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GLOBAL INFO

Netherlands

COUNTRY:

Netherlands

QUESTION:

ANSWER:

1.      What are the main types of companies in your country?

-        Limited Liability Company with Shares (besloten vennootschap met beperkte aansprakelijkheid)

-        Limited Company (naamloze vennootschap)

-        Partnership

2.      Which is the most preferred type of company by foreign investors?

Limited Liability Company with Shares

3.      What are the basic capital requirements of this company? (minimum amounts, types of capital, deadline of capital contribution)

There are no basic capital requirements for that company. € 0,01 has to be deposited.

4.      What are the basic rules of shareholders liability for company debts in this company?

Shareholders liability for the company debts only extends to the amount of the shared capital held by the shareholder.

5.      What are the basic management requirements for this company? (only natural persons, or nationals can be managers etc.)

Natural persons as well as companies can be manager/director of the company.

A clean criminal record is a must. There are no nationality requirements for managers/directors.

6.      How long does the registration procedure of this company take?

2 till 5 days.

7.      What are the main costs of formation of this company in local currency?

The notary fees are approximately € 300 - € 600. The registration fee at the Trade Register is € 50.

8.      What is the average attorney’s fee of the formation of this company in local currency?

± € 850.00

9.      What are the basic publicity requirements of this company (filing of company changes, financial reports, etc.)

Dutch companies have to be registered n the Trade Register. This register contains the following important information available to the public: the company name and address, date of incorporation, purpose of the company, the amount of shared capital, members of the Board of Directors, names of the persons able to represent the company (and for what certain amount).

Each company has to file its financial reports within 13 months after 31 December of the preceding year. These rues should be strictly obeyed, since in the case of the non-timely filing of the financial report, managers/directors might be held personally liable for the debts of the company.

10.   What are the main auditor requirements?

-        The following companies are obliged to appoint an auditor: public companies which are either quoted on the stock exchange, or have issued funds or have a balance sheet of over € 16,000.000 and over 100 employees.