Arulex Trust and Corporate Services can assist you regarding the AVV! Act now before it’s too late!
All AVV will cease to exist from January 1st 2024. Time is of the essence for all owners of an AVV to make a conversion into a VBA. If your AVV has interests and/or assets you need to act now. We of Arulex Trust and Corporate Services are ready to assist you to protect your interests. A VBA may be held by resident and/or non-resident shareholders and have no minimum capital. A VBA must have at least one resident managing director or representative (registered agent). Arulex Trust and Corporate Services -with its trust license – under the supervision of the Central Bank Aruba can be appointed as managing director of the VBA. A conversion of an AVV into a VBA on the basis of the ordinance is considered a conversion from one legal form into another for corporate law purposes. As a result, the (former) AVV will have legal continuity (i.e. will continue to exist and will not be deemed to have been dissolved prior to conversion).
If you need assistance with conversion of your AVV into a VBA we are ready to assist you. Do not wait any longer because this process takes time. Please contact us info@lawyersaruba.com. (www.lawyersaruba.com)
