Aruba was removed from the "Grey List"

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ORANJESTAD - Recently, the government of Aruba received good news from the OECD, as Aruba is no longer on the grey list as a tax haven.

The Organisation for Economic Cooperation and Development (OECD) evaluates countries' legal and financial systems and registers every country with tax haven practices on the 'Blacklist'.

Twice a year, the European Union publishes a summary of tax havens. There are countries such as Russia and Panama that are on the blacklist, while it removed countries like the Bahamas and Belize from the blacklist. Being on the grey list can hinder investments in our country.

According to Prime Minister Evelyn Wever-Croes, the OECD had previously threatened to put Aruba on the blacklist. However, they placed Aruba on the grey list because, according to them, Aruba did not comply with the requirements for the exchange of financial data.

As of February 20, 2024, Aruba is officially on the OECD's white list. It shows that confidence in Aruba is growing. Curacao, on the other hand, still has tasks to do and remains on the grey list.