Very low annual property taxes, compared to other Caribbean Islands and the U.S. and Canada are levied at a rate of 0.4% of the assessed property value subject to USD. 33,000.00 deductible.
Buyers are responsible for payment of a transfer tax. Capital Gains derived from the sale of Real Estate in Aruba, are exempt from income taxes if the unit is acquired by a non-resident natural person.
It is considered one of the best places to invest in the Caribbean. Aruba enjoys one of the highest living standards in the Caribbean (USD 26,000.00 per capita), with minimum levels of poverty and unemployment, thus a very low crime rate.
Is owning a beach condo worth it? ›Buying a beach house can bring an excellent return on investment, a reliable income stream, and access to a delightful vacation spot. Many beach house investors purchase homes that they subsequently rent out during peak tourism times.
Will a beach house pay for itself? ›Beach house investment FAQ
With a well-kept property, in a popular destination, with sought-after amenities—yes, it's possible for a vacation rental to pay for itself by offsetting your mortgage and other expenses.
Q.: Can an American/Canadian/ European citizen buy property in Aruba? A.: Yes, there are no restrictions for foreigners on buying property in Aruba. Q.: How much time can I spend in Aruba as a homeowner? A.: Homeowners can spend 180 days of the calendar year in Aruba without residency or additional permits.
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