Country
THE NETHERLANDS
BV (“Besloten Vennootschap”) is a Dutch Limited Liability company incorporated under the Dutch Law which has changed effective as per 01.10.2012 simplifying the BV formation procedure.
| Type of Company | (BV) Dutch limited liability company |
|---|---|
| Common or Civil Law | Civil |
| Disclosure of Beneficial Owner | No, though sole shareholder is a matter of public record |
| License Fee | None |
| From 01.10.12 the VAT rate | Increased from 19% to 21% (with certain exceptions) |
| Corporate Tax | Below 200,000EUR - 20%; 200,000EUR and over - 25% |
| Dividend withholding tax | 15% or lower by tax treaty or EU parent-subsidiary directive |
| Minimum share capital deposited | 1 EUR |
| Bearer Shares Allowed | No |
| Minimum Number of Shareholders | One |
| Minimum Number of Directors | One |
| Company Secretary Required | Not applicable |
| Corporate Directors Permitted | Yes |
| Corporate Secretary Permitted | Yes |
| Registered Office/Agent Required | Yes, must be maintained in the Netherlands |
| Local meetings | Yes |
| Annual Return | Yes, must be filed each year |
| Annual Submission of Accounts | Yes, filing accounts with Chamber of Commerce (small enterprises only publish a summarized balance sheet) |