MEMBERS OF THE MANAGING BOARD OF AN ARUBAN COMPANY
No minimum or maximum number
Aruban law does not contain any provision as to the minimum or maximum number, nationality, residence etc. of the managing directors of an Aruba limited liability company (‘NV’). The only requirement that may be deducted from the Commercial Code of Aruba is that there is a board of managing directors. The number of managing directors is completely left to the discretion of the incorporators and afterwards the shareholders of the company.
However, in order to qualify for a business license, the company should have at least one local managing director or a local representative. This local representative must have the corporate power to represent the company towards government institutions and semi-government institutions. The local representative is therefore an attorney-in-fact with specific powers.
Karel Frielink
Attorney (lawyer) / Partner
