Frequently Asked Questions
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Who is eligible for TPEF funding?
Any entity whether it is a foundation or company ta possesses a active registration at the Aruba Chamber of Commerce.
Which criteria should project proposals meet to be considered for funding?
The TPEF funds projects that has the overall objectivity to elevate the Aruba tourism product.
There are 6 categories an applicant can choose from when submitting a proposal:
- Investments
- Attraction
- Safety
- Environment
- Heritage
- Awareness
Which documents should be submitted for a project proposal and REOI?
- Detailed Project Proposal- specifying the project target and scope
- The objective of the project on to how it fits within the areas of funding of TPEF
- Chamber of Commerce Registration
- Copy of a valid ID of entity’s president/ director
- Entity’s president/ director code of good conduct document
- Acknowledgment of Fiscal Conduct
- Budget Cost Breakdown
What is the difference between a project proposal submission and a submission of Request for Expression of Interest
The definition of project proposal for TPEF is when an entity whether a company or foundation would like to be considered for funding and will submit a project pitch to the TPEF board and Ministry of Tourism.
A Request for Expression of Interest (REOI) is when the Ministry of Tourism and the TPEF Board already has funds allocated towards a specific project scope and it is requesting a REOI on the specific project so they on their end can be considered as the executing stakeholder of the specific project
In what language should project proposals be submitted?
Project Proposals should be submitted in English which is not only the universal language but also the main language used throughout Aruba’s tourism industry
What is the process of project evaluation?
Once a Project Proposal or REOI is submitted the TPEF Board will first evaluate the relevancy of the project within TPEF’s funding scope. Following the Board will issue an advice to the Minister of Tourism for the project to be considered and once approval is received the project will continue into all its phases of development.
It also highly likely that the TPEF Board will invite the applicant to give the project pitch presentation to the board and in some cases as well to the Minister of Tourism.
For the entire application process the TPEF Project Manager will be the main point of contact between the applicant and the TPEF Board.