An Aruba exempt corporation is a legal entity with a capital which is divided in shares.

The corporation is represented by its director / board of directors. An Aruba exempt corporation is required by law to be represented at all times by a legal representative.

Only a limited liability corporation that is domiciled in Aruba and whose purpose clause is to represent Aruba exempt corporations can act as a legal representative of Aruba exempt corporations.

As an Aruba exempt corporation is a legal entity, the shareholders are only liable to the extent of the amount of shares they have in the corporation.