Situated in the Caribbean near the coast of Venezuela, Aruba is a fast growing and maturing financial services industry.

It has an established infrastructure, an international regulatory and legal framework and can provide a safe and stable investment environment for financial services.

The definition of a captive in Aruba is a business that insures or reinsures certain risks that exclusively or most exclusively result from the business conducted by its shareholders, affiliated companies or participants in a joint venture.

The Central Bank of Aruba requires the following of any captive insurance company domiciled on the island:

1. The captive shall have a supervisory board or comparable body consisting of at least three natural persons, required prior approval by the Central Bank of Aruba

2. The company must have at least one managing director of proven ability and experience in the insurance business, who is of good standing, charged with the responsibility for the day-to-day management of the company, and who has residence in Aruba

3. The captive conducts its financial administration from its office in Aruba

4. Annual certified actuarial report5. Annual audited financial statements,

submitted within six months after end of each financial year

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Aruba