Navigating Taxes and Costs in Aruba Real Estate

Taxes Made Simple
● Low Land Taxes: Enjoy the perk of low land taxes in Aruba, calculated based on
your property’s value. The first $33,707 is tax-free, and beyond that, it’s a mere 0.4%
or $4 per $1000 of value.

Costs at Closing
● Transfer Tax: Expect a transfer tax of 3% for properties valued under $142,860, and
6% for higher values.
● Notary Fees: These typically amount to 2% of the selling price, covering the transfer
and mortgage deeds. Notaries ensure a smooth transfer and verify property
ownership, backed by Dutch Monarchy approval.

Securing Mortgages
● Bank Mortgages: Banks in Aruba offer mortgages to residents and non-residents,
each with varying requirements like identification, income proof, and employment
references. Closing fees apply, typically around 1% of the loan amount.

Visitors and Residency
● Visitor Stay: Tourists enjoy a 180-day stay per year but can extend with assistance
from the Department of Immigration (DIMAS).
● Residency Process: Non-natives seeking residency for work or living require DIMAS
approval.

Useful Links:
● Financing/Loans: Check out banks for mortgage options. Aruba Bank N.V. RBC
Royal Bank (Aruba) N.V. Banco Di Caribe N.V. Caribbean Mercantile Bank
N.V

● Life Insurance: Essential for bank loans, available through insurance brokers and
agencies. Ennia N.V Fatum, Nagico and The New India Assurance

Your Path to Aruba Living
Aruba offers not just stunning beaches but also a welcoming environment for property
buyers. With manageable taxes, transparent costs, and straightforward residency options,
your dream of owning a piece of paradise is within reach!
Need assistance or have questions? Reach out to us today, and let’s make your Aruba living
dream a reality!

Aruba?
Aruba, a captivating gem in the Caribbean Sea, beckons with its allure of sun-kissed
beaches, azure waters, and a vibrant cultural tapestry. This small yet mighty island,
just off the coast of Venezuela, boasts a unique blend of Dutch heritage and warm
Caribbean hospitality.
Renowned for its year-round sunshine and balmy temperatures, Aruba offers an
idyllic escape for beach lovers and adventure seekers alike. Whether you’re lounging
on the powdery sands of Eagle Beach, windsurfing at the iconic Fisherman’s Huts, or
exploring the rugged landscapes of Arikok National Park, there’s no shortage of
outdoor thrills to indulge in.
Beyond its natural wonders, Aruba’s rich cultural heritage adds depth to its charm.
Wander through the colorful streets of Oranjestad, where Dutch colonial architecture
mingles with vibrant street art and bustling markets. Sample the island’s diverse
culinary delights, from fresh seafood to hearty stews infused with local spices.
Aruba’s welcoming atmosphere extends to its people, known for their friendliness
and warmth. With English, Dutch, and Papiamento as the official languages,
communication is a breeze, fostering a sense of inclusivity and connection.
Whether you’re seeking relaxation, adventure, or a taste of island living, Aruba
promises an unforgettable experience. With its irresistible blend of natural beauty,
cultural richness, and welcoming spirit, Aruba invites you to discover the magic of the
Caribbean’s most beloved island paradise.