Great news for investors eyeing Aruba's vibrant real estate market! Recently, the government of Aruba received a positive nod from the Organization for Economic Cooperation and Development (OECD), as the island is no longer listed as a tax haven on the grey list.
The OECD evaluates countries' legal and financial systems, categorizing those with tax haven practices on their 'Blacklist'. Twice a year, the European Union releases a summary of tax havens, and being on the grey list can pose challenges for investment opportunities.
Prime Minister Evelyn Wever-Croes highlighted that Aruba had previously faced the looming threat of being placed on the blacklist by the OECD. However, concerted efforts led to Aruba being listed on the grey list due to perceived non-compliance with the requirements for exchanging financial data.
As of February 20, 2024, Aruba has officially secured its place on the OECD's whitelist. This significant milestone underscores growing confidence in Aruba's financial transparency and regulatory framework, making it an even more attractive destination for investment. With Aruba's recent removal from the Organization for Economic Cooperation and Development (OECD)'s Grey list, international companies, including those in the tech sector, such as Google, now have an even more compelling reason to consider Aruba as an investment destination. This move not only boosts the economy but also increases the value of investing in real estate in Aruba.
This emphasizes Aruba's commitment to meeting international standards and fostering a conducive environment for investment growth.
For real estate investors, Aruba's removal from the grey list signifies a positive trajectory, ensuring a stable and transparent investment landscape. With renewed confidence in Aruba's financial integrity, investors can feel assured when considering opportunities in the island's thriving real estate sector.
Aruba's trajectory as a premier investment destination in the Caribbean region is unstoppable. As we bask in the glow of this remarkable achievement, Bold Properties Aruba stands ready to guide you through the abundance of investment opportunities. Contact us today to embark on your journey towards real estate success in Aruba.
