FAQ

Have questions about buying or selling property in Aruba? Our FAQ section has you covered. At C&C Real Estate, we provide clear, concise answers to the most common questions our clients ask. Whether you're new to the island's real estate market or looking to make your next move, our expert team is here to help you every step of the way. Explore our FAQs for quick insights and guidance.

Understanding Closing Costs in Aruba

When purchasing a home in Aruba, it's essential to be aware of the extra costs that come with it. Beyond the sale price, closing costs typically range from 5% to 9% of the property's value. These costs include transfer taxes and notary fees and may vary depending on whether you are a resident or non-resident.

Can Non-Citizens Own Property in Aruba?

Yes, non-citizens are welcome to purchase real estate in Aruba without any restrictions.

Is Hiring an Attorney Necessary for Buying Property in Aruba?

While you can choose to hire an attorney, it's not a requirement. All property transactions in Aruba are handled by a Government Licensed Notary (Notaris), who ensures the legality and security of the transaction.

Transfer Taxes: What You Need to Know

Aruba applies a one-time transfer tax on all real estate transactions. For properties valued up to AWG 250,000, the tax rate is 3%. For any amount exceeding this value, the rate increases to 6% on the excess.

The Role of Notary Fees

In Aruba, a Civil Notary is required to finalize the transfer of property ownership. You, as the buyer, will choose the notary and cover the associated fees. The notary's role is to ensure the title is clear and to prepare all necessary legal documents, such as the deed of transfer and the mortgage deed if needed. The fees are uniform across the island and apply equally to both residents and non-residents.

Additional Notary Costs

When it comes to notary fees, expect to pay between 1% and 2% of the property's value for the transfer deed. If you're also securing a mortgage, the notary fees for the mortgage deed will similarly range from 1% to 2% of the mortgage amount

Annual Land Tax: What to Expect

In Aruba, there is an annual land tax based on either the sales price or the taxable value of the property, whichever is higher. Tax rates vary by residency status:

Non-Residents: Pay a flat rate of 0.6% of the property's value.
Residents: The tax rate is progressive:
- 0% for properties valued up to Afl 250,000.
- 0.2% for properties valued between Afl 250,001 and Afl 500,000.
- 0.4% for properties valued between Afl 500,001 and Afl 750,000.
- 0.6% for properties valued above Afl 750,001.

FAQ