholders’ register are not available for public inspection, unless explicitly authorized by the corporation.

Therefore, the Aruba Chamber will keep the information in a secluded area with limited access to its employees.

Contents of the annual financial statements:
** Balance sheet
** Profit & loss statement
** Notes to the balance sheet and the profit & loss statement
** Included as attachment: copy of shareholders’ register
** Registry form 16, available on https://arubachamber.com/pages/
** The financial year is stated in the company’s articles of incorporation.

Steps to file your annual financial statements:
1. Financial statements should be approved within 8 months after the financial year is completed.

2. In case the company requires extension of the term, the General Meeting of Shareholders must approve the extension through a meeting and document this decision in minutes. These minutes shall be deposited in the company’s file at the Aruba Chamber.

3. The company must then file the financial statements (signed by each director or commissioner) plus a copy of the shareholders’ register at the Aruba Chamber, within 8 days after approval of the financial statements together with registry form 16.

4. The Aruba Chamber will provide the company with a proof that the documents have been filed.

Helpful Tips for Entrepreneurs:
When planning to start a business, be well informed; click here to make an appointment directly or you can contact the Aruba Chamber for an appointment for more information or guidance.

Entrepreneurs can browse information on registered companies thru the Chamber’s online registry; the online registry is updated daily.

In addition to a business license, keep in mind that some types of businesses require additional licenses as well.

Company directors who are not born in Aruba nor have the dutch nationality need to apply for a director’s license at the Department of Economic Affairs.

Contact the Chamber whenever you need information regarding your business or when you have a concern about doing business. The Chamber is here to help or to point you in the right direction.

Write a business plan so you know what you are doing and check it every year to make sure you are still on the right track.

Ask the Chamber to provide you with a branch list or a list of all registered companies. Call ext. 35/27/30 or send an email to businessinfo@arubachamber.com

Business registration is possible on Monday thru Friday from 8.15am – 11.30am and from 1.15pm – 2.45pm. Make an appointment here.

You can modify your company data, free of charge, from Monday thru Friday, between 1pm and 3pm. No appointment is necessary however, you need to download the appropriate modification forms from our website and fill them out completely before going to the Aruba Chamber.

Keep an eye on the Chamber’s activity calendar, so you won’t miss any interesting events in Aruba or internationally that might be useful to your business.

Keep your email address up to date at the Chamber so you can be informed of any interesting news, events or any other relevant information.

After registration at the Aruba Chamber, remember to register the business at the Tax Department where your business will be registered automatically as well at the Aruba’s Social Security (SVb) and General Health Insurance (AZV).

Keep in mind that the Chamber’s annual contribution is to be paid each year by April 1st. Payment can be completed by bank transfer, see our bank account numbers at the bottom of the webpage.

Most Chamber products can be ordered online, go to the shopping cart at the top of the page or send an email to businessinfo@arubachamber.com