Set up Dutch BV Company
1. What is a BV in Netherlands?
A limited liability company in the Netherlands is known as Beslotenvennootschap or BV. This type of company is chosen for small and medium sized businesses by foreign entrepreneurs who come to set up companies in Holland.
2. What is the minimum share capital for a BV in Netherlands?
The minimum share capital for incorporating a limited liability company in Netherlands is 18,000 EUR, with at least 25% of this amount paid prior to registration. The initial capital should be deposited in a temporary bank account opened on behalf of the company at a Dutch bank. It is also possible that the shareholders contribute with assets.
3. How many shareholders are required for a BV in Netherlands?
A limited liability company in Holland or a BV requires at least one shareholder. If the only founder is also representative of the management board, he must register with the trade register in the Netherlands. In case there are several shareholders, they must provide some personal information to the Ministry of Justice.
4. What is the management structure in a BV in Netherlands?
The management of the Dutch limited liability company is conducted by a board of managing directors. The directors are appointed by the company’s shareholders for an unlimited period. The management board is responsible with the most important decisions regarding the company and sometimes they can sign documents on behalf of the company, unless the articles of association stipulate restrictions.
5. How is a BV verified in Netherlands?
A supervisory board is only necessary in a limited liability company in Netherlands if the Dutch BV has more than 50 employees. External auditors may also need to verify the annual accounts of the Dutch BV and publish the company’s turnover if it exceeds 8.8 million EUR and the balance sheet exceeds 4.4 million EUR.
6. Are there other special requirements for a BV in Netherlands?
There are no special requirements for the shareholders’ residence. As far as the name of the company is regarded, it must be unique and must contain the letters BV. There are no restrictions in terms of the language used, unless it is offensive or prohibited. In this case, the name should be changed.
Partner: Holland Company Registration