Aruba has one of the highest standards of living in the Caribbean region with an incredibly stable economy. Oranjestad, the capital, is the administrative and financial center of the island, offering an array of investment, banking, accounting, and legal services. Since 1987, Aruba has experienced spectacular economic growth; its continuous progress is primarily fueled by increased investment in the tourism industry, development of the trade sector, effective financial reforms, and offshore financial services.
In 1988, after the introduction by the Government of "The Aruba Tax Exempted Corporation" (Arubaanese Vrijgestelde Vennootschap (AVV)), large trust companies that had previously concentrated their operations in Curacao, started operating offices in Aruba. This is largely due to an increased acceptance of Aruba as an international financial center. Thus, when registering in Aruba there is no concern of an unstable economy and there is a multitude of resources that one can accesses.
Aside from its stable economy, Aruba offers its clientele a favorable tax system for the registration of aircraft, that when structured properly creates no tax implication for the owner(s). Furthermore, Aruba has an excellent reputation for providing cost-effective services with uniquely tailored support; aircraft registration officers are accessible 24 hours a day, 7 days a week.