A Dutch bv may be created by one or more individuals or legal entities, Dutch or foreign, with a minimum paid in capital of €1. A notarizeddeed of incorporation is executed and filed. The deed must be in Dutch. It must contain details of the incorporators, and of the initial Members of the Board, their amounts of participation and payments of initial capital. The deed also contains the Articles of Association, consisting of at least:
the company name (which must begin or end with "bv")
the city where the company has its registered seat
The authorized capital is the maximum capital that may subsequently be issued without altering the Articles of Association; it may be up to a maximum of five times the initial capital. Unlike its UK equivalent, a private company limited by shares, a bv company is not required to make its company accounts publicly available.[1]
Contrast with the publicly traded form of company: naamloze vennootschap, which was also used in Dutch privately held companies until the introduction of the bv in 29 June 1971.
Corporate income tax will be levied on the profits of the bv. The general assembly of shareholders decide on what manner the profit after corporate tax will be distributed. The profits will be distributed to the shareholders as dividend. The bv is responsible for withholding the dividend tax which is due for payment to the shareholders. The usual dividend tax rate is 15%. [2]
Advantages
Opening a Dutch BV company required minimum paid in capital € 1.
If the Dutch BV has an annual turnover of up to €20,000, it can take advantage of the small businesses scheme (KOR).
If any non EU-resident qualifies as wealthy foreigner in the sense of Dutch immigration law, a 5 years resident permit can be obtained.
The Dutch BV has one of the lowest tax rates in Western Europe.
A BV may be formed and operated by non-resident persons.[3]
S.R.L. (Sociedad de responsabilidad limitada; Società a responsabilità limitata; Societate cu răspundere limitată, the corresponding concept in Argentina, Italy (S.r.l.) and Romania respectively)
References
^bvba in Belgium before 1 May 2019; sometimes also written b.V.
besloten, vennootschap, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, 200. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Besloten vennootschap news newspapers books scholar JSTOR May 2009 Learn how and when to remove this template message A besloten vennootschap Dutch pronunciation beˈsloːte ɱ ˈvɛnoːtsxɑp lit private partnership besloten vennootschap met beperkte aansprakelijkheid lit closed company with limited liability abbr bv a or societe a responsabilite limitee SRL b is the Dutch and Belgian version of a private limited liability company The company is owned by shareholders the company s shares are privately registered and not freely transferable It is the most common form of limited company in the Netherlands and Belgium A Dutch bv may be created by one or more individuals or legal entities Dutch or foreign with a minimum paid in capital of 1 A notarized deed of incorporation is executed and filed The deed must be in Dutch It must contain details of the incorporators and of the initial Members of the Board their amounts of participation and payments of initial capital The deed also contains the Articles of Association consisting of at least the company name which must begin or end with bv the city where the company has its registered seat the purpose of the company the issued share capital and paid in capital the par value s of stock the conditions for share transferThe authorized capital is the maximum capital that may subsequently be issued without altering the Articles of Association it may be up to a maximum of five times the initial capital Unlike its UK equivalent a private company limited by shares a bv company is not required to make its company accounts publicly available 1 Contrast with the publicly traded form of company naamloze vennootschap which was also used in Dutch privately held companies until the introduction of the bv in 29 June 1971 Contents 1 Fiscal aspects 2 Advantages 3 See also 4 ReferencesFiscal aspects EditCorporate income tax will be levied on the profits of the bv The general assembly of shareholders decide on what manner the profit after corporate tax will be distributed The profits will be distributed to the shareholders as dividend The bv is responsible for withholding the dividend tax which is due for payment to the shareholders The usual dividend tax rate is 15 2 Advantages EditOpening a Dutch BV company required minimum paid in capital 1 If the Dutch BV has an annual turnover of up to 20 000 it can take advantage of the small businesses scheme KOR If any non EU resident qualifies as wealthy foreigner in the sense of Dutch immigration law a 5 years resident permit can be obtained The Dutch BV has one of the lowest tax rates in Western Europe A BV may be formed and operated by non resident persons 3 See also EditTypes of business entity AB Aktiebolag the corresponding concept in Sweden ApS Anpartsselskab the corresponding concept in Denmark Co Ltd YK and GK Yugen gaisha and Gōdō gaisha the corresponding concept in Japan GmbH Gesellschaft mit beschrankter Haftung the corresponding concept in Germany Austria and Switzerland LLC the corresponding concept in the United States Ltd Limited the corresponding concept in the UK Ireland and Kenya OY Osakeyhtio the corresponding concept in Finland Pty Ltd proprietary company the corresponding concept in Australia and South Africa SARL Societe a responsabilite limitee the corresponding concept in France Morocco Switzerland and Luxembourg S R L Sociedad de responsabilidad limitada Societa a responsabilita limitata Societate cu răspundere limitată the corresponding concept in Argentina Italy S r l and Romania respectively References Edit bvba in Belgium before 1 May 2019 sometimes also written b V sprl in Belgium before 1 May 2019 Morgan John 17 April 2014 Private college goes Dutch but says profits are taxed in UK Times Higher Education Retrieved 5 May 2016 Dividend tax Taxation and businesses Government NL 3 April 2014 Private limited company bv in the Netherlands business gov nl Retrieved 2021 09 30 This business term article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Besloten vennootschap amp oldid 1165792075, wikipedia, wiki, book, books, library,
